Zimbabwe’s leading telecommunications and Technology Company Econet Wireless and the Zimbabwe National Road Administration (Zinara) today announced a partnership that will see tollgates linking directly with customers’ EcoCash wallets. In a first […]
Following my article days ago, I received a number of follow-up questions on bitcoin mining, such as: What is mining? How do I mine? Who can mine? Why mine in the […]
Econet released its annual financial results today. The company’s profit for the year, as generally expected, declined. This time by 10% to $36.2 million from $40.2 million the previous year. Revenue was […]
In late 2016, I got a call from the finance director of a listed financial services company. He and his managing director wanted to take me out for lunch. Shortly […]
Earlier today, Techzim wrote an article dismissing some fake news that was circulating on WhatsApp, saying the Reserve Bank of Zimbabwe is introducing new Bond Notes and had put further restrictions […]
A supposed ‘article’ about the introduction of new Bond Notes and new restrictions on international cards, that is going viral on social media today is fake. It’s especially going viral on WhatsApp […]
In the video F8 and the increasing importance of the camera on your phone The Reserve Bank of Zimbabwe Statement on Maximum Cashbacks and banking of all cash The internet […]
Early this month, a group of people huddled at the Focus Rooms conference centre in Sunninghill, Sandton. The purpose was to discuss the future of money, and the technologies that […]
Over the weekend, Zimbabwean social media was abuzz with photos of Total Fuel Station charging its customers in US dollars. Many feared that 2008 had come back and that this […]
Local Bitcoin exchange BitCoinFundi says it processed about US $100,000 worth of transactions in 2016. The exchange founder and CEO, Tawanda Kembo, says they have been growing their total transaction value by about 16% […]
Econet Wireless Zimbabwe’s shareholders recently approved a US$130 million rights issue at an extraordinary general meeting (EGM) held in Harare recently. A total of 6 resolutions which had been tabled […]
If you are in Zimbabwe and are holding shares in Econet Wireless Zimbabwe you are probably relieved to know that the telecoms operator and the Reserve Bank have created a […]
As a way of protecting local shareholders who were faced with the challenge of participating in the rights offer by paying for the new shares through a foreign currency deposit, RBZ and Econet have agreed that Econet will open a rights offer account with a local receiving bank.
Local telecoms company Econet Wireless Zimbabwe is looking to raise US$130 million in the local market through the issue of shares and debt as an arrangement to put together capital […]
The Reserve Bank of Zimbabwe has seemingly caught on to “fraudulent activities” being conducted by Zimbabweans who are taking advantage of its Diaspora Remittances Incentives Scheme (DRIS). The DRIS was put […]
Earlier today Telecel Zimbabwe announced it will be offering an extra 10% on all international remittances received via its TeleCash mobile money platform which has existing partnerships with remittance services like […]
The CBZ Bank in partnership with Empowered Life Trust will be launching a Youth Empowerment Program (YEP) from the 1st of November 2016. We first noticed the program through a […]
Starting from the first of October 2016 this same export scheme will be extended to diaspora remittances. It has been set at 5% – with 2% being reserved for the money trasnfer agent and 3% reserved for the recipient.
Unfortunately, this was only a 90-day reprieve set to run from the beginning of June to the end of August 2016. The EcoCash team has since reintroduced its merchant payment fees which can go up to $1.95 for a $500 payment.
MMM Nigeria this is how MMM Zimbabwe crashed, very similar to what is happening to you now Earlier today, MMM East Africa, MMM Global Zimbabwe‘s parent organization, released a public […]
Econet, Zimbabwe’s largest telecoms provider has distanced itself from the recently collapsed MMM ponzi scheme. In an advert published today, the company distanced itself from the scheme, saying they wouldn’t be responsible for […]
The Reserve Bank of Zimbabwe today confirmed that the mobile money providers are reducing transaction fees effective 1 August 2016 after the regulator engaged them to make transacting affordable for mobile […]
From Monday, the 20th of June, 2016, RTGS payments in Zimbabwe will be conducted in multiple currencies while Zimbabwean banks will start issuing 8 other currencies in addition to the United States Dollar from the 1st of July 2016.
The Zimbabwean government has directed all public institutions including State-owned enterprises and local authorities to introduce electronic Point of Sale terminals by the 1st of July 2016.
This week, the Reserve Bank of Zimbabwe (RBZ) ran several public notices on bond notes as inserts in newspapers. Attempting to bring clarity on “the export bonus scheme” backed by bond notes, the inserts basically […]
The arrangement between EcoCash Diaspora and Chitoro allows people in the United Kingdom as well as 10 other countries in Europe to send money directly to a recipient’s EcoCash wallet in either Zimbabwe or South Africa. Recipients can then choose to either use the funds at any EcoCash point of sale service facility or to…
Earlier today, we attended the official launch of the partnership between EcoCash Diaspora and the global money transfer company, MoneyGram. The EcoCash and MoneyGram remittance option works in pretty much the same way as the other integrated remittance services such as WorldRemit, Western Union and Chitoro.
We managed to get some brief responses for the founder of Bitmari, Sinclair Skinner. In the following Q and A, he gave some insight on what Bitmari will be working on, including financing new farmers, and how much the service will cost.