Econet Wireless Zimbabwe has set up banking booths in rural areas to allow people to conduct financial transactions. Pensioners can now access their funds through the programme, thanks to a collaboration between the country’s largest operator and the government’s National Social Security Authority (NSSA). The company says the initiative will reduce the need for underserved...
Econet Wireless dominates the Zimbabwean telecoms market with nearly 70% of the shares according to the regulator’s statistics. Its competitors are Telecel, TelOne and NetOne. Telecommunications operator Econet Wireless Zimbabwe has announced that it is strengthening its mobile roaming services for both its subscribers traveling outside Zimbabwe and subscribers of other networks visiting the country. The company...
Econet Wireless Zimbabwe is deploying a virtualised core network to replace the current core network system in response to the demand for data and voice services. The company announced the infrastructure buildout this week, saying the usage of voice and data for the quarter ended in May, grew by 30% and 31 %, respectively. Zimbabwe’s...
Econet Wireless Zimbabwe yesterday turned 25 amid a silver jubilee celebration campaign themed ‘Halo 25, Building Memories Together’ which it launched to commemorate 25 years since it started operations in the country. Econet Wireless, now the largest telecommunications and technology company in the country, launched its cellular network on July 10, 1998 and was subsequently...
Econet Wireless Zimbabwe has reported a 20% increase in inflation adjusted revenues for its financial year to end-February 2023 to ZWL339.2 billion (USD937 million), driven by rises in mobile voice and data usage of 19% and 58%, respectively. Local currency lost more than 85% of its value during the year, however, which impacted earnings, leading...
Econet Wireless has upped the ante in 5G infrastructure investments, as the mobile operator eyes opportunities in emerging technologies. The mobile operator is deepening 5G coverage in Zimbabwe after adding 12 new base stations in the financial year ended February. Zimbabwe’s biggest telecom company yesterday reported its performance for the 2023 financial year. Founded by...
Econet is stepping up investments to maintain its leading position in the Zimbabwean mobile telephony market. The company recently signed an agreement with Ericsson for the modernization of its network infrastructure. Zimbabwean telecom operator Econet Wireless controlled 69.9% of the national mobile subscriber base at the end of December 2022, according to the latest annual report...
Low tariff costs has impacted Zimbabwe’s largest phone operator, Econet Wireless, which posted a ZW$5,78-billion loss in the first half of August 2022. The company has continued to lobby the regulator to increase up tariffs amid rising inflation which has worsened in the period under review compared to the same period last year. The telco...
Mobile money service EcoCash has increased its transaction limit by an average of 230% as the local currency tumbles against the US Dollar. EcoCash said it had increased the daily limit to ZW$75 000, and to ZW$359 000 for mobile clients. Additionally, consumers can send up to ZW$350 000 per day, with the transaction limit...
The number of Zimbabweans receiving diaspora remittances through mobile money platform, EcoCash has increased to 260 000 (up from last year’s figure of 230 000), with US$7.5-million in transaction value processed through the e-wallet. EcoCash, a spin-off of Econet Wireless and listed separately on the Zimbabwe Stock Exchange, experienced a drop in the number of...
