82:
43:
313:
431:
2015, due to increasing losses, the group imposed a 20 percent salary cut to its employees in
Zimbabwe, and negotiated a 15 percent discount with its suppliers, even though its service EcoCash continues to prosper in the country. In June 2015, despite the economic turmoil, the company distributed $ 15 million in dividends to shareholders.
492:- A Zimbabwean money transfer/ payment service which provides a savings account, international transfers, banking services, payroll services, and became a solution to pay for public transportation in October 2012. Since March 2013, EcoCash is also available as a payment solution for retailers in Zimbabwe
408:
In 2005, Econet developed a mobile payment system to help NGOs make cash transfers to refugees after the
Burundi war. The model was extended and integrated in Econet's technology, along with a credit solution. EcoCash was officially launched in 2011 and is operated by Econet Enterprises. Within 18
430:
In 2014, the listed Econet
Wireless Zimbabwe announced a 14.7% drop in annual profits, from $ 140 million down to $ 119 million. In October 2015, due to dropping profits, following a state regulator-enforced tariff reduction, the company announced a 100-employee layoff to cope with the losses. In
409:
months of its launch, 31% of
Zimbabwe's adult population registered to the service. By November 2017, the service had over 6.7 million registered users, accounting for 80% of adult Zimbabweans or 52% of all citizens.
363:, is a diversified telecommunications group with operations and investments in Africa, Europe, South America and the East Asia Pacific Rim, offering products and services in the core areas of
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Cassava
Technologies: Liquid Intelligent Technologies, ZOL, Transaction Payment Solutions, Africa Data Centres, Sasai Fintech, Cassava Remit, Vaya Technologies, Distributed Power Technologies
133:
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443:(ZSE) and its activities are confined only to the Zimbabwe market. The group is controlled by its founder, Strive Masiyiwa, and is headquartered in
427:
In
October 2014, Econet acquired VimpelCom's Telecel in Burundi (U-COM) and Telecel in the Central African Republic (Telecel RCA) for $ 65 million.
936:
439:
Econet is a privately owned group and is not listed on any stock exchange. One of its subsidiaries, Econet
Wireless Zimbabwe, is listed on the
557:
931:
612:
405:
In 1998, Econet was granted a telephony licence, at a time when 70% of the country inhabitants had never heard a ringtone.
164:
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402:. Initially it was meant to be called "Enhanced Communications Network" but was later abbreviated to Econet.
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676:"EcoCash has processed over $ 23 billion since launch and that's not the only impressive figure"
567:
175:
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809:
785:
703:
390:
The group's subsidiaries include Econet
Wireless, Cassava Technologies and Cassava Smartech.
451:. The holding company of the Econet Group, Econet Global Ltd, is registered in Mauritius.
8:
502:
EcoFarmer, EcoSure and Moovah - Zimbabwean mobile-phone-based insurance service providers
52:
780:
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268:
103:
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57:
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20:
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644:"Zimbabwe's Econet Wireless and the making of Africa's first cashless society"
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424:(ZSE), were delisted when it became a wholly owned subsidiary of Econet.
31:
613:"'Africa is not going to be left behind or outside the data revolution'"
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283:
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In
February 2013, Econet acquired a controlling interest in the then
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242:
24:
754:"Zimbabwe's Econet Wireless says full-year profit down 15 percent"
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16:
Zimbabwean telecommunications group headquartered in South Africa
416:, one of the local commercial banks in Zimbabwe, and renamed it
891:
335:
251:
420:. The bank, whose shares were previously listed on the
558:"Profile: Econet Wireless Zimbabwe Limited (ECO.ZI)"
732:"Econet Global buys Telecel East Africa operations"
50:It has been suggested that this article should be
927:Telecommunications companies established in 1993
898:
839:"Econet declares whopping $ 15 million dividend"
912:Companies listed on the Zimbabwe Stock Exchange
729:
778:
611:Isha Sesay, and Chris Borg (20 August 2015).
862:"Who is Econet Global? What are they up to?"
734:. United Kingdom: New Zimbabwe Media Limited
19:Not to be confused with EcoNet Wireless, an
922:Telecommunications companies of New Zealand
917:Companies in the Zimbabwe Industrial Index
836:
610:
398:Econet was created in 1993 in Zimbabwe by
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942:Zimbabwean companies established in 1993
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807:
696:
673:
505:Ruzivo Digital Learning - a Zimbabwean
937:Internet service providers of Zimbabwe
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860:Zengeni, Happiness (20 January 2017).
853:
830:
699:"Zimbabwe: TN Bank to Delist From ZSE"
669:
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637:
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243:Group Founder & Executive Chairman
674:Sengere, Leonard (10 November 2017).
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566:. Reuters. 9 May 2018. Archived from
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730:Newzimbabwe.com (18 February 2018).
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808:Kazunga, Oliver (16 October 2015).
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697:Sibanda, Golden (7 February 2013).
664:
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538:from the original on 7 August 2023
14:
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779:Staff Reporter (7 October 2015).
252:Group Managing Director & CEO
837:Kachembere, John (2 June 2015).
810:"Econet profits drop 52 percent"
532:"Econet Wireless Employee Count"
312:
311:
80:
41:
932:1993 establishments in Zimbabwe
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348:Footnotes / references
642:Leach, Anna (18 August 2014).
524:
486:- a Zimbabwean commercial bank
137:Inspired to change your world!
34:, Zimbabwean telecom operator.
1:
781:"Econet Wireless to retrench"
518:
465:Econet Wireless South Africa
434:
7:
187:; 31 years ago
93:to comply with Knowledge's
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841:. Harare: Nehandaradio.com
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167:(Zimbabwe subsidiary only)
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56:into multiple articles. (
815:The Chronicle (Zimbabwe)
461:Econet Wireless Zimbabwe
106:may contain suggestions.
91:may need to be rewritten
30:Not to be confused with
678:. Harare: Techzim.co.zw
441:Zimbabwe Stock Exchange
422:Zimbabwe Stock Exchange
907:Black-owned businesses
468:Econet Telecom Lesotho
359:, officially known as
867:The Herald (Zimbabwe)
786:The Financial Gazette
704:The Herald (Zimbabwe)
495:Ownai - a Zimbabwean
474:Econet Leo (Burundi)
316:US$ 3 billion (2011)
322:Number of employees
127:
617:Cable News Network
480:Cassava Smartech:
269:Telecommunications
125:
534:. 7 August 2023.
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274:Internet services
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95:quality standards
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590:"About Econet"
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570:on 12 May 2018
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112:December 2023
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65:December 2023
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872:. Retrieved
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843:. Retrieved
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820:. Retrieved
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791:. Retrieved
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762:. Retrieved
760:. 5 May 2014
748:
736:. Retrieved
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680:. Retrieved
654:. Retrieved
649:The Guardian
647:
620:. Retrieved
606:
594:. Retrieved
584:
572:. Retrieved
568:the original
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552:
540:. Retrieved
526:
484:Steward Bank
455:Subsidiaries
449:South Africa
445:Johannesburg
438:
429:
426:
418:Steward Bank
411:
407:
404:
397:
389:
361:Econet Group
360:
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279:Solar energy
204:Johannesburg
200:Headquarters
176:Conglomerate
143:Company type
122:
109:
100:You can help
90:
62:
51:
758:Reuters.com
615:. Atlanta:
326:2209 (2023)
224:Australasia
212:Area served
901:Categories
818:. Bulawayo
596:15 January
519:References
510:e-learning
507:zero-rated
497:e-commerce
371:services,
284:E-commerce
230:Key people
23:line from
435:The group
377:satellite
373:broadband
289:Education
222:East Asia
155:Traded as
104:talk page
870:. Harare
789:. Harare
711:. Harare
652:. London
542:7 August
536:Archived
499:service.
262:Products
172:Industry
25:MediaTek
512:service
490:EcoCash
394:History
331:Website
308:Revenue
299:Banking
190: (
182:Founded
163::
147:Private
58:discuss
874:11 May
845:11 May
822:11 May
793:11 May
764:11 May
738:11 May
715:11 May
682:11 May
656:11 May
622:11 May
574:11 May
365:mobile
357:Econet
218:Europe
216:Africa
126:Econet
102:. The
53:split
876:2018
847:2018
824:2018
795:2018
766:2018
740:2018
717:2018
706:via
684:2018
658:2018
624:2018
598:2022
576:2018
544:2023
367:and
340:.com
192:1993
185:1993
336:www
165:ECO
161:ZSE
60:)
21:SoC
903::
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