Econet, EcoCash seek to raise US$60m to redeem debentures
Global Renaissance Investments chief executive officer, Ngoni Dzirutwe, said Econet shareholders have nothing to fear as the company’s underlying business is on a growth path.
By Elma Zhoya
Jun. 9, 2023
Uneconomical tariffs, exchange losses weigh down Econet
Revenue rose to $339,16 billion during the period under from a 2022 comparative of $282,15 billion.
By Staff Reporter
Jun. 2, 2023
EcoCash hit by monetary exchange losses
With these funds, EHZL will use this to facilitate the redemption of its remaining debentures that matured that in April.
By Tatira Zwinoira
Jun. 2, 2023
EcoCash posts $4,76bn loss
EHZL, a mobile money services provider, together with sister company Econet Wireless Zimbabwe , in April announced their failure to raise enough forex to redeem their remaining debentures.
By Tatira Zwinoira
Jun. 2, 2023
Low tariffs chew into Econet earnings
While the local currency took a battering, EWZ was unable to raise tariffs, its main source of revenue, in line with the depreciation leading to massive exchange losses for the firm.
By Tatira Zwinoira
Jun. 1, 2023
Zim, SA telcos hit hard by worsening energy crisis
But early this week, Econet was forced to issue a statement, apologising to its customers for the network challenges it experienced over five days.
By Business Reporter
May. 23, 2023
Zim and South Africa telcos hit hard by worsening energy crisis in the region
Telecommunication companies have been hit hard by the worsening energy crisis in the southern Africa region, which has seen daily national power grid electricity outages of up to 16 hours.
By Staff Reporter
May. 22, 2023
Econet apologizes over network challenges
Makuni apologised to Econet customers for the challenges.
By Staff Reporter
May. 17, 2023
Econet, EcoCash say normal service restored following network challenges
“Our engineers and vendors (equipment suppliers) worked flat-out to resolve the challenges, which affected voice calls
By Staff Reporter
May. 11, 2023
