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Wed,22Nov2017

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Zimbabwe's Econet cuts 100 jobs, cites declining revenue

Zimbabwe's largest mobile operator Econet Wireless said on Thursday it would immediately cut 100 jobs, citing a decline in revenue after the national telecoms regulator reduced tariffs charged by operators in January.

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Telecoms: Econet Zimbabwe's CEO on why its revenues are bucking the trend

Douglas Mboweni, chief executive of Econet Wireless Zimbabwe, on the mobile phone company's rising profits and the early success of its new EcoCash mobile money service.

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Zimbabwe mobile phone race: Winners and losers

SIM cards, once sold at US$150 are now readily available for as low as US$1 in Zimbabwe/Photo/ReutersMobile usage is Zimbabwe rose to 75% in 2011 from 67.5% the previous year but the sole fixed line operator TelOne lost 50,000 subscribers.

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Mobile money craze hits Zimbabwe

photo/reutersMobile banking has finally caught up with Zimbabwe with financial institutions now scrambling to lure customers with various products.

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New mobile operator to launch in Zimbabwe in June

Spiritage, a new fully-owned Zimbabwean telecoms operator, is set to launch in Zimbabwe by the end of June after investing $25m in a data and voice network.

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Businesses that weathered the storm

Industrialists are a bullish breed and believe Zimbabwe will quickly regain its role as second largest economy in Southern Africa.

 

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