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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

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

Econet turns to shareholders to redeem debentures

EHZL added that TN Asset Management (Private) Limited entered into an underwriting agreement with the company to underwrite the US$18 million.
By Tatira Zwinoira Apr. 30, 2023

Large turnout at Econet’s eye-catching ZITF stand

Ahead of the ZITF, Econet’s Group Chief Executive Officer, Dr Douglas Mboweni said the company was excited to be participating at this year’s Trade Fair.
By Staff Reporters Apr. 26, 2023

EcoCash seeks to raise US$30,3m to settle external loans

The EcoCash debentures stem from a US$128 million capital raise exercise in 2017, about half of which were debentures
By Mthandazo Nyoni Apr. 14, 2023