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
