Depreciating Zimdollar erodes tariff increase benefits: Econet
Last month, the Postal and Telecommunications Regulatory Authority of Zimbabwe increased voice tariffs to US$0,40 per minute and data to US$0,63 per megabyte.
By Tafadzwa Mhlanga
Nov. 24, 2023
Tech shares fall as China mulls child smartphone limits
The proposed law would see children being only allowed to use their phones for a maximum of two hours a day.
By Bbc News
Aug. 5, 2023
Econet, EcoCash announce rights offer
Both firms proposed to convene an extraordinary general meeting to be held on August 7, 2023 to seek shareholders’ approval of the rights offer.
By Mthandazo Nyoni
Jul. 25, 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
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
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
RBZ, Potraz bar bulk airtime purchases
Due to the disparities between the official and parallel forex rates, the gains made by this arbitrage were over 50%.
By Tatira Zwinoira
Oct. 14, 2022
