Econet defies ZSE, says EGM to go ahead

HARARE, February 2 (The Source) – Econet Wireless says its extraordinary general meeting to consider a proposed $130 million capital raise will go ahead as planned on Friday, setting itself on a collision course with the Zimbabwe Stock Exchange which directed the company to postpone… Read More

ZSE orders Econet to postpone EGM

HARARE, Feb 1 (The Source) – Econet Wireless Zimbabwe’s extraordinary general meeting, slated for Friday to consider a proposed $130 million capital raise, has been postponed indefinitely, the Zimbabwe Stock Exchange (ZSE) has said. Econet’s capital call has generated some controversy largely due to its… Read More

Public outrage forces Potraz data tariff reversal

HARARE, January 13 (The Source) – The Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) has cancelled its directive compelling mobile telephone network operators to increase prices for internet access after a public outcry. On Monday, the telecommunications regulator announced a minimum price of 2… Read More

Econet H1 profit down 37 percent

HARARE, October 31 (The Source) – Zimbabwe’s largest telecommunications company, Econet Wireless, has reported a 37 percent decline in after-tax profit in the half year ended 31 August 2016, as revenues continue to decrease in a worsening economy. In results released on Monday, Econet said… Read More

Zim telcos raise $20mln for ICT fund

HARARE, July 27 (The Source) – Government says telecommunication companies have contributed over $20 million to a mooted ICT Youth Innovation Fund to provide seed capital to local start-up techies. The fund is a collaborative effort between the ICT ministry, the regulator Postal and Regulatory… Read More