Zimbabwe telecoms’ ongoing fight for forex
Operators urgently require foreign currency to strengthen capacity to procure raw and packaging materials.
Stanley Karombo
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1:40
Econet’s Strive Masiyiwa now worth US$2.7bn
A 750% surge in Econet shares boosts entrepreneur’s net worth, according to Forbes report.
1:50
Vandalism piles on pressure for Zimbabwe’s telcos
Econet issues trading update and outlines challenges facing the industry.
1:20
Streaming services offer a lifeline to Zimbabwe’s struggling musicians
Services like Buddie Beatz and Gateway Music App offer revenue opportunity.
1:20
Econet’s network takes strain as forex shortage hits hard
Data and voice traffic volumes on company’s network have increased by 77% and 25% respectively during Q1 this year.
1:20
Zimbabwe banks fine-tune digital offerings as branches close
Banks seek to boost digital banking with zero-rated online and application platforms.
2:10
Zimbabwe’s Econet Wireless hikes tariffs
Company said adjustments are in response to inflation, local currency devaluation and increasing network input costs.
2:30
Data and optimised CRM balances out loss in earnings for Econet
Company expands digital customer management platforms amid COVID restrictions, limited access to Forex and power supply challenges.
2:30
Economically beleaguered Zimbabwe companies opt to skip #BlackFriday
Tech companies among those confirming decision to avoid promotional offerings.
2:20
Foreign currency respite for Zim telecommunication companies
Government introduces auction-based exchange rate regime as part of currency reforms.
2:30
Drop in subscriber numbers leaves Zim telcos scrambling
Companies may have to ramp up promotional activities as consumers continue to feel the economic pinch.
1:40
Econet asks suppliers to take 20% pay cut
Telecommunications firm appeals to suppliers to help it navigate tough operating conditions.