Tuesday, July 14Always On-point
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Econet is down!

Econet is down!

Breaking News, Social Media, Telecomms
Econet is down countrywide, according to ZimLive the outage happened as early as 5pm this afternoon. This outage is affecting calls, mobile data, and airtime purchases. ZimLive also tweeted a response they got from Econet regarding the nationwide outage “We are currently experiencing a technical challenge on our core network switch, which has affected voice and data service delivery across many parts of our network. Our engineers have identified and isolated the problems, and are busy working to resolve the issue.” NOTICE TO CUSTOMERS To our Valued Customers We regret to inform you that we are currently experiencing a technical challenge on our core network switch, which has affected voice and data service delivery across many parts of our network. Our engineers h
Electricity tariff increase looms

Electricity tariff increase looms

Breaking News, News
The Zimbabwe Energy Regulatory Authority (ZERA) is assessing an application for an electricity tariff increase that was recently lodged by the Zimbabwe Electricity Transmission and Distribution Company (ZETDC). Speaking to The Herald on the sidelines of the commissioning ceremony of Chijawi Primary and Secondary schools’ electrification project in Hurungwe district, which was officiated by Energy and Power Development Minister Fortune Chasi, ZERA chief executive Mr Eddington Mazambani said they wanted to ensure a balance between affordability on the part of consumers and ZETDC’s viability. “Tariff increases are not granted easily, we will conduct an extensive interrogation and scrutinisation of the proposed tariffs to ensure that they are justified.” Mr Mazambani said their assess
90MW solar plant set for Chiredzi

90MW solar plant set for Chiredzi

Breaking News, News
A local consortium, Triangle Solar System (TSS), is set to build a 90MW solar plant in Chiredzi at a cost of nearly US$90 million after the project was approved by the Zimbabwe Energy Regulatory Authority (ZERA). TSS, led by businessman Mr Paradzai Chakona, was granted a generation licence on May 22 this year and will invest US$88,1 million to develop and construct a 90MW solar electricity generation plant, about 12km west of Triangle. The project would probably be one of the largest single investment by a local company in the province since independence, which will create over 300 jobs, said Mr Chakona, who is also a Member of Parliament for Zaka Central constituency. Zimbabwe is currently facing a shortage of electricity due to generation shortfalls and imports a significant a...
Vaya Africa launches electric vehicle

Vaya Africa launches electric vehicle

Applications, Breaking News, Jobs, News, Start Ups
    Business Reporter Vaya Africa has launched an electric vehicle service in Zimbabwe as part of the company’s roll-out strategy across Africa. “We are excited to launch the ‘VAYA Electric’ vehicle today  (yesterday) as we start our journey of deploying innovative ways of harnessing clean, renewable energy to provide safe and convenient transportation services to the public on the African continent,” said Mrs Dorothy Zimuto, the CEO of Vaya Mobility in Harare yesterday. She said VAYA Africa plans to roll out the VAYA Electric vehicle in West and East Africa soon, saying the vehicles would include a range of multi-purpose cars. “Our e-vehicle fleet will include passenger vehicles, motorbikes, vans, buses and dump trucks, all utilising our VAYA hail ridi
Both EcoCash And RBZ Are NOT Being 100% Sincere And Truthful

Both EcoCash And RBZ Are NOT Being 100% Sincere And Truthful

Breaking News, FinTech, Mobile Money, News, Security
Posted Sat 09 May 2020 by Tinashe Nyahasha (@tnyahasha) The fight between EcoCash and their regulator, the Reserve Bank of Zimbabwe is revealing if nothing more. Of course the current episode started with a directive from RBZ instructing EcoCash to freeze agent accounts that transact above ZW$100,000. EcoCash went to court seeking an urgent reversal, the RBZ responded and now we are here. Reading the EcoCash lines and between them The Econet group knows how to play in two arenas very well: the arena of the courtroom and the arena of public opinion. When EcoCash was served with the directive they didn’t hesitate to indite RBZ in the public opinion courtroom. They presented their issue: 11 million EcoCash mentions 11 million customers in the above notice to the public and se

Retailers defy price control directive

Breaking News, News
MAJOR retailers throughout the country have defied a government price control directive issued last week and instead hiked the prices beyond the reach of many impoverished Zimbabweans, a snap survey by NewsDay has revealed. Vice-President Kembo Mohadi last week ordered retailers to revert to the pricing level obtaining on March 25 as part of measures to cushion consumers against the harsh economic environment. The cost of most basic goods shot through the roof end of last month after President Emmerson Mnangagwa announced the national lockdown to control the spread of the coronavirus. Ad by Valueimpression The price control measure was widely criticised by economists who warned that it would lead suppliers to starve retail outlets and supply parallel market dealers. A survey ...

South African to be hit by a hike in electricity tariffs

Breaking News, News, What's Hot
Consumers can brace themselves for another hike in electricity tariffs. Eskom announced in a statement on Saturday that the National Energy Regulator of SA (Nersa) had approved tariff increases. "On 9 March 2020, Nersa approved Eskom's allowable revenue from standard tariff customers to be 8.76% which will be implemented on 1 April 2020 for Eskom direct customers and 6.90% for municipalities which will be implemented on 1 July 2020," the electricity provider said. Eskom had submitted a revised tariff hike request to Nersa in February. The power utility said recently that though the low electricity demand during the lockdown gives it an opportunity to maintain its power stations, the lower usage also has negative financial implications. "While this gives Eskom a much-needed...

South African to be hit by a hike in electricity tariffs

Breaking News, News, What's Hot
Consumers can brace themselves for another hike in electricity tariffs. Eskom announced in a statement on Saturday that the National Energy Regulator of SA (Nersa) had approved tariff increases. "On 9 March 2020, Nersa approved Eskom's allowable revenue from standard tariff customers to be 8.76% which will be implemented on 1 April 2020 for Eskom direct customers and 6.90% for municipalities which will be implemented on 1 July 2020," the electricity provider said. Eskom had submitted a revised tariff hike request to Nersa in February. The power utility said recently that though the low electricity demand during the lockdown gives it an opportunity to maintain its power stations, the lower usage also has negative financial implications. "While this gives Eskom a much-needed...

Has Zimbabwe Made U-turn on Bitcoin? Cryptopreneurs Still Skeptical

Breaking News, FinTech, Mobile Money
Despite the Reserve Bank of Zimbabwe (RBZ) said that it will create a regulatory sandbox for crypto entrepreneurs, local industry players warned not to get too excited and urged to wait for results. In March, the bank announced that it has started drafting a policy framework. “The framework, which is a regulatory sandbox, will be assessing the cryptocurrency companies as to how they are going to operate,” Chronicle reported back then, citing Josephat Mutepfa, Deputy Director of Financial Markets and National Payment Systems at the RBZ. Also in March, American company Apollo Fintech signed a memorandum of agreement with government-owned CBZ to “develop and operate 3 national solutions” and one of them is a gold-backed stablecoin. However, some local crypto industry players are s
Zim Now Has $25m For Space Satellite Centre

Zim Now Has $25m For Space Satellite Centre

Breaking News, Gizmos, Media, Security, What's Hot
When the National Budget was announced last November, the proposed setting aside of resources for the launch of a satellite raised a lot of eyebrows. Whilst there wasn’t much in the way of updates, the Minister of Higher & Tertiary Education, Innovation Science and Technology Prof. Amon Murwira recently confirmed that TelOne’s Satellite Centre is set for a $25 million upgrade; We hope that as we start the next quarter, work will have begun. The work will be done by staff from our ministry. More than $25 million has been allocated to us for the setting up of infrastructure at the centre in Mazowe. Prof Amon Murwira Why satellites? One of the biggest questions raised at the time was whether or not the money that would be invested in this