Saturday, March 23Always On-point

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Econet Pledges to Match Dollar-For-Dollar On All Contributions Made Towards Cyclone Idai Relief Fund

Econet Pledges to Match Dollar-For-Dollar On All Contributions Made Towards Cyclone Idai Relief Fund

Breaking News, News, What's Hot
Thanks Econet As always Econet is already leading the way again in raising money for Cyclone Idai relief efforts. The Mobile Network Operator is daring you to donate any amount you can and Econet will in return contribute the exact amount. That is, if 1000 people contribute $100 000, Econet will also contribute $100 000 (Click here to find out how you make your donation using EcoCash and other means). Thank you to 1027 people who have contributed RTGS$8,658.10 towards #cycloneidai. As part of our commitment, Econet will match dollar for dollar all individual contributions made towards this cause.--techzim
Netone Pledges $50K To Cyclone Idai Fund- Here’s Also How To Make Your Own Donation Using OneMoney

Netone Pledges $50K To Cyclone Idai Fund- Here’s Also How To Make Your Own Donation Using OneMoney

Breaking News, News, Telecomms
Thanks Netone Netone is another Mobile Network Operator that has decided to set up a relief fund for the Cyclone Idai disaster. Netone has led the way by pledging $50 000 for the purchase of food to provide to those areas heavily affected by the cyclone. You can make a donation to the fund using Netone’s mobile money platform, OneMoney. --techzim
Standard Bank Closing 91 Branches, The Robots Are Here To Take Our Jobs!

Standard Bank Closing 91 Branches, The Robots Are Here To Take Our Jobs!

Applications, Breaking News, FinTech, Jobs, News, Security, What's Hot
Dramatic title aside, automation has been a very touchy subject over the past few years and recent developments at Standard Bank SA won’t do anything to halt people’s animosity towards the digital transition the world is going through right now. The bank has announced that they will be closing off 91 branches and this is expected to affect 1200 jobs. Why? Well, put simply the bank has said they are revising their business model and because similar measures were taken in Zimbabwe last year (though not at a similar scale), this doesn’t come as too much of a surprise. Standard Bank had the following to say about this move: As part of the implementation of the new banking delivery model, some of the roles currently being performed in our branches will change. These changes will impact ap

ZOL Says Prices Have Not Changed, Mangudya And Mathematics Say ZOL Prices Have Increased

News, Telecomms
Today ZOL had the most interesting announcement of a price increase ever. Their announcement started thus: Dear valued ZOL customer Zol is excited to announce the increase of data to all capped packages as of 1 April 2019. This effectively decreases the price of data per GB. ZOL understands that data is crucial to you and believes that this will enable you to get the best out of your usage and gain even more value. The actual announcement of the price increase came later as a ‘by the way.’ We would also like to advise you of a price alignment which will take effect from 1 April… They go on to explain that this is not an increase in prices but just an adjustment to reflect the recently announced monetary policy which introduced the RTGS$. ZOL then explicitly sai
Econet Explains What Happened to Their Network On Monday: Something Happened In Masvingo

Econet Explains What Happened to Their Network On Monday: Something Happened In Masvingo

Media, Mobile Money, News, Security
Most of the day on Monday a lot of Econet subscribers could not make calls, send SMS messages, check their balance and worse could not use the USSD platform to perform EcoCash transactions. According to the Herald, Econet issued a statement last night explaining what happened. Well unless the Herald skimmed off the actual explanation, none was given really. None that makes sense anyway. They just told us what we went through: The Herald says: In a statement released last night, the mobile giant said the fault initially resulted in call failures in the Masvingo region only, but later escalated to a nation-wide problem following an abnormal surge in traffic, which led to instability on its key network systems. Wait, what did you say exactly? There was a nation
Record $200m share trade was just Strive doing some ‘housekeeping’

Record $200m share trade was just Strive doing some ‘housekeeping’

Breaking News, News, What's Hot
It was the largest one-day transaction ever seen on the Zimbabwe Stock Exchange; $217 million worth of stock in two of the market’s biggest firms, Econet and its spinoff Cassava. In a special bargain on Tuesday, 81,053,746 shares were traded at 147.75c at a value of $119.76 million. Some 66,298,299 Cassava shares also traded at 147.75c for $97.82 million. The two trades pushed daily turnover to $222.5 million, the highest on record. This obviously kicked up a lot of speculation; was there a mystery buyer? Was it to do with some shareholder dispute over Cassava? Was someone making a clean break ahead of the monetary policy statement? The market always loves a good rumour, especially now. But Econet founder Strive Masiyiwa quickly poured water on any talk that there was more to t
Vaya Will Soon Give Farmers The Option To Lease Out Tractors

Vaya Will Soon Give Farmers The Option To Lease Out Tractors

Applications, Jobs, News
You may be one of the subscribers that received a message from Vaya that read: Do you own a Tractor? Want to make money leasing out your excess capacity? Do not be left behind. Call 144 to register & be part of the agricultural revolution. Though that message is being sent from EcoFarmer, it seems the initiative is actually originating from Vaya. By the next planting season, Vaya wants to be the one providing tractors to farmers across the country. According to Cassava SmarTech CEO, Mr Eddie Chibi, the company plans to register more than 10 00 tractors from the national fleet of more than 15 000 tractors. How will this work? Vaya will actually offer a Tractor App and this is what will enable farmers to make their tractors available when they aren’t using them. Though the costs of
ZESA promises to cut the middle man

ZESA promises to cut the middle man

Jobs, News
According to the Herald, ZESA amended the project last year so as to exclude local players. Most of the equipment would be imported anyway which would mean local players would simply add to the cost (zino). This is after Intratrek, despite failing miserably to deliver the solar power plant, had jointly won the Gairezi bid with two other Indian firms back in 2015 when the tender was floated. According to Zesa spokesman Fullard Gwasira: The contract with the local partner was terminated last year and we are dealing with the supplier directly in line with interest of delivering a least cost project to the people of Zimbabwe. Lessons were also learnt from previous experience (on) the benefits of dealing directly with actual supplier. The project progress so far…Don’t hold your brea
Econet’s Cassava Now Third Most Valuable Company In Zim at US$3.8 billion

Econet’s Cassava Now Third Most Valuable Company In Zim at US$3.8 billion

News
Econet Wireless Zimbabwe has beaten its own record registering its new arm into the top three most valuable companies in ZImbabwe. Cassava SmarTechZimbabwe after disbanding from Econet Wireless has made history on 18 December 2018 when it debuted in the market at a price of $1,50 per share, valuing the company at $3,8bn. It immediately became Zimbabwe’s third most valuable company after Delta and Econet Wireless (its now telecoms only, sister company). CassavaSmartech is essentially a technology platforms business, that uses the mobile network to deliver services in almost every sector of the economy including financial services, health, agriculture, media, transport and logistics, and education. By any measure this is easily the largest public listing in Zimbabwe’s history, and
Tech Firm Rolls Out Fuel Management System

Tech Firm Rolls Out Fuel Management System

Applications, News, Start Ups
A FUEL solutions technology company, Garage and Forecourt (Pvt) Ltd, is rolling out an ICT based fuel management system that it argues might be panacea to manual and less accurate fuel gauging and management currently dogging service stations. According to managing director Omalli Jani, the new system replaces convectional dipsticks used to measure product levels at service stations and indications are fuel attendants will be unable to falsify fuel levels in tanks. The system, Mr Jani said, has fuel attendant tagging that monitors sales done regardless of the pump used and has automatic tank gauging that monitors product level in the tank in the same fashion a fuel tank gauge works. It also gives alarm signal if the product is contaminated with water to prevent customers from using i...
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