Zimbabwe’s president has picked a fight with the country’s most successful businessman. The economy may be the loser.
Browsing: Douglas Mboweni
Zimbabwe’s Econet Wireless will shut its African pay-television unit due to the country’s economic condition and shortage of foreign currency, group CEO Douglas Mboweni said.
Zimbabwe’s biggest mobile operator, Econet Wireless, is set to get at least US$300m from China Development Bank and ZTE. The loan agreement was announced in South Africa, during Chinese President Xi Jinping’s visit. In a press
Could Zimbabwe be the next big investment opportunity for emerging markets-focused telecommunications operators? A new report from Renaissance Capital suggests it might be
Zimbabwe cellphone subscribers have increased four-fold since a unity government took office last year, but local firms say they battle to attract investors who worry the political truce won’t last. In 2008, when the local currency was ravaged by world-record hyperinflation, Sim cards were selling for up to US$220 — not including a phone.
Zimbabwe’s largest mobile operator, Econet Wireless, has secured a US$60m loan facility from Swedish export credit agency EKN to expand its infrastructure, the firm said Wednesday. The loan would see Swedish telecommunications equipment supplier Ericsson installing additional equipment to expand Econet’s infrastructure in the capital Harare, the company’s largest subscriber base.