Despite the compelling value proposition that mobile money offers, the Reserve Bank of Zimbabwe recently placed significant regulatory restrictions on its operation.
Econet Wireless on Monday sought a court order to suspend a police warrant seeking information on its transactions because this would violate the privacy of the company and millions of its subscribers.
Norman Moyo, CEO of Econet Group-owned Distributed Power Africa, believes Africa can solve its power supply woes by unleashing the private sector in the same way as has happened in telecommunications.
Strive Masiyiwa, the Zimbabwean telecommunications tycoon, has launched an appeal for help for Sudan and Zimbabwe to fight the coronavirus outbreak.
Econet Global, owned by Zimbabwean billionaire Strive Masiyiwa, is keen to acquire a telecommunications licence in Ethiopia, which is opening up the industry to foreign investment for the first time.