Browsing: Econet

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Altech offloads East Africa operations

JSE-listed technology group Altech is selling its troubled East African businesses in a complex deal which will see fibre-optic telecommunications specialist Liquid Telecom taking over the assets. As part of the transaction, Altech will take an 8,6% stake in Liquid, which operates

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Kenya to tax M-Pesa transactions

M-Pesa, which has more than 14m subscribers in Kenya, could be forced to increase transaction costs by 10% as East African nation’s treasury looks to impose a levy on transactions made using the mobile money transfer service. Though Kenya’s treasury says it expects mobile

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Zim’s Econet forced to reconnect NetOne

After switching off interconnection with state-owned mobile operator NetOne, Zimbabwe’s largest mobile operator, Econet Wireless, has been forced to reverse its decision by the Southern African country’s high court. Econet claims it is owed US$20m by its rival. Econet cut links with its rival last Thursday, claiming NetOne had

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Econet to launch prepaid home ‘power station’

Econet Solar, a subsidiary of African mobile phone operator Econet Wireless, has launched a prepaid solar-powered home power station that it believes could have a meaningful impact on people’s lives on a continent where an estimated 70% of people not have access to a

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Econet to pump $60m into Zim expansion

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.

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