EcoCash Mobile Money Scam in Zimbabwe: Zimbabwean police have arrested 11 suspects in connection with a sophisticated mobile money fraud operation that targeted EcoCash users and merchants, in a case that has drawn attention to the growing risks surrounding digital financial services across Africa. The EcoCash scam in Zimbabwe involved coordinated manipulation of mobile money...
InfraCo US$1 Billion valuation. Econet Sets InfraCo on a New Path With a US$1 Billion Valuation Econet Wireless Zimbabwe has taken a major step in reshaping its business by placing a US$1 billion value on its infrastructure unit, Econet InfraCo, ahead of a planned listing on the Victoria Falls Stock Exchange. The move signals a...
Econet InfraCo industrial park Zimbabwe has struggled for decades with a familiar problem. Investors are willing to consider the country, but weak infrastructure, unreliable power, and high setup costs often kill projects before they begin. Econet Group, led by billionaire entrepreneur Strive Masiyiwa, is now attempting to address that problem head-on through the planned Econet...