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Econet Global
Econet, officially known as Econet Global Ltd, is a diversified telecommunications group with operations and investments in Africa, Europe, South America and the East Asia Pacific Rim, offering products and services in the core areas of mobile and fixed telephony services, broadband, satellite, optical fiber networks and mobile payment. The group's subsidiaries include Econet Wireless, Cassava Technologies and Cassava Smartech. History Econet was created in 1993 in Zimbabwe by Strive Masiyiwa. Initially it was meant to be called "Enhanced Communications Network" but was later abbreviated to Econet. In 1998, Econet was granted a telephony licence, at a time when 70% of the country inhabitants had never heard a ringtone. In 2005, Econet developed a mobile payment system to help NGOs make cash transfers to refugees after the Burundi war. The model was extended and integrated in Econet's technology, along with a credit solution. EcoCash was officially launched in 2011 and is oper ...
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Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Mobile Payment
A mobile payment, also referred to as mobile money, mobile money transfer and mobile wallet, is any of various payment processing services operated under financial regulations and performed from or via a mobile device, as the cardinal class of digital wallet. Instead of paying with cash, cheque, or credit cards, a consumer can use a payment app on a mobile device to pay for a wide range of services and digital or hard goods. Although the concept of using non-coin-based currency systems has a long history, it is only in the 21st century that the technology to support such systems has become widely available. Mobile payments began adoption in Japan in the 2000s and later all over the world in different ways. The first patent exclusively defined "Mobile Payment System" was filed in 2000. In developing countries, mobile payment solutions have been deployed as a means of extending financial services to the community known as the "unbanked" or "underbanked", which is estimated to be ...
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E-commerce
E-commerce (electronic commerce) is the activity of electronically buying or selling of products on online services or over the Internet. E-commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. E-commerce is in turn driven by the technological advances of the semiconductor industry, and is the largest sector of the electronics industry. Defining e-commerce The term was coined and first employed by Dr. Robert Jacobson, Principal Consultant to the California State Assembly's Utilities & Commerce Committee, in the title and text of California's Electronic Commerce Act, carried by the late Committee Chairwoman Gwen Moore (D-L.A.) and enacted in 1984. E-commerce typically uses the web for at least a part of a transaction's life cycle although it may also use other tech ...
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EcoCash
EcoCash, is a mobile phone-based money transfer, financing and microfinancing service, launched in 2011 by Econet Wireless, for its customers in Zimbabwe. The platform has been targeted by the Zimbabwe government. The company's headquarters is in the EcoCash Holdings HQ along Liberation Legacy Road in Borrowdale, a suburb of Harare, the largest city and capital of Zimbabwe. Econet allows users to deposit, withdraw, transfer money and pay for goods and services, including utility bills, from a mobile handset. Users can also buy pre-paid airtime or data bundles for themselves or others. Users can also redeem stored mobile money for cash. A fee for each service is deducted directly from the account stored on the mobile phone and accessed using a PIN. Users can deposit and withdraw money, transfer money to other users, pay bills including water, electricity, cable, satellite and school fees, purchase airtime, and transfer money between the service and a regular bank account. The ...
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South Africa
South Africa, officially the Republic of South Africa (RSA), is the Southern Africa, southernmost country in Africa. It is bounded to the south by of coastline that stretch along the Atlantic Ocean, South Atlantic and Indian Oceans; to the north by the neighbouring countries of Namibia, Botswana, and Zimbabwe; and to the east and northeast by Mozambique and Eswatini. It also completely Enclave and exclave, enclaves the country Lesotho. It is the southernmost country on the mainland of the Old World, and the List of countries and dependencies by population, second-most populous country located entirely south of the equator, after Tanzania. South Africa is a biodiversity hotspot, with unique biomes, plant and animal life. With over Demographics of South Africa, 60 million people, the country is the world's List of countries and dependencies by population, 24th-most populous nation and covers an area of . South Africa has three capital cities, with the executive, judicial and le ...
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The Chronicle (Zimbabwe)
''The Chronicle'' is a popular daily newspaper in Zimbabwe. It is published in Bulawayo and mostly reports on news in the Matebeleland region in the southern part of the country. It is state-owned and therefore usually only publishes news that supports the government and its policies. It also covers stories on national and international news, as well as entertainment, sport, business, travel, job offers and real estate. It was established in 1894 and it was the largest newspaper in the country following '' The Herald''. History ''The Chronicle'' is one of the oldest newspapers in Africa. ''The Chronicle'' was founded by the Argus Company of South Africa on 12 October 1894. The media in Rhodesia catered mostly to the white settlers needs, ignoring the news of interest to native Africans. Like most newspapers, ''The Chronicle'' covered politics, sports and current affairs, however news about the continent of Africa was ignored. News about the African population was seldom publi ...
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The Financial Gazette
''The Financial Gazette'' is a weekly English language newspaper published in Zimbabwe. The paper, established in 1969, focuses on business, finance, and politics throughout Southern Africa. Headquartered in Harare, the paper also maintains a bureau in Bulawayo. Its slogan is "Southern Africa's Leading Business and Financial Newspaper". ''The Financial Gazettes distribution numbered 40,000 copies weekly in 2000, but surveys have placed readership of the printed edition at ten times that number, or 400,000 weekly. The paper's website attracts over one million hits per month, leading the publisher to claim that ''The Financial Gazette'' is Zimbabwe's most widely read newspaper. Operating under the repressive regime of Zimbabwe's President Robert Mugabe, questions have arisen regarding whether ''The Financial Gazette'' is truly independent and able to act as a free press. While once verifiably independent, persistent rumors have circulated that Mugabe's government now owns an ...
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AllAfrica
AllAfrica is a website that aggregates news produced primarily on the African continent about all areas of African life, politics, issues and culture. It is available in both English and French and produced by AllAfrica Global Media, which has offices in Cape Town, Dakar, Lagos, Monrovia, Nairobi, and Washington, D.C. ) , image_skyline = , image_caption = Clockwise from top left: the Washington Monument and Lincoln Memorial on the National Mall, United States Capitol, Logan Circle, Jefferson Memorial, White House, Adams Morgan, ... AllAfrica is the successor to the African News Service. Its stories can be displayed by categories and subcategories such as country, region, and by news topic. In 2008, AllAfrica rolled out a comment board system. The President of AllAfrica Global Media, Amadou Mahtar Ba, is a member of the International Advisory Board of the African Press Organization. References External links * ReliefWeb archives of Al ...
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The Herald (Zimbabwe)
''The Herald'' is a state-owned daily newspaper published in Harare, the capital of Zimbabwe. History Origins The newspaper's origins date back to the 19th century. Its forerunner was launched on 27 June 1891 by William Fairbridge for the Argus group of South Africa. Named the ''Mashonaland Herald and Zambesian Times'', it was a weekly, hand-written news sheet produced using the cyclostyle duplicating process. In October the following year it became a printed newspaper and changed its name to ''The Rhodesia Herald''. The Argus group later set up a subsidiary called the Rhodesian Printing and Publishing Company to run its newspapers in what was then Southern Rhodesia. After the white minority Rhodesian Front government unilaterally declared independence on 11 November 1965, it started censoring ''The Rhodesia Herald''. The newspaper responded by leaving blank spaces where articles had been removed, enabling readers to gauge the extent of the censorship. Post Independence ...
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Zimbabwe Stock Exchange
The Zimbabwe Stock Exchange, or ZSE, is the official stock exchange of Zimbabwe. Its history dates back to 1896 but has only been open to foreign investment since 1993. The exchange has about a dozen members, and currently lists 63 equities. There are two primary indices, the ZSE All Share and the ZSE Top 10. History The first stock exchange in Zimbabwe opened shortly after the arrival of the Pioneer Column in Bulawayo in 1896. However, it only operated for about six years. Other stock exchanges were established in Gwelo (Gweru) and Umtali (Mutare). The Mutare Exchange, also opened in 1896, thrived on the success of local mining, but with the realization that deposits in the area were not extensive, activity declined and it closed in 1924. After World War II, a new exchange was founded in Bulawayo by Alfred Mulock Bentley and dealing started in January 1946. A second floor was opened in Salisbury (Harare) in December 1951 and trading between the two centers took place by tel ...
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Steward Bank
Steward Bank, whose official name is Steward Bank Limited, is a commercial bank in Zimbabwe. It is one of the regulated banking institutions licensed by the Reserve Bank of Zimbabwe, the central bank and national banking regulator. Location The headquarters and main branch of Steward Bank are located at 79 Livingstone Avenue, in Harare, the capital and largest city of Zimbabwe. The geographical coordinates of the bank's headquarters are: 17°49'38.0"S, 31°03'11.0"E (Latitude:-17.827222; Longitude:31.053056). Overview The bank is a medium-sized retail bank in Zimbabwe. , the total asset valuation of the bank was US$226,058,440, with shareholders' equity of US$75,046,584. In November 2013, the shareholders' equity was valued at US$76.9 million, making it one of the top five capitalized banks in the country. History The bank was established in 2013, as a commercial bank. Prior to that, the company had existed as a ''finance house'' since 1999. In 2006, the bank, executed a merg ...
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TN Bank Zimbabwe
Steward Bank, whose official name is Steward Bank Limited, is a commercial bank in Zimbabwe. It is one of the regulated banking institutions licensed by the Reserve Bank of Zimbabwe, the central bank and national banking regulator. Location The headquarters and main branch of Steward Bank are located at 79 Livingstone Avenue, in Harare, the capital and largest city of Zimbabwe. The geographical coordinates of the bank's headquarters are: 17°49'38.0"S, 31°03'11.0"E (Latitude:-17.827222; Longitude:31.053056). Overview The bank is a medium-sized retail bank in Zimbabwe. , the total asset valuation of the bank was US$226,058,440, with shareholders' equity of US$75,046,584. In November 2013, the shareholders' equity was valued at US$76.9 million, making it one of the top five capitalized banks in the country. History The bank was established in 2013, as a commercial bank. Prior to that, the company had existed as a ''finance house'' since 1999. In 2006, the bank, executed a merge ...
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