Mnangagwa in Fight With Zimbabwe Billionaire Over Economic Crash
Under pressure from a plunging currency and a worsening economic crisis, President Emmerson Mnangagwa's government restricted almost all mobile-money transactions in a country where 90% of commerce is conducted on phones because of cash shortages. Now the police have accused Strive Masiyiwa's Econet Wireless Zimbabwe, which dominates mobile-cash transfers, of money laundering.
The government says it needs to investigate "malpractices, criminality and economic sabotage" activities on the stock exchange and mobile money services. Zimbabwe has struggled to ... Read more »
Strive and Tsitsi Masiyiwa, through their Higher Life Foundation, have set up a fund which will see up to 2,000 government doctors getting $5 000 (U.S.$310) each on top of what ... Read more »
The Founder of Econet Global, Strive Masiyiwa and his wife Tsitsi Masiyiwa, have pledged U.S.$100 million to fund "rural businesses and other entrepreneurs focusing on rural areas" ... Read more »
When Econet founder Strive Masiyiwa endorsed President Emmerson Mnangagwa's government, saying he believed the Zanu-PF leader was sincere and that sanctions must go, he angered ... Read more »
According to the US-based business magazine, Masiyiwa becomes Zimbabwe's first billionaire and the country's only representative on its list of Africa's super rich. Read more »
Econet Wireless offices in Harare.