Econet Wireless Zimbabwe (EZW) Plans to Spin off Cassava.
ECONET Wireless Zimbabwe subsidiary, Cassava, has launched its new ride-hailing service application called Vaya Lift in Bulawayo that offers convenient, affordable and safe transportation.
The country’s largest telecommunications company, Econet Wireless Zimbabwe (EWZ)’s new stand-alone unit Cassava, born out the unbundling financial technology (fintech) businesses to be listed separately on the Zimbabwe Stock Exchange, is set to become one of the biggest companies in Zimbabwe. Cassava Group Chief Executive Darlington Mandivenga said the company may not yet be a household.
Cassava Losses in Cassava Smartech and Econet Wireless following results which fell below expectations saw the stock market slide further into negative territory at the start of July trades. This comes as Finance Minister Mthuli Ncube said that the rise in interest rates to above 50% was a temporary measure meant to close the taps on corporates who were borrowing cheaply to buy foreign.
Cassava group chief executive Darlington Mandivenga said the company may not yet be a household name in Zimbabwe, but will over the next few weeks become one of the largest companies in the country. The company is be best known through its numerous brands that for years have been part of Econet’s Wireless products and services, but is now set to emerge as a stand-alone fintech company, Mr.
The Herald Herald BusinessZimbabwe Stock Exchange Listed entity, Cassava Smartech Zimbabwe Limited (CSZL), which has business interests in mobile money.
ECONET Wireless Zimbabwe (EWZ)’s new stand-alone unit Cassava, born out the unbundling financial technology (fintech) businesses to be listed separately on the Zimbabwe Stock Exchange, is set to.
Cassava Smartech is also Zimbabwe’s largest job creator, providing over 100,000 jobs indirectly. Cassava Smartech Becomes Zimbabwe’s Largest Company. According to Strive Masiyiwa, founder and CEO of Econet, the decision to list Cassava Smartech is based on the fact that the company has actually operated independently of EWZ.