Tag: Ecocash
Cassava sees improvement in Q3 as Ecocash revenue rises 29%
Reason Razao
Cassava Smartech says it has begun to see improvements in its operations in the third quarter owing to relative slow-down in the downward...
Sub-inflation revenue growth for Cassava as Ecocash contribution declines
HARARE – (FinX) Cassava Smartech reported a below inflation revenue growth in the six months to August weighed down by reduced contribution of its...
High Court dismisses Ecocash attempt to interdict RBZ
Farai Mabeza
The High Court has dismissed with costs Ecocash’s application by Ecocash seeking an interdict against a Reserve Bank of Zimbabwe directive to suspend...
RBZ charges Ecocash directors for money laundering violations
Farai Mabeza
HARARE - The Reserve Bank of Zimbabwe’s Financial Intelligence Unit (FIU) has brought charges under the Money Laundering and Proceeds of Crime Act...
RBZ directs Steward Bank to limit payments into Ecocash Trust account
Farai Mabeza
The Reserve Bank of Zimbabwe has ordered Steward Bank to limits payments into the Ecocash Mobile Money Trust accounts from third parties to...
Ecocash a Ponzi scheme says RBZ, has agents overdraft of ZW$39m
HARARE – Ecocash, a subsidiary of ZSE-listed Cassava Smartech, is engaging in shadow banking and is a Ponzi scheme that is creating fictitious money...
