Econet Wireless Group (EWG) News

Africa's Liquid Telecom raises $700m in bond and term-loan issue

Africa's Liquid Telecom raises $700m in bond and term-loan issue

Liquid Telecom, an unlisted pan-African telecoms group, has raised $700m in a bond and term-loan issue that will help it refinance debt and provide a war chest for further acquisitions.

Strive Masiyiwa, Founder & Chairman, Econet Wireless Group

Zimbabwean billionaire Strive Masiyiwa's Econet appoints former Vodafone executive to run its Neotel unit

Zimbabwean billionaire Strive Masiyiwa’s Econet Wireless Global Ltd. unit Liquid Telecom has appointed former Vodafone Group Plc executive Kyle Whitehill to head up South African internet provider Neotel and oversee the company’s expansion plans.

Nic Rudnick, CEO, Liquid Telecom

Pan-African Liquid Telecom Group has completed the $500M purchase of South Africa's Neotel

South African communications network operator Neotel has officially become part of the pan-African telecoms group Liquid Telecom.

Strive Masiyiwa, Founder & Chairman, Econet Wireless Group

Strive Masiyiwa builds broadcast empire to challenge MultiChoice

Econet Group is building a broadcasting empire that could challenge MultiChoice’s dominance in the payTV market across the continent.

Bob van Dijk, CEO, Naspers

Africa's most valuable company Naspers worth less than what it owns (Infographics)

Fifteen years ago, a South African media company invested $34 million in an obscure Chinese Internet developer. Today that stake is worth $88 billion.

Billionaire Strive Masiyiwa is the owner of Kwesé TV

Billionaire Strive Masiyiwa's Kwesé TV has signed deal to broadcast ESPN sports content in 19 African countries

Kwesé TV, a sports website owned by Econet Media, has partnered with American cable TV channel ESPN in a deal which will see Kwesé exclusively air hours of licensed content from ESPN including its iconic SportsCenter show across 19 countries in Africa.

Strive Masiyiwa, Founder & Chairman, Econet Wireless Group

Econet Wireless & Royal Bafokeng to purchase Neotel for $428M creating Africa's largest broadband network

Econet Wireless Global affiliate Liquid Telecom agreed to pay 6.55 billion rand ($428 million) for South African Internet-service provider Neotel Pty Ltd., creating the continent’s largest broadband network and business-to-business phone carrier.

South Africa's MTN is the most admired brand in Africa

MTN, Samsung and Coca-Cola top list of most admired brands in Africa

Brand Africa has announced that MTN is the overall best brand in Africa and reclaimed the #1 spot as the Most Admired Brand in Africa at a gala launch of the 4th Annual Brand Africa 100: Africa’s Best Brands at Sandton Convention Center.

Strive Masiyiwa, Founder & Chairman, Econet Wireless Group

Pan-African broadband service provider Liquid Telecom eyes European IPO in 2016

Liquid Telecom, a broadband group controlled by African telecoms company Econet Wireless, is being lined up for a European flotation next year after approaches from potential buyers in recent months.

Strive Masiyiwa, Founder & Chairman, Econet Wireless Group

Transaction banking is dead: Econet Wireless Founder Strive Masiyiwa

As the evolution of mobile banking continues to disrupt the financial services sector, the founder and executive chairman of privately held telecoms conglomerate Econet Wireless Group sounded the death knell for traditional transaction banking.

New MBAs Should Start Their Careers in Frontier Markets

New MBAs should start their careers in frontier markets like Nigeria, Kenya, says Harvard Business Review

“Where are the stores?” asked the Scandinavian executive. Strive Masiyiwa was interviewing him to be CEO of the Nigeria telecoms venture lead by Econet Group, which Strive founded and chairs.

The Redeemed Christian Church of God annual convention campground near Mowe, on the outskirts of Lagos. Credit: proof.nationalgeographic.com

Church business goes digital in Africa

Mania for Africa-produced mobile apps has spread to the continent’s churches. Almost half of sub-Saharan Africans will be mobile phone users by 2020, according to research by industry body GSMA. Half of those will be smartphone users.

Strive Masiyiwa, Founder & Chairman, Econet Wireless Group

Liquid Telecom secures $150M to extend super-fast broadband network in Africa that will be 5x faster than what is available in the UK

Liquid Telecom, a telecoms group aiming to build better broadband in parts of Africa than is available in the UK, has raised $150m to extend its superfast fibre networks across the continent.

KopoKopo

Mobile Money Is Driving Africa's Cashless Future

The evolution of African markets faces significant barriers: cost, distance, and a lack of infrastructure. Less than 30% of the population have bank accounts, and even fewer have credit cards.

Liquid Telecom

Liquid Telecom to spend $200M in Africa expansion

Liquid Telecom, which is majority owned by Econet Wireless Global, plans to spend $200 million across the African countries where it operates over the next year to expand its network, a company executive said on Thursday.

Strive Masiyiwa, Chairman, Econet Wireless Group

US-Africa Business Forum: An interview with Strive Masiyiwa, Chairman of Econet Wireless, and Isis Nyong'o Madison, Principal at Asphalt & Ink (Video)

Strive Masiyiwa, Group Chairman of Econet Wireless International, and Isis Nyong’o Madison, a Kenyan-American who advises companies on investments in Africa talk about how the Internet and mobile devices are helping tie African countries together and overcome geographic barriers.