EcoCash invests in banking tech for Steward Bank growth after transferring fintech firms to Econet Wireless Zimbabwe.
EcoCash Holdings Zimbabwe Limited (EcoCash) will invest in banking technologies to grow its remaining unit, Steward Bank, after six fintech firms were transferred to sister firm Econet Wireless Zimbabwe. Following the reconstruction, EcoCash's market capitalisation on the Zimbabwe Stock Exchange dropped from ZWG1.42 billion to ZWG718.07 million. The remaining unit, Steward Bank, aims to drive digital banking expansion post-reconstruction.
July 01, 2024
3 Articles