Econet, officially known as Econet Group, is a diversified telecommunications group with operations and investments in Africa, Europe, South America and the East Asia Pacific Rim, offering products and services in the core areas of mobile and fixed telephony services, broadband, satellite, optical fiber networks and mobile payment.[2]
The group's subsidiaries include Econet Wireless, Cassava Technologies and Cassava Smartech.[3]
History
Econet was created in 1993 in Zimbabwe by Strive Masiyiwa. Initially it was meant to be called "Enhanced Communications Network" but was later abbreviated to Econet.[4]
In 1998, Econet was granted a telephony licence, at a time when 70% of the country inhabitants had never heard a ringtone.[5]