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2.58 MB
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Extraction Summary

3
People
6
Organizations
9
Locations
3
Events
1
Relationships
5
Quotes

Document Information

Type: Article / report excerpt (house oversight production)
File Size: 2.58 MB
Summary

This document is an excerpt, likely from a profile or report, detailing the history and business philosophy of Masiyiwa and his company, Econet Wireless. It covers the company's expansion across Africa and New Zealand, its focus on mobile banking and microfinance for the poor and refugees, and Masiyiwa's vision for increasing financial inclusion via mobile technology. The document bears a House Oversight Committee footer (HOUSE_OVERSIGHT_032161), indicating it was part of a document production for a congressional investigation.

People (3)

Name Role Context
Masiyiwa Businessman / Founder of Econet Wireless
Discussing mobile banking, microfinance, and telecommunications in Africa.
Mugabe Government Leader (Zimbabwe)
Mentioned in context of a UN civil suit in 2000.
Unnamed Judge Judge in Zimbabwe
Granted Econet Wireless's licence in 1998.

Organizations (6)

Name Type Context
Econet Wireless
Telecommunications company established in 1998.
UN
United Nations, filed civil suit against Mugabe in 2000.
M-Pesa
Mobile money transfer service mentioned as a comparison.
Facebook
Mentioned as a service customers want to use.
WhatsApp
Mentioned as a service customers want to use.
House Oversight Committee
Document source (footer tag).

Timeline (3 events)

1998
Econet Wireless established after legal battle.
Zimbabwe
Masiyiwa Zimbabwean Government
2000
UN filed civil suit against Mugabe; Masiyiwa moved headquarters.
South Africa
2005
War in Burundi ended; Econet developed mobile payments for refugees.
Burundi
Econet Wireless Refugees NGOs

Locations (9)

Location Context
Country where Econet operates.
Country where Econet operates.
Country where Econet operates.
Country where Econet operates.
Country where Econet operates and where Masiyiwa moved headquarters.
Country where Econet operates and used as economic comparison.
Location of war ending in 2005, prompting refugee aid.
Country of origin for the licensing battle; comparison of phone usage stats.
Location of a symposium where Masiyiwa gave a speech.

Relationships (1)

Masiyiwa Adversarial Mugabe
Masiyiwa waged a five-year legal battle with the government; moved family while UN filed suit against Mugabe.

Key Quotes (5)

"So we built the payment system initially not as a business but as a way to help humanitarians get money to people in rural areas who were trying to re-establish their lives."
Source
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Quote #1
"The big frontier for us is to create platforms where those people can access credit."
Source
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Quote #2
"We're trying to build up a savings culture where people are encouraged to save, even if they only have a dollar"
Source
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Quote #3
"Today, 75% of people [in Zimbabwe] have a cell phone... And I want 75% of the people in Africa to have a bank account ... on a mobile phone."
Source
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Quote #4
"Their behaviour and aspirations are no different from those who have higher incomes... They want to use Facebook. They want to use WhatsApp."
Source
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Quote #5

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