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1.57 MB
Extraction Summary
3
People
4
Organizations
10
Locations
3
Events
2
Relationships
2
Quotes
Document Information
Type:
News article / document clipping
File Size:
1.57 MB
Summary
An article from New Zimbabwe dated August 19, 2014, highlights Econet Wireless founder Strive Masiyiwa's speech at a symposium in Turin regarding the expansion of mobile technology and banking in Africa. It details the growth of mobile usage in Zimbabwe since 1998 and the economic shift from the Zimbabwe dollar in 2009. The document includes a photo of Masiyiwa with Bill and Chelsea Clinton.
People (3)
| Name | Role | Context |
|---|---|---|
| Strive Masiyiwa | ||
| Bill Clinton | ||
| Chelsea Clinton |
Organizations (4)
| Name | Type | Context |
|---|---|---|
| Econet Wireless | ||
| New Zimbabwe | ||
| Guardian newspaper | ||
| House Oversight |
Timeline (3 events)
Microfinance symposium in Turin, Italy
Licence ruling in 1998
Ditching of Zimbabwe dollar in 2009
Locations (10)
| Location | Context |
|---|---|
Relationships (2)
Key Quotes (2)
"“70 percent of people in the country had never heard a telephone ring”"Source
HOUSE_OVERSIGHT_032159.jpg
Quote #1
"“today, 75 percent of people [in Zimbabwe] have a cell phone; and I want 75 percent of the people in Africa to have a bank account ... on a mobile phone.”"Source
HOUSE_OVERSIGHT_032159.jpg
Quote #2
Full Extracted Text
Complete text extracted from the document (1,234 characters)
Strive Masiyiwa’s next challenge
Respected by world leaders ... Strive Masiyiwa (right) with Bill Clinton and his daughter
NEW ZIMBABWE 19-08-2014
SPEAKING at a microfinance symposium in Turin, Italy, recently, Econet Wireless founder Strive Masiyiwa recalled the ruling by the judge who gave him a licence in 1998 saying that “70 percent of people in the country had never heard a telephone ring”
The licence was granted after a costly five-year legal battle against the government. According to the UK-based Guardian newspaper Masiyiwa told the Turin gathering that “today, 75 percent of people [in Zimbabwe] have a cell phone; and I want 75 percent of the people in Africa to have a bank account ... on a mobile phone.” Not only that, Econet Wireless has since grown into a diversified technology and financial services group with operations in 17 countries including Botswana, Lesotho, Kenya, Nigeria, South Africa and New Zealand.
Another problem, and opportunity, arose when the government ditched the Zimbabwe dollar in 2009 for more stable foreign currencies. The transacting public, having struggled with huge amounts of worthless cash in the hyperinflation years, welcomed the decision. But with
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