Zimbabwe’s biggest telecoms and tech company, Econet Wireless Zimbabwe Limited, has clarified that EcoCash, the country’s largest mobile money platform, is not changing its name.
This comes after misleading headlines like “EcoCash changes name” caused some confusion.
The mix-up likely stems from business restructuring under Econet Wireless a few years ago.
Back in 2018, Econet Wireless separated its fintech businesses, including EcoCash, VAYA Technologies, Econet Insurance, Econet Life, MARS Zimbabwe, and Maisha Health Fund, into a new company called EcoCash Holdings.
This created two separate companies: Econet Wireless and EcoCash Holdings.
But in April 2024, Econet reversed this move by bringing most of those businesses, including the EcoCash mobile money platform, back under Econet Wireless. The only business left in EcoCash Holdings was Steward Bank.
Earlier this year (2025), TN Holdings, owned by Tawanda Nyambirai, bought a controlling stake in EcoCash Holdings, effectively gaining control of Steward Bank.
EcoCash Holdings is now planning to rebrand as TN CyberTech Investments Holdings Limited, pending shareholder approval at an extraordinary general meeting on June 13. This is what caused the headlines saying “EcoCash changes name.”
The new name reflects the identity of the new main shareholder and the company’s future direction.
The name change is necessary because EcoCash Holdings no longer owns the EcoCash mobile money platform. The company said:
The continued use of the name EcoCash Holdings will confuse the public, as the same name is being used by the mobile money platform, EcoCash (Pvt) Ltd, which is now an Econet Wireless Zimbabwe Limited subsidiary.
As such, the Board believes that the change of company name is in the best interests of the company and of all shareholders.
More: newZWire
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