Strive Masiyiwa

Zimbabwe’s Econet Wireless Ltd will shut its African pay-TV unit in Zimbabwe due to the country’s economic condition and shortage of foreign currency, group Chief Executive Officer Douglas Mboweni said. Recently Zimbabwe ditched the multiple currency system, which was dominated by the

African pay-TV operator Econet Media has put its struggling satellite broadcasting business under administration, it says. Joseph Hundah, Econet Media’s CEO, said Econet’s pay-TV company, which operates under the “Kwese” brand name, will soon begin talks with creditors to rescue the business.