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.

[4] In 1998, Econet was granted a telephony licence, at a time when 70% of the country inhabitants had never heard a ringtone.

[5] In 2005, Econet developed a mobile payment system to help NGOs make cash transfers to refugees after the Burundi war.

The bank, whose shares were previously listed on the Zimbabwe Stock Exchange (ZSE), were delisted when it became a wholly owned subsidiary of Econet.

[9] In October 2015, due to dropping profits, following a state regulator-enforced tariff reduction, the company announced a 100-employee layoff to cope with the losses.