Cassava Smartech s Insurtech Revenue Up 15%
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ZSE Suspends Cassava Smartech - NewZimbabwe com
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Cassava rebrands to EcoCash Holdings - The Zimbabwe Mail
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By Alois Vinga
CASSAVA Smartech Zimbabwe Limited (CSZL), a holding company for Ecocash, says strict national policies targeting mobile money platforms have contributed towards the decline of the group’s life business.
Presenting a trading update for the period ended November 30 2020, CSZL chairman, Charmaine Daniels attributed the decline in the group’s life business to the impact of policy directives by the Reserve Bank of Zimbabwe (RBZ).
“The life business recorded a decline in terms of policies underwritten following the suspension of some EcoCash services for premium payments by community groups. EcoCash revenue registered a growth of 29 % from the second quarter of 2020, mainly on the back of a tariff review, however active subscribers, declined by 6%,” she said.