Econet Wire­less Zim scoops three awards

Chronicle (Zimbabwe) - - Business - Leonard Ncube Vic­to­ria Falls Reporter

ECONET Wire­less Zim­babwe has scooped three awards in recog­ni­tion of its in­no­va­tive ap­proach to busi­ness and con­tri­bu­tion to the econ­omy.

Afri-Sure, a con­sor­tium of con­sul­tants in the in­sur­ance sec­tor, who are part­ner­ing the Gov­ern­ment in spear­head­ing mi­croin­sur­ance to cover low in­come earn­ers, gave the awards to the gi­ant telecom­mu­ni­ca­tions firms at the end of the Mi­cro-In­sur­ance Sum­mit in Vic­to­ria Falls last week.

Min­istry of Fi­nance and Eco­nomic De­vel­op­ment se­nior of­fi­cer Dr Ju­dith Ka­teera pre­sented the awards that in­clude — top tech­nol­ogy com­pany, top in­no­va­tive prod­uct and top con­tribut­ing per­son­al­ity in the mi­cro-in­sur­ance sec­tor.

Econet Wire­less has been rated top tech­nol­ogy com­pany in Zim­babwe while its mi­cro-in­sur­ance prod­uct, EcoSure is rated the top in­no­va­tive prod­uct in the fu­neral and life as­sur­ance cat­e­gory.

Econet Life gen­eral man­ager Mr God­win Mashiri was hon­oured for be­ing the top con­tribut­ing per­son­al­ity in the mi­croin­sur­ance sec­tor.

Dr Ka­teera com­mended Econet and urged other in­sur­ance ser­vice providers to em­u­late the com­pany.

“EcoSure now has 600,000 sub­scribers, that’s a huge achieve­ment as it is big­ger than all other in­sur­ance com­pa­nies to­gether. What this means is that we should un­pack, ap­pre­ci­ate and find out how we can em­u­late them,” she said.

Econet launched its EcoSure prod­uct in De­cem­ber 2014 in part­ner­ship with lo­cal fu­neral par­lours.

Sub­scribers pay $0.50 through Eco­cash, another prod­uct that is do­ing well in the coun­try with pro­vi­sion of mi­cro-fi­nance at a time when banks are fac­ing dif­fi­cul­ties pro­vid­ing enough cash.

Ben­e­fi­cia­ries of EcoSure can ac­cess $500 cover for a de­cent burial. Econet runs other prod­ucts such as EcoFarmer.

The sum­mit was at­tended by rep­re­sen­ta­tives of in­sur­ance com­pa­nies from Africa and be­yond.

It sought to en­cour­age tra­di­tional com­pa­nies to move away from the elit­ist mind­set and spread cover to low in­come earn­ers.

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