Online Reporter
Nqobile Bhebhe ,Zimpapers Business Hub
EcoCash Holdings Zimbabwe Limited has called an extraordinary general meeting (EGM) for 13 June, where shareholders will vote on a proposed name change to TN CyberTech Investments Holdings Limited.
The meeting will be conducted virtually via live webcast.
In a circular to shareholders issued on Friday, the company said “The Meeting will be held to consider and, if deemed fit, to pass, with or without modification, the following ordinary and special resolutions as special resolution: proposed change of name. That: a. the name of the Company be changed from ‘EcoCash Holdings Zimbabwe Limited’ to ‘TN CyberTech Investments Holdings Limited’ and that the name ‘TN CyberTech Investments Holdings
Limited’ be substituted for ‘EcoCash Holdings Zimbabwe Limited’ in the Company’s Certificate of Incorporation, Memorandum and Articles of Association and all the formation documents relating to the Company, with the name change to take effect on the date of the issue of the change of name certificate by the Registrar of Companies.”
The company further authorised its directors saying, “The Directors and any of them be and are hereby authorised to complete and do all such acts and things (including executing such documents as may be required) as they may consider necessary, desirable or expedient to give effect to this resolution as they or he may deem fit.”
The name change signals a strategic shift and rebranding effort as the company seeks to align its identity more closely with its technological ambitions and historical legacy.
According to the circular, the proposed name carries significant meaning, particularly the inclusion of “TN”, which references Tawanda Nyambirai, the founder of TN Bank.
“The initials ‘TN’ are the initials of the founder of the bank, Tawanda Nyambirai. It is not uncommon for banks to be named after their founders.
“J.P. Morgan Chase was born out of a merger between J.P. Morgan & Co and Chase Manhattan Bank. J.P. Morgan & Co was named after one of the founders, John Pierpont Morgan, while John Thompson, the founder of Chase National Bank (which became Chase Manhattan Bank), named it after Salmon P. Chase, a former Secretary of the Treasury under Abraham Lincoln.
“Barclays Bank adopted the name of James Barclay, the son-in-law of John Freame, one of the founders of the bank. Wells Fargo Bank is named after Henry Wells and William Fargo, two of its founders,” the circular noted.
Shareholders are encouraged to attend the virtual EGM and exercise their voting rights, as the name change may influence the company’s branding and market perception moving forward.
The circular also noted the symbolic value of the proposed name:
“Steward Bank Limited was formerly TN Bank Limited, which Mr Tawanda Nyambirai founded in 2008.
“The intention behind the inclusion of the initials ‘TN’ in the name is to draw on the legacy of innovation, dignity, industry, faith, originality and humility that the Founder exhibited in his Corporate Finance, Law, and Asset Management career spanning over 30 y
