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Performance Highlights

FY – 2024

Investment in network modernization resulted in volume growth of voice and data of 34% and 36% respectively. Cost optimisation strategies adopted by management yielded positive impact on margin profitability which was above 45%.

Revenue (Inflation adjusted): +​133% FY 2024: ZW$ ​14.8 trillion FY 202​3: ZW$ ​6.3 trillion
EBITDA (Inflation adjusted): +​175% FY 2024: ZW$ ​7.1 trillion FY 202​3: ZW$ ​2.6 trillion
Operating Cashflow (Inflation adjusted): +​143% FY 2024: ZW$ ​2.5 trillion FY 202​3: ZW$ ​1.0 trillion

Artificial Intelligence (AI) has become an integral part of our business operations. For the year under review, we significantly accelerated the use of AI tools to improve operational efficiency, optimise our business and provide superior customer experiences.

Dr J. Myers, Chairman of the Board

Simbisa Brands

Econet Wireless Zimbabwe

Econet Wireless Zimbabwe is a diversified telecommunications group; it is the largest enterprise of its kind in Zimbabwe.

Company Information

Registered Name Econet Wireless Zimbabwe Limited (ECO.zw)
ISIN ZW 000 901 212 2
Ticker Code ECO.zw
Sector Technology
Stock Exchange Zimbabwe Stock Exchange
Chairman Dr James Myers
Chief Executive Douglas Mboweni
Company Secretary Tatenda A. Ngowe
Transfer Secretary First Transfer Secretaries (Pvt) Ltd (zw)
Year End February
Year Founded 1998
Year Listed 1998
Website https://ewzinvestor.com

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