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Performance Highlights

HY – 2024

Growth in revenue resulted from a volume growth of 24% and 25% for voice and data respectively. However, the Group incurred a loss before monetary adjustment of ZW$24 billion.

Revenue (Inflation adjusted): +​186% HY 2024: ZW$ ​1​,099.7 billion HY 202​3: ZW$ ​3​84.4 billion
EBITDA (Inflation adjusted): ​+209% HY 2024: ZW$ ​5​52.2 billion HY 202​3: ZW$ ​1​78.6 billion
Shareholders' Equity (Inflation adjusted): +​65% HY 2024: ZW$ ​2​,092.9 billion HY 202​3: ZW$ ​1​,266.6 billion

We will continue modernising our network infrastructure to unlock opportunities presented by emerging technologies to broaden and diversify our service offering. Artificial intelligence and process automation will be pivotal in improving operational efficiencies and customer service delivery.

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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