Investor Relations

Performance Highlights

FY – 2022

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Stringent cost alignment measures and close monitoring of the business’ cost structure had a positive result on EBITDA margin which marginally firmed to close the year at 52% against a prior comparative of 51%.

Econet FY2022: Revenue (Inflation adjusted): +51%
Econet FY2022: EBITDA (Inflation adjusted): +54%
Econet FY2022: Profit before taxation (Inflation adjusted): +776%

Volume increases in data and voice of 58% and 19%, reflected the increased demand from our customers.

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 and the largest company on the Zimbabwe Stock Exchange in terms of market capitalisation.

Econet Wireless Zimbabwe provides products and solutions for mobile and fixed wireless telephony, public payphones, internet access and payment solutions. In 2009, Econet Wireless Zimbabwe became the first operator in Zimbabwe to launch data services with 3G capability. This was followed by an extensive project to expand its geographic coverage; building a fibre-optic network, providing financial transaction switching and point-of-sale and value-added retail support services. The company is a subsidiary of a privately-owned group controlled by its founder, Strive Masiyiwa. The group’s subsidiaries include Econet Global, Econet Wireless Africa, Econet Wireless International, Econet Enterprises, Liquid Telecom Group and Econet Media.

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 Charles Banda
Transfer Secretary First Transfer Secretaries (Pvt) Ltd (zw)
Year End February
Year Founded 1998
Year Listed 1998

3 Reasons to Consider Investing in Econet Wireless Zimbabwe

Leader

Market leader across all product segments with 69% customer market share, 72% data traffic market share and 80% voice traffic market share. Our network has over +90% data population coverage with fastest upload and download speeds in the country

Resilience

Our businesses deliver value to customers across Telecommunications, Media and Technology spaces

Sustainability

  • Sustained delivery of high quality digital services
  • Innovative transformation to the way we do business
  • Shareholder value preservation
  • Sustained contribution to society

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