Econet Wireless Zimbabwe Limited reported a 20 percent increase in inflation-adjusted revenue to ZW$ 339 billion for the 2023 financial year, though the group recorded a net loss of ZW$ 17 billion driven by hyperinflation and significant foreign exchange losses. The company has deferred dividend payments to fund network capitalization and announced a US$ 30.3 million rights offer to redeem maturing debentures, with the Annual General Meeting scheduled for August 31, 2023.

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