Econet Wireless Special Trading Update May 2020

June 1st, 2020|

OPERATING ENVIRONMENT Economic environment The country has continued to experience a general decline in economic activity and aggregate demand across all sectors of the economy in the wake of the national lockdown and depressed disposable incomes. Impact of COVID-19 pandemic on the business The World Health Organisation (WHO) declared COVID-19 as a pandemic on 11 [...]

Econet Wireless Trading Update for the 9 months to Nov 2019

January 16th, 2020|

ECONOMIC ENVIRONMENT During the period under review, the country’s macro-economic fundamentals continued to deteriorate characterised by low industry output, high unemployment, a rapidly weakening local currency and the re-emergence of hyperinflation. TARIFFS Although tariff increases were approved by POTRAZ in August and October 2019, our tariffs continue to lag behind inflation and given the rapid [...]

Econet Wireless Unaudited Abridged Consolidated Financial Results HY 31 Aug 2019

December 30th, 2019|

INTRODUCTION Econet Wireless Zimbabwe (“the Company / Group”) remains the leader in the telecommunications sector commanding a customer market share of close to 70%. Our leadership position has been attained and maintained through an understanding of customer needs and continued provision of telecommunications services at a quality level that is unmatched by the competition. Not [...]

Econet Results of Annual General Meeting

September 26th, 2019|

Announcement of the Results of Voting at the Twenty-first Annual General Meeting of the members of Econet Wireless Zimbabwe Limited held on Tuesday 24 September 2019. Shareholders are advised that the results of voting at the Twenty-first Annual General Meeting of the Company held on Tuesday 24 September 2019 are as follows: RESULTS 1. As [...]

Econet Wireless Zimbabwe releases the 2019 annual report

September 16th, 2019|

Econet Wireless Zimbabwe Limited (ECO.zw) 2019 Annual Report We have extracted the Chief Executive Officer's Statement from the 2019 annual report for Econet Wireless Zimbabwe Limited (ECO.zw), listed on the Zimbabwe Stock Exchange: Chief Executive Officer's Operations Review INTRODUCTION Econet continues to demonstrate agility to sustain shareholder value through delivering high-quality digital services, [...]