ECO - Econet Wireless Zimbabwe Limited
Econet Wireless Zimbabwe, launched in July 1998, is Zimbabwe’s largest telecommunications services provider, providing solutions in mobile and fixed wireless telephony, public payphones, internet access and payment solutions. In 2009, the company became the first operator in Zimbabwe to launch data services under 3G technology. At the same time, it began building an extensive fiber optic network, and also commenced an accelerated roll-out of other key network infrastructure. Key subsidiaries and associates of Econet are Liquid Telecom, the largest internet service and access provider in Zimbabwe, and Transaction Payment Solutions, a leading provider of financial transaction switching, point-of-sale, and value-added support services. The company is a subsidiary of a privately-owned group controlled by its founder Strive Masiyiwa. The group’s subsidiaries include Econet Wireless International, Econet Enterprises, and Econet Media.
| Last Trading Results | |
|---|---|
| Opening Price | |
| Day’s Low Price | |
| Day’s High Price | |
| Traded Volume | 87,200 |
| Number of Deals | |
| Gross Turnover | 3.67M |
| Growth & Valuation | |
|---|---|
| Earnings Per Share | |
| Price/Earning Ratio | |
| Dividend Per Share | |
| Dividend Yield | |
| Shares Outstanding | 2.59B |
| Market Capitalization | 109B |
ECO Stock Market Performance
| 1WK | 4WK | 3MO |
|---|---|---|
| +19.8% | +9.91% | +52.9% |
| 6MO | 1YR | YTD |
|---|---|---|
| +134% | +742% | +343% |
The current share price of Econet Wireless Zimbabwe Limited (ECO) is ZWL 42.0479. ECO closed its last trading day (Friday, September 24, 2021) at 42.0479 ZWL per share on the Zimbabwe Stock Exchange (ZSE), recording a 2.2% gain over its previous closing price of 41.1551 ZWL. Econet Wireless began the year with a share price of 9.4951 ZWL and has since gained 343% on that price valuation, ranking it 18th on the ZSE in terms of year-to-date performance. Shareholders can be optimistic about ECO knowing the stock has accrued 10% over the past four-week period—20th best on ZSE.
Econet Wireless Zimbabwe is the fourth most traded stock on the Zimbabwe Stock Exchange over the past three months (Jun 28 - Sep 24, 2021). ECO has traded a total volume of 29.9 million shares valued at ZWL 1.01 billion over the period, with an average of 474,493 traded shares per session. A volume high of 4.72 million was achieved on August 18th, and a low of 2,200 on September 1st, for the same period. The table below details the last 10 trading days of activity of Econet Wireless Zimbabwe on the Zimbabwe Stock Exchange.
| Date | Volume | Close | Change | Change% |
|---|---|---|---|---|
| 2021-09-24 | 87,200 | 42.0479 | +0.8928 | +2.17% |
| 2021-09-23 | 94,300 | 41.1551 | +2.3878 | +6.16% |
| 2021-09-22 | 17,300 | 38.7673 | +2.40 | +6.60% |
| 2021-09-21 | 338,400 | 36.3673 | +0.2983 | +0.83% |
| 2021-09-20 | 8,700 | 36.0690 | +0.9825 | +2.80% |
| 2021-09-17 | 12,200 | 35.0865 | +0.0295 | +0.08% |
| 2021-09-16 | 15,800 | 35.0570 | -0.7276 | -2.03% |
| 2021-09-15 | 88,300 | 35.7846 | +0.1404 | +0.39% |
| 2021-09-14 | 62,700 | 35.6442 | -0.3693 | -1.03% |
| 2021-09-13 | 587,200 | 36.0135 |
Profile of Econet Wireless Zimbabwe Limited
Econet Wireless Zimbabwe Limited operates in the Telecommunications sector. The company is led by Douglas Mboweni as its Chief Executive Officer. The company's board of directors, chaired by Dr. James Myers, is composed of 12 members whose names are listed below.
- Masiyiwa, Steve
Group Chairman - Mboweni, Douglas
Chief Executive Officer - Chimanikire, Roy
Finance Director - Chirairo, Kris
CEO - Econet Enterprises - Myers, James (Dr.)
Non-Executive Chairman - Pemhiwa, Hardy
Non-Executive Director - Mpofu, Tracy
Non-Executive Director - Mtetwa, Beatrice
Non-Executive Director - Gomwe, Godfrey
Non-Executive Director - Shereni, Sherree Gladys
Non-Executive Director - Edge, Martin
Non-Executive Director - Bennett, Michael
Non-Executive Director
| Factsheet of Econet Wireless Zimbabwe Limited | |
|---|---|
| Sector: Telecommunications | Industry: — |
| Address: No. 2 Old Mutare Road, Msasa, Harare, Zimbabwe | |
| Telephone: +263-4-486-121, +263-4-486-122, +263-4-486-123 | |
| Email: info@econet.co.zw | Website: www.econet.co.zw |
