ECO - Econet Wireless Zimbabwe Limited

Apr 23, 2025 at 19:49 Twitter · Facebook

ECO share price on Zimbabwe Stock Exchange

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.

Econet Wireless Zimbabwe Limited is listed on the Zimbabwe Stock Exchange (ZSE) since September 17th, 1998. Econet Wireless is traded on the ZSE under the ticker symbol “ECO”. Econet Wireless Zimbabwe Limited is currently the second most valuable stock on the ZSE with a market capitalization of ZiG 6.91 billion, which makes about 11.9% of the entire Zimbabwe Stock Exchange equity market.

ECO Stock Market Performance

The current share price of Econet Wireless Zimbabwe Limited (ECO) is ZiG 2.6661. ECO closed its last trading day (Wednesday, April 23, 2025) at 2.6661 ZiG per share on the Zimbabwe Stock Exchange (ZSE), recording a 1.4% drop from its previous closing price of 2.7036 ZiG. Econet Wireless began the year with a share price of 3.226087 ZiG but has since lost 17.4% off that price valuation, ranking it 24th on the ZSE in terms of year-to-date performance. Shareholders’ worries are compounded by the fact that ECO has lost 30% of the stock’s value from March 24th to date.

Econet Wireless Zimbabwe is the #1 most traded stock on the Zimbabwe Stock Exchange over the past three months (Jan 22 - Apr 23, 2025). ECO has traded a total volume of 150 million shares valued at ZiG 416 million over the period, with an average of 2.38 million traded shares per session. A volume high of 31 million was achieved on February 6th for the same period. The table below details the last 10 trading days of activity of Econet Wireless Zimbabwe on the Zimbabwe Stock Exchange.

Profile of Econet Wireless Zimbabwe Limited

Econet Wireless Zimbabwe Limited operates in the Telecommunications sector.

Index of African Stock Exchanges:

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10. Zimbabwe Stock Exchange