African Stock Exchanges

ECO - Econet Wireless Zimbabwe Limited

Twitter · Facebook
ECO share price on Zimbabwe Stock ExchangeECO 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.

ECO4.2760 ▾ 0.0783 (1.8%)
6 hours ago
Last Trading ResultsGrowth & Valuation
Opening Price:--Earnings Per Share:0.002323
Day's Low Price:--Price/Earning Ratio:1,840.79
Day's High Price:--Dividend Per Share:0.000070
Traded Volume:526,800Dividend Yield:0%
Number of Deals:--Shares Outstanding:2.59b
Value/Turnover:2.25mMarket Capitalization:11.08b
Monetary values are quoted in Zimbabwe Dollar (ZWL) unless otherwise stated

ECO Stock Market Performance

1WK4WK3MO6MO1YRYTD
-5.53%-14.74%-51.31%+58.19%+240.64%+190.53%

The current share price of Econet Wireless Zimbabwe Limited (ECO) is ZWL 4.2760. The ECO stock closed its last trading day (Thursday, October 22, 2020) at 4.2760 ZWL per share on the Zimbabwe Stock Exchange, recording a 1.8% drop from its previous closing price of 4.3543 ZWL. ECO began the year with a share price of 1.4718 ZWL and has since gained 190.53% on that price valuation, ranking it 50th on the ZSE in terms of year-to-date performance. Investors should, however, take caution of ECO's recent poor performance, having lost 14.74% of its value in the past four weeks. The table below details the last 10 trading days of activity of Econet Wireless Zimbabwe Limited on the Zimbabwe Stock Exchange.

DateVolumeCloseChangeChange%
2020-10-22526,8004.2760-0.07831.80%
2020-10-21566,6004.3543-0.01520.35%
2020-10-202,767,8004.3695-0.07591.71%
2020-10-19882,3004.4454-0.06041.34%
2020-10-1639,7004.5058-0.02030.45%
2020-10-15820,4004.5261-0.07441.62%
2020-10-14553,1004.6005-0.00930.20%
2020-10-13976,8004.6098-0.19023.96%
2020-10-121,4004.8000-0.00690.14%
2020-10-095,8004.8069----

Profile of Econet Wireless Zimbabwe Limited

Below is an abridged, consolidated report of the latest annual financial statements for Econet Wireless Zimbabwe Limited. The company’s financial year runs from March 1 to February 29. The reporting currency for the monetary data presented herein is the US Dollar (USD). All amounts are expressed in millions with the exception of per share items.

Financials2018/FY2017/FY2016/FY2015/FY2014/FY
Income Statement
Total Revenue831.60621.71640.99746.18752.68
Operating Expense-491.90-397.75-402.57-460.54-420.50
Other Op. Income-140.51-138.15-136.56-126.29-101.72
Non-Operating Income-6.44-26.06-33.40-36.01-36.44
Income Tax-60.46-23.56-28.26-53.14-74.61
Net Income132.2936.1940.2070.21119.40
Earnings Per Share0.05800.02600.02600.04500.08
Balance Sheet
Total Assets1,538.061,224.721,196.901,256.491,173.66
Total Liabilities776.07527.40535.01591.20569.95
Total Equity761.99697.32661.90665.30603.72
Equity & Liabilities1,538.061,224.721,196.901,256.491,173.66
Cash Flow Statement
Operating Activities361.35173.66219.12175.54347.78
Investing Activities-256.13-51.64-91.83-143.12-283.44
Financing Activities59.11-35.87-122.81-8.52-71.23
Net Cash Flow164.3386.154.4823.91-6.90
Cash & Cash Equiv.350.19185.8699.7295.2471.33

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.

  1. Masiyiwa, Steve
    Group Chairman
  2. Mboweni, Douglas
    Chief Executive Officer
  3. Chimanikire, Roy
    Finance Director
  4. Chirairo, Kris
    CEO - Econet Enterprises
  5. Myers, James (Dr.)
    Non-Executive Chairman
  6. Pemhiwa, Hardy
    Non-Executive Director
  7. Mpofu, Tracy
    Non-Executive Director
  8. Mtetwa, Beatrice
    Non-Executive Director
  9. Gomwe, Godfrey
    Non-Executive Director
  10. Shereni, Sherree Gladys
    Non-Executive Director
  11. Edge, Martin
    Non-Executive Director
  12. 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

Index of African Stock Exchanges:

  1. Botswana Stock Exchange
  2. BRVM Stock Exchange
  3. Ghana Stock Exchange
  4. Johannesburg Stock Exchange
  5. Lusaka Stock Exchange
  6. Malawi Stock Exchange
  7. Nairobi Securities Exchange
  8. Nigerian Stock Exchange
  9. Uganda Securities Exchange
  10. Zimbabwe Stock Exchange

Comments (22)

  1. Paul MapopePaul Mapope
    Aug 24, 2020 21:50 GMT

    I see the value of the company shares, it embraced me and it will be my privilage to invest on econet zimbabwe

    1. Dolla DealsDolla Deals
      Sep 5, 2020 10:25 GMT

      Right now is the time to invest in Econet. At $4.50 you won't go wrong.

  2. Munyaradzi  JafariMunyaradzi Jafari
    Aug 1, 2020 09:40 GMT

    What's the least possible amount of money that i should hold in order to acquire a share?

    1. RyanRyan
      Aug 1, 2020 13:26 GMT

      The minimum number of shares one can buy at a time is 100. So the minimum money you need is the current share price multiplied by 100, plus approximately 2% of broker commission and statutory fees.

  3. Ticha MasiiwaTicha Masiiwa
    Jul 23, 2020 06:51 GMT

    I need to buy shares too. How best may you help

  4. Keith Edward TaruvingaKeith Edward Taruvinga
    Jul 2, 2020 16:42 GMT

    Im interested in this share thing and i would like to invest with ECO, I was hoping you could assist

  5. Brian mandigwaBrian mandigwa
    May 25, 2020 05:52 GMT

    Hie econet.I would like to invest in your company by buying shares.please tell me how I can do it.I already have a local steward bank account.Is it also possible to buy shares in Usd.please explain to me further about when you can possibly declare devident or when I will be able to sale my shares after gaining in capital.
    Thank you

  6. Morris IkopeMorris Ikope
    May 22, 2020 17:59 GMT

    I want to buy shares in your company.How can i go about it

  7. Shingirai MunezviShingirai Munezvi
    Apr 20, 2020 19:42 GMT

    Insight on share value increase

  8. EDSON RUNESUEDSON RUNESU
    Jan 19, 2020 12:45 GMT

    I want to invest with you, how do i go about it.

  9. WonderWonder
    Jul 7, 2019 15:21 GMT

    Dear sir/ma,

    How do i buy shares in your company in SA?

  10. Jason HuntleyJason Huntley
    Jun 12, 2018 11:08 GMT

    Please may i have information or a website on how to buy shares from Econet

NOTE: You are replying to 's comment. [Cancel]