Zimbabwe Stock Exchange

ECO - Econet Wireless Zimbabwe Limited

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Stock quote for ECO on Zimbabwe Stock ExchangeStock quote for ECO 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.

ECO2.2923 ▾ 0.1082 (4.51%)
Yesterday
Last Trading ResultsGrowth & Valuation
Opening Price:--Earnings Per Share:--
Day's Low Price:--Price/Earning Ratio:--
Day's High Price:--Dividend Per Share:--
Traded Volume:66,100Dividend Yield:--
Number of Deals:--Shares Outstanding:1.6b
Value/Turnover:151,521.03Market Capitalization:3.66b
Monetary values are quoted in US Dollar (USD) unless otherwise stated

ECO Stock Market Performance

1WK4WK3MO6MO1YRYTD
+12.56%+21.74%+108.07%+43.33%+118.38%+60.58%

The stock of Econet Wireless Zimbabwe Limited (ECO) is currently trading at 2.2923 USD per share on the Zimbabwe Stock Exchange. ECO began the year with a share price of 1.4275 USD and has since gained 60.58% on that price valuation, ranking it 26th on the ZSE in terms of year-to-date performance. Shareholders will be pleasantly optimistic about ECO knowing that the stock has accrued 21.74% over the past four-week period alone. The table below details the last 10 trading days of activity of Econet Wireless Zimbabwe Limited on the Zimbabwe Stock Exchange.

DateVolumeCloseChangeChange%
2019-06-2666,1002.2923-0.10824.51%
2019-06-2521,8002.4005-0.04791.96%
2019-06-24884,8002.4484+0.248011.27%
2019-06-21891,4002.2004+0.00990.45%
2019-06-20196,8002.1905+0.15407.56%
2019-06-191,183,5002.0365-0.16177.36%
2019-06-18347,7002.1982-0.04221.88%
2019-06-17275,4002.2404+0.19769.67%
2019-06-14653,1002.0428+0.09194.71%
2019-06-1352,8001.9509----

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. BRVM Stock Exchange
  2. Botswana Stock Exchange
  3. Ghana Stock Exchange
  4. Lusaka Stock Exchange
  5. Malawi Stock Exchange
  6. Nairobi Securities Exchange
  7. Nigerian Stock Exchange
  8. Zimbabwe Stock Exchange

Comments (10)

  1. Kennedy J. ChomutareKennedy J. Chomutare
    Jan 14, 2018 13:00 GMT

    Send me some information on how a can buy shares in econet in I am in Zimbabwe.

    1. TakaipaTakaipa
      Aug 1, 2018 00:40 GMT

      c-trade, recently launched platform

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

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

  3. nomathemba masukunomathemba masuku
    Apr 6, 2018 09:13 GMT

    please give me information how i can buy shares

  4. Margaret McNamaraMargaret McNamara
    Jun 18, 2018 06:33 GMT

    Have not had a dividend paid on our shares for ages. When last have you paid a dividend

  5. ThaboThabo
    Jan 12, 2018 04:47 GMT

    Please guide me as to how I can invest in your company shares, whereby I am in the diaspora. Do I need a local bank account in Zimbabwe?

    1. AmandaAmanda
      Aug 29, 2018 19:57 GMT

      Open a diaspora bank account with steward bank , then register on their free app for the diaspora called square app, once that has been done go to investments, there you will see an assigned broker and the companies you can invest in .

  6. Tinotenda DzikitiTinotenda Dzikiti
    Jan 6, 2017 10:12 GMT

    hello guys

    would you send me the share price list
    it is my pride to be one of the sharehoders of this Company.

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