Investor Relations

Econet is currently a privately held group.

Currently, investors may achieve exposure to the Econet Group in one of three ways:

(1) For more information investing in our subsidiary Cassava Technologies, please visit; https://cassavatechnologies.com/econet-group-announces-launch-of-cassava-technologies/

(2) For more information investing in our subsidiary Econet Wireless Zimbabwe Limited, please visit; https://ewzinvestor.com/

(3) For more information investing in our subsidiary EcoCash Holdings Zimbabwe, please visit; https://cszlinvestor.com/

If you are an investor who would like to find out more about the Econet Group, you may contact us

The Econet business model combines various technologies and platforms to offer unparalleled choice, value, access and convenience to customers across different industries.

Our Industries

Telecoms

Our business is focused on delivering a solution’s in mobile and fixed wireless telephony, internet access and payment solutions

Technology

Using technology, we have been able to develop products and services that enrich the lives of our customers.

Our Growth Story

1997 - 2000

Zimbabwe MNO Licence, 1997
Botswana MNO Licence, 1998
First Listed Telecoms company in Zimbabwe, 1998
Pioneered prepaid in Zimbabwe
Launched Econet Satellite Services

2000 - 2007

First GSM call in Nigeria
MNO Licences in Kenya and Burundi
Econet Satellite Services rebranded to Liquid Telecom

2008 - 2011

Liquid launches cross-border fibre network to link Southern Africa to ROW
GPRS and 3G in Lesotho & Zimbabwe
Fixed & Mobile Convergence in Lesotho
in Burundi and Zimbabwe
Launch of CALL HOME, MVNO-type service on Cell C network

2012 - 2013

4G LTE in Zimbabwe
Acquisition of Kenya Data Networks (KDN), incl. major data centre
Acquisition of TN Bank, rebranded to Steward Bank
Financial inclusion driven via Cassava Connect & EcoCash Remittances
EcoSchool & EcoFarmer in Zimbabwe

2014

Acquisition of U-Com and merger with Econet Wireless Burundi
Launch of EcoSure
Launch of Cumii International (IoT business) and Connected Car in Zimbabwe
Cumii partnership with Vodacom Tanzania
EcoCash South Africa remittances

2015 - 2018

Acquisition of Neotel by Liquid; fibre network now >50,000km across SSA
Econet establishes Distributed Power Africa (DPA)
Cape to Cairo 60,000km fibre network completed

Creating Value through a Sustainable Business

For 20 years, the Econet Group has contributed to the development of African national economies as a responsible corporate citizen, displaying unparalleled resilience through the ups and downs of the various national economic journey′s, and, in the process, establishing itself as a cornerstone for sustainable economic development. Within the countries it operates Econet has been recognised as one of the highest dollar value contributor to the fiscus. Other stakeholders have also derived substantial value from Econet over the years as shown below:

GOVERNMENT

+US$1,5(USD) billion

Paid in taxes, levies and fees

SHAREHOLDERS

$180m(USD)

Paid in dividends since 2009

FOREIGN DIRECT INVESTMENT

+$752m(USD)

INFRASTRUCTURE DEVELOPMENT

+$1,3(USD) billion

Since 2009

SUPPORTING DOMESTIC INDUSTRIES

+$3.2(USD) billion

Paid to local producers of goods and services

IMPACTED CONSUMERS

+100 million

TERRESTRIAL FIBRE OPTIC

+60,000 kilometers

Fibre Optic laid across Africa

MOBILE MONEY WALLETS

+100million

mobile money wallets connected

MOBILE MONEY TRANACTIONS

+$38 (USD) billion

Cumulative transaction processed

BUSINESS PARTNERS

+$370m (USD) million

Paid to agents and dealers in commission since 2009

JOB CREATION

Supporting African livelihoods through the creation of

+100,000

direct & indirect jobs

PHILANTROPY & SOCIAL IMPACT

+250 thousand

Orphans and Children impacted With Scholarships

Strong Demand Drivers from Consumers and Businesses

Growing population with rising purchasing power, penetration rates and data demand
Numbers of users of smart devices rapidly increasing, along with content consumption
Shifts to data-hungry applications and proliferation of cloud and data centre services

Econet is well-positioned to use its assets to deliver high-quality connectivity, media and other services

Fibre connectivity crucial to closing the digital divide
Mobile Money is a key mechanism for widening access to financial services
The convergence of technology and telecoms opens up multiple opportunities ? integrated offerings of fibre, mobile and payments services are being realised

Econet is currently a privately held group.