Econet Wireless Group Announces The End of the Merger Econet Leo

Econet Wireless Group Announces The End of the Merger Econet Leo
06 July 2015

Econet Wireless Group Announces The End of the Merger Econet Leo

Econet Wireless group has today announced the end of the merger between econet wireless burundi s. A and u-com Burundi S. A, operating under the trademark Leo, to create the largest company of telecommunications. The new company will work under the brand econet Leo.

Interviewed on what represents this merger for burundi and for the group econet wireless, the leaders of the group are:

" this merger represents an important achievement in the development of the telecommunications sector in burundi and demonstrates once again the commitment of econet to invest in burundi..." Said Hardy Pemhiwa, chairman of the board of directors of econet Leo.

" the government of burundi has much supported in the realization of the strengthening of our investments in burundi. The message that we continue to receive of ministers and other government authorities is: Burundi is open for business... " said mr pemhiwa.

With more than 2,6 million subscribers, 242 Full-time employees and more than 20,000 indirect jobs, econet Leo is one of the largest companies in burundi.

" we will contribute significantly to the development of burundi and focus on the quality of our service and offer products and services tailored to the needs of each of our clients..." Says Mr Darlington Mandivenga The Director-General of econet Leo.

Econet Leo is the largest taxpayer in burundi and paid more than 23,2 billion francs bu taxes for the period from October 2014 to June 2015.

" our commitment to burundi goes beyond to give of telecommunications services of quality, pay taxes and create employment. We support today more than 500 orphans in the whole country for their schooling and intend to make a partnership with the government to provide solar panels to schools and hospitals in rural areas " according to Ms. Tracy Mpofu, director general of the group of operations Econet Wireless.

Econet Leo is part of the group econet wireless, a pan-African group leader in the investment headquartered in Johannesburg, South Africa.

The group has econet wireless telecommunications operations and investment in Africa, Europe, South America, North America and East Asia and Pacific. The company has also investments in the banking sector, insurance, e-Commerce, renewable energy, education, mise en bottle of Coca-Cola, hôtellerie and solutions of payment.

The group econet wireless is working under the leadership of mr strive masiyiwa who is the founder and president of the board of directors of the group. He sits on the board of directors of the Rockefeller Foundation, to the committee in charge of foreign relations, the jury on development in Africa, to the advisory council of the Secretary-General of the United Nations for the development of renewable energy, at Morehouse College and the jury of the Humanitarian Award to the Hilton Foundation.

Mr Masiyiwa and his wife are funding the foundation higher life, which provides scholarships to more than 42000 African orphans, including a good number of beneficiaries are of Burundi.

Note to editors: any further information on the group econet wireless can be found on the web site:
Sure Kamhunga