Econet defies ZSE, says EGM to go ahead

HARARE, February 2 (The Source) – Econet Wireless says its extraordinary general meeting to consider a proposed $130 million capital raise will go ahead as planned on Friday, setting itself on a collision course with the Zimbabwe Stock Exchange which directed the company to postpone… Read More

Econet FY PAT down 42 pct to $40mln

HARARE, May 31 (The Source) – Zimbabwe’s largest telecommunication company, Econet Wireless, on Wednesday reported a 42 percent fall in annual profit to $40 million, citing a high depreciation charge and the effects of a government sanctioned tariff cut. Government last year effected a 35… Read More