Key Factors
- Econet to pay $16.3 million interim dividend as a part of efforts to reward shareholders and increase investor confidence.
- Knowledge visitors greater than doubled, voice volumes up 44%, as Econet expands 5G protection and rural connectivity infrastructure.
- EcoCash transactions rose 27%, whereas EcoSure and Maisha insurance coverage models recorded sharp membership progress throughout Fintech portfolio.
Econet Wi-fi Zimbabwe Restricted (Econet), the telecom large owned by Zimbabwe’s richest man, Try Masiyiwa, has introduced an interim dividend of $16.32 million, reaffirming its dedication to delivering shareholder worth amid stable operational efficiency.
Econet boosts dividend as digital companies increase
The $16.32 million dividend, set at $0.0063 per share, highlights the corporate’s drive to reward shareholders because it pivots towards a digital services-led mannequin. The payout comes as Econet continues to leverage its community infrastructure, monetary platforms, and synthetic intelligence to deepen buyer engagement and operational effectivity.
Throughout the quarter ended May 31, 2025, Econet recorded a big surge in information visitors, underpinned by sustained funding in community modernization. Knowledge utilization greater than doubled, whereas voice volumes rose 44 % year-over-year. This surge displays a rising client urge for food for connectivity and underpins Econet’s future income potential.
The corporate launched ten cost-effective base stations to enhance rural protection, deployed 20 new websites, and expanded 5G protection throughout 100 extra places in Zimbabwe—strikes geared toward strengthening its digital ecosystem and capability for future progress.
FinTech unit accelerates monetary inclusion
Econet’s FinTech arm, together with EcoCash and EcoSure, additionally delivered robust positive factors. EcoCash recorded a 22 % enhance in buyer exercise and a 27 % rise in transaction volumes, boosted by a 110 % enhance in pockets funding.
EcoSure, the corporate’s life insurance coverage service, grew coverage subscriptions by 43 %, whereas its short-term insurance coverage unit Moovah rose 69 % in policyholders. The medical insurance coverage platform Maisha posted a 92 % membership enhance, underscoring a profitable push into broader monetary companies.
Try Masiyiwa’s affect stays agency
Econet Wi-fi Zimbabwe, a key subsidiary of the Econet Group, has constructed a robust presence within the telecommunications trade, serving greater than 14 million subscribers over twenty years. Its operations span Africa, Europe, South America, and East Asia, reflecting its worldwide attain.
Try Masiyiwa, who owns a controlling 52.85 % stake in Econet, stays a dominant determine in Africa’s telecom house. With an estimated net worth of $1.2 billion, he’s among the many continent’s wealthiest people and a significant pressure in Zimbabwe’s digital economic system.
Econet’s regular progress and $16.32-million payout replicate not solely sturdy efficiency but in addition investor confidence in its technique to drive digital innovation and monetary inclusion at scale.
