Econet Wireless Zimbabwe finished upgrading its network system during the second half of the year ending February 2025. The company built 77 new base stations and improved 546 radio access sites across the country. Workers also upgraded 365 microwave links and added 60 new 5G sites nationwide. The improvements help customers receive faster internet and better phone service. Rural areas received 10 special lightweight towers that bring mobile coverage to remote places.
Chairman Dr James Myers said data usage jumped 36 percent and voice calls increased 23 percent compared to last year. The modern network allows Econet to create new services for customers who want different options. Company profits stayed strong at 47 percent despite heavy spending on equipment upgrades. Econet spent 16 percent of its earnings on new technology and tower construction.
EcoCash mobile money service grew rapidly with transaction amounts rising 210 percent from the previous year. The insurance businesses made 35 percent more money as customers bought more digital products. Econet plans to use artificial intelligence software to make operations run smoother and cost less money. The company wants to add more services and keep growing across all business areas.
Chairman Dr James Myers said data usage jumped 36 percent and voice calls increased 23 percent compared to last year. The modern network allows Econet to create new services for customers who want different options. Company profits stayed strong at 47 percent despite heavy spending on equipment upgrades. Econet spent 16 percent of its earnings on new technology and tower construction.
EcoCash mobile money service grew rapidly with transaction amounts rising 210 percent from the previous year. The insurance businesses made 35 percent more money as customers bought more digital products. Econet plans to use artificial intelligence software to make operations run smoother and cost less money. The company wants to add more services and keep growing across all business areas.
