Breaking News

Econet share price up

by Business reporter
17 January 2013 | 3279 Views
Econet Wireless Zimbabwe (Econet)'s share price yesterday advanced 5,11 cents to close at 485,11 cents on the Zimbabwe Stock Exchange (ZSE) as the mobile network operator hit eight million subscribers.

The group dominates the mobile market in Zimbabwe, which has a 12 million population.

Christopher Mugaga, an independent analyst, said the rise in Econet's share price could be an
indicator of confidence and customer satisfaction.

"The advancement is an indication that subscribers are happy with the service rendered, although there are other factors that influence a firm's stock," Mugaga said.

George Barbaressos, Econet's commercial director, has said demand for the network's lines remained "very, very strong" and the key factor in its dominance is investment.

"We have spent and continue to spend more money on our network than all our competitors combined," he said.

"People have realised that we offer the best in terms of value for money, product range, coverage and customer service" Barbaressos said.

The subscriber growth is driven by the company's Buddie Zone, a discounted talk-time promotion largely borrowed from South Africa's MTN.




Meanwhile, ZSE's benchmark industrial index closed higher for the ninth consecutive day yesterday gaining 0,41 to settle at 160,65 points.

The resources index was, however, unchanged at 72,25 points.

Econet

Source: dailynews

Should Zimbabweans be deported from the UK?

Yes
25.77%
No
71.78%
Not sure
2.45%
163

Comments

News Updates

Email:

Latest News

Zimta Bereavement fund, mourners left stranded

by Concerned Citizen | 17 April 2014 | 555 Views

Mugabe and wife host kids party

by Staff Reporter | 17 April 2014 | 723 Views

Car overturns twice - WhatsApp update

by Accident victim | 17 April 2014 | 1978 Views

New minimum age for public transport drivers - The government is cons...

by Staff reporter | 17 April 2014 | 2580 Views

Mugabe's cabinet reshuffle won't get Zim out of the woods

by Staff reporter | 17 April 2014 | 2568 Views

Queen Elizabeth II congratulates Zimbabwe on turning 34

by Staff reporter | 17 April 2014 | 1804 Views

Veteran journalist survives carjacking - Zimbabwe Independent news edi...

by Staff Reporter | 17 April 2014 | 1783 Views

Road accident, driver dies on the spot - WhatsAp update

by Concerned Citizen | 17 April 2014 | 2423 Views

MDC-T officials willing participants in Zanu-PF factional fights - The...

by Thabani V Mpofu 4 Justice | 17 April 2014 | 1110 Views

Independence, Zimbabwe's own Passover and Easter - The Independence Da...

by Tafara Shumba | 17 April 2014 | 569 Views

ZITF 2014, 'New ideas to New Heights' - This year's 55th edition of t...

by Peacemaker Zano | 17 April 2014 | 399 Views

Appealing for university funding - How are you everybody, I am writing...

by Josiah Zhou | 17 April 2014 | 1065 Views

Obama's Zimbabwe Independence Day message

by Staff Reporter | 17 April 2014 | 5812 Views

Zanu-PF's 34th independence message

by Zanu-PF | 17 April 2014 | 999 Views

Tsvangirai's Easter and Independence Day message to the people of Zimbabwe

by Morgan Tsvangirai | 17 April 2014 | 1867 Views

Extra lessons pay dividends

by Tafara Shumba | 17 April 2014 | 1462 Views

Mugabe adds another twist to Zanu-PF succession debate

by Staff reporter | 17 April 2014 | 4897 Views

'Fear rife in Tsvangirai's MDC-T,' says Matinenga

by Staff reporter | 17 April 2014 | 1722 Views

Police warn of Easter road blitz

by Staff reporter | 17 April 2014 | 894 Views

Disabled man divorced over sex - A physically-challenged man yesterday...

by Staff reporter | 17 April 2014 | 3256 Views

Prophet Angel's football prophecy lawsuit challenged

by Staff reporter | 17 April 2014 | 2652 Views

'Govt needs to review drivers' licensing law,' says Obert Mpofu - Gove...

by Richard Chidza | 17 April 2014 | 2590 Views

A Level whizzkid heads to Harvard - A Zimbabwean student who scored ...

by Staff reporter | 17 April 2014 | 3622 Views

Axed Zupco employees besiege offices - More than 30 former southern r...

by Staff reporter | 17 April 2014 | 1394 Views

Tsvangirai snubbed - The local leadership of the Movement for Democra...

by Staff reporter | 17 April 2014 | 2618 Views

'We can't single-handedly topple Mugabe,' says MDC-T - MDC-T national...

by Bridgette Bugalo | 17 April 2014 | 1624 Views

Mugabe to wield axe - PRESIDENT Robert Mugabe is mulling a roots and ...

by Staff reporter | 17 April 2014 | 3049 Views

Entertainment

Tuku Greatest Hits Concert postponed - Oliver Mtukudzi's Greatest Hits...

by Staff reporter | 16 April 2014 | 1070 Views

'Corruption is betrayal of the values of the liberation struggle' says...

by Jonathan Mbiriyamveka | 16 April 2014 | 1613 Views

Stand Up comedian to record one man show in Zimbabwe - Daliso Chaponda...

by Staff reporter | 16 April 2014 | 995 Views

L'Vovo Derrango billed for Bulawayo show - THOSE attending the Zimbabw...

by Bongani Ndlovu | 16 April 2014 | 1037 Views

Artist Profile - Interview with D2X

by Staff Reporter | 14 April 2014 | 1405 Views

Generations actor's Bulawayo show flops

by Showbiz Reporter | 14 April 2014 | 5516 Views

Mukanya gets 'wild' applause - Self exiled legendary musician Dr Thoma...

by Staff reporter | 13 April 2014 | 5048 Views

Freshlyground to perform in Zim's HIFA after insulting Mugabe - South...

by Arts reporter | 13 April 2014 | 3449 Views

Generations' actress draws big crowd

by Staff Reporter | 13 April 2014 | 5236 Views

Generations actress in Zimbabwe - GENERATIONS, a South African soapie ...

by Bongani Ndlovu | 12 April 2014 | 2940 Views

Farai & The Forest Dawn to rock Zim Achievers Awards

by Arts Correspondent | 11 April 2014 | 1864 Views
iBlog

Political Rights In Zimbabwe According To The New Constitution

chapter 4declaration of rightspart 1application and interpretation of chapter 4***67 political rights***(1) every zimbabwean citizen has the right—(a) to free, fair and regular elections for any elective public office established in terms of this ... Read More
iNdabaNdaba 22 December 2013 ago

Snake Girl Attracts Crowd & Tourists To Thailand

I think this is another hoax going around the internet today. online reports claim that 8 year-old mai li fay, from bangkok, is far from living the usual life of a girl her age. everyday, thousands of people gather to the front of her family's house ... Read More
Malema 15 January 2014 ago