ECONET Wireless Zimbabwe (Econet) says its implied equity value is in excess of US$1,78 billion, almost twice its Zimbabwe Stock Exchange (ZSE) market capitalisation of approximately US$902,58 million. The valuation is based on an alternative value discovery mechanism the group recently undertook to better facilitate value enhancement and preservation for shareholders. The telecommunication giant, which…
Econet values its equity at 2X market cap
Econet Tech City is a planned US$1 billion high-tech industrial park and self-sustaining smart hub in Harare, which spans an 800-acre site near Robert Gabriel Mugabe International Airport.