Econet values its equity at 2X market cap

Econet's fintech business recorded solid growth in transaction volumes and its customer base.

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…

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