Market intelligence, trend analysis and forecasts for the Telecoms industry across the regions

Industry / Zimbabwe

Econet Seeks US$307mn Financing For Capital Projects

April 2012 | Company News Alert

Econet Wireless, Zimbabwe's biggest telecoms service provider, is close to concluding negotiations with a consortium of international banks for a US$307mn syndicated loan facility to finance capital projects, according to the company's chief executive, Douglas Mboweni. Econet dominates Zimbabwe's mobile voice and data markets, a feat partly achieved by superior network investments compared to its competitors. BMI welcomes the prospects of more capital investments by Econet, which we expect to enable it to maintain dominance of the mobile market.

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