MARKET analysts are forecasting a strong return to profitability for Econet Wireless Zimbabwe, with its share price projected to surge by over 60 percent in the coming months.
This optimistic outlook follows the company’s successful capital raise of over US$30 million through debentures, aimed at addressing its foreign debt burden.
Econet Wireless, a leading player in Zimbabwe’s telecommunications and technology sector, has faced significant financial challenges due to its substantial foreign debt obligations.