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Econet Reports Revenue Growth and Expands AI, Digital Services

lite News Desk 2 min read

At a glance

  • Econet Wireless Zimbabwe recorded 21% revenue growth for H1 2026.
  • EcoCash Super App surpassed one million downloads by August 2026.
  • Econet InfraCo achieved a 30% reduction in fuel consumption.

Econet Wireless Zimbabwe reported increased revenue and digital service adoption in the half-year ended 31 August 2026, reflecting changes in technology use and operational focus within the company.

During this period, Econet Wireless Zimbabwe recorded a 21 percent rise in revenue. The company’s capital expenditure accounted for 13 percent of its revenue, supporting infrastructure and technology initiatives. Data traffic grew by 60 percent, while voice traffic rose by 21 percent over the same timeframe.

Econet AI expanded its workforce by recruiting more than 100 engineers and specialists by the end of August 2026. The company introduced the EcoCash Super App, which surpassed one million downloads during the half-year period. These developments contributed to the company’s digital services momentum.

Econet InfraCo, a subsidiary, generated US$70.1 million in revenue and achieved an EBITDA margin of 41.4 percent in the half-year ended 31 August 2026. The company also reported a 30 percent reduction in fuel consumption, indicating efforts to improve operational efficiency and sustainability.

What the numbers show

  • 21% revenue growth for Econet Wireless Zimbabwe in H1 2026.
  • EcoCash Super App reached over one million downloads by August 2026.
  • Econet InfraCo reported US$70.1 million revenue and 41.4% EBITDA margin.
  • Data traffic increased by 60% and voice traffic by 21% in H1 2026.
  • Capital expenditure was 13% of revenue for the half-year period.

Construction began on Phase One of a planned 100 MW solar farm at Tech City during the half-year period, according to Econet InfraCo. This project forms part of the company’s infrastructure and energy initiatives.

Econet partnered with Cassava AI to access NVIDIA accelerated computing infrastructure, which supports AI solutions for sectors such as telecommunications, finance, agriculture, insurance, mining, healthcare, retail, logistics, education, and government. This collaboration is intended to enhance AI capabilities across multiple industries.

Econet chairman Dr James Myers said in a statement that AI has moved from experimentation into core operations and product development. According to Myers, AI is now embedded in customer experience, network optimisation, operational efficiency, product innovation, and the creation of new revenue streams.

These developments reflect Econet’s focus on expanding digital services, increasing operational efficiency, and investing in new technology and infrastructure during the half-year ended 31 August 2026.

* This article is based on publicly available information at the time of writing.

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