Econet Wireless, Zimbabwe’s leading mobile operator, has injected $55 million in alternative power sources last year. “The firm has invested more than $55 million into alternative power sources, of this amount, $7 million were used to run diesel-powered generators,” said James Myers, Econet’s director.

The difficulty to get power was one of the main reasons behind the firm’s performance plunging. Its revenues have indeed slumped from $746 million in 2015 to $641 million in 2016. Over the same period, the group’s profits also dropped by 43% from $70 million to $40 million.

During the past year, Zimbabwe experienced a severe energy crisis which should, according to government’s projections, be solved this year.

Gwladys Johnson