How to Buy Shares in Econet Zimbabwe

Econet, officially known as Econet Global Ltd, is a diversified telecommunications group with operations and investments in Africa, Europe, South America and the East Asia Pacific Rim, offering products.

Shares represent ownership of a company. When an individual buys shares in your company, they become one of its owners. Shareholders choose who runs a company and are involved in making key decisions, such as whether a business should be sold.

Learning how to invest is an important skill, therefore developing a base of knowledge that will help you understand how to invest and determine what might be a suitable investment for you is crucial to every investor.

Investing in the ZSE

Before the introduction of online trading platforms, investors would solely trade on ZSE through a registered stockbroker. With the technological advancements, Investors now have two channels when investing in the ZSE. One can trade through a stockbroker or through online platforms like ZSE Direct.

A stockbroker is a market professional who buys and sells securities on behalf of clients at a Stock Exchange in return for a brokerage commission. Licensed by SECZ and Member of the ZSE (

Why you need a stockbroker

One of the most important questions asked is why one needs a stockbroker when trading on the ZSE. The ZSE provides a secure and regulated trading environment where only registered ZSE market participants have direct access to the market for trading securities. Registered ZSE market participants typically act in the capacity of a stockbroker, executing purchase and sale transactions on behalf of investors in return for a service fee (brokerage).

An investor can choose whether to make their own decisions regarding what and when to buy and sell or seek advice from a professional or adopt both strategies.

Investing in the ZSE through a stockbroker

To start investing in the ZSE through a stockbroker, follow the below steps;

1. Open a Trading account

Practically more than one account is required for an investor to invest in the stock market. Bundled under the term “trading account” comprises the following:

A stockbroking trading account (with any of the current 20 stockbroking firms )

A Central Securities Depository (CSD) account

A custodial account (which can be provided by your stockbroker if they offer Broker controlled accounts or by one of the independent custody companies)

2. Submit Know Your Client (KYC) Documents

A trading account is opened  by completing and signing account opening forms at your preferred stockbroking firm and submitting the following KYC documents;

2. a) For individuals
Copy of ID (passport for foreign investors)

Proof of residence (utility bill within three months from date of processing in name of the account holder or accompanied by an affidavit from the lessor, if renting); and 2 passport-size photos.

2. b) For companies/trusts/estates/NGOs
Registration certificate;

List of directors/trustees  (CR14 etc.)

Registered office details (CR6)

Directors/trustees’ KYC (same as in Individuals)

3. Deposit investment funds with your custodian or stockbroker*

If your stockbroker acts as your custodian (broker-controlled account) you deposit funds into your stockbroker trust account and if you have an independent custodian from your stockbroker you deposit the funds into the custodian account.

NB* – funds need to be deposited only when you intend to buy from the stock market.

4. Place orders with your stockbroker

Once you have made a decision to buy or sell securities in the stock market, you need to contact your stockbroker and convey your desire emphasizing the type, quantity and limit price (if any) of the securities to be transacted.

Other information like the time period the order will be valid is also required.

Your stockbroker then sends your request to the ZSE Automated Trading System (ATS), where it is entered into a central order book with all the other requests to buy or sell shares.

If the price you want to pay is matched with a seller at the same price, the transaction takes place and you will become the owner of the shares you decided to buy.​

Information provided in this article is for educational purposes and does not constitute financial advice. You should obtain independent advice from a Registered Stockbroker or Financial Advisor before making any financial decisions.

For more information about how to invest in the ZSE, visit the ZSE training portal, email or interact with us on our social media platforms @Zimbabwe Stock Exchange on Twitter, Facebook, Linkedin and Instagram.

How much is one share of Econet?

ZWL 136.6673

The current share price of Econet Wireless Zimbabwe Limited (ECO) is ZWL 136.6673. ECO closed its last trading day (Monday, January 30, 2023) at 136.6673 ZWL per share on the Zimbabwe Stock Exchange (ZSE), recording a 0.5% gain over its previous closing price of 135.9917 ZWL.

How can I buy shares in Zimbabwe?

Steps to begin investing in the Zimbabwe Stock Exchange

  1. Open a Trading account. Practically more than one account is required for an investor to invest in the stock market.
  2. Submit Know Your Client (KYC) Documents.
  3. Deposit investment funds with your custodian or stockbroker.
  4. Place orders with your stockbroker.

Which companies are selling shares in Zimbabwe?


  • MARKET MAKERS. Akribos Securities (Pvt) Limited. Datvest Modified Consumer Staples ETF. Old Mutual Securities (Pvt) Limited. Old Mutual ZSE Top Ten ETF.
  • Akribos Securities (Pvt) Limited. Ingenium Capital (Pvt) Limited. Inter-Horizon Securities (Pvt) Limited. Morgan and Company (Pvt) Limited.

How much is EcoCash share?

ZWL 51.0657

The current share price of EcoCash Holdings Zimbabwe Ltd (EHZL) is ZWL 51.0657. EHZL closed its last trading day (Friday, January 27, 2023) at 51.0657 ZWL per share on the Zimbabwe Stock Exchange (ZSE), recording a 0.2% gain over its previous closing price of 50.9810 ZWL.