NetOne held its 9th Annual General Meeting on 8 August 2025, where it reinforced its role as a key player in advancing Zimbabwe’s digital transformation.
The meeting highlighted the organisation’s continued dedication to nationwide network growth, tech-driven innovation, and impactful community programmes.
The AGM provided an opportunity to celebrate the milestones achieved in 2024 while also setting the tone for future progress. With a vision firmly grounded in measurable outcomes and strategic intent, NetOne demonstrated how leadership and purpose can drive meaningful change.
A standout highlight was the 110% surge in data revenue, pointing to a shift in consumer behaviour as more Zimbabweans embrace digital tools such as cloud services, online learning, and remote work platforms.
This was supported by the deployment of 86 new network sites, including 264 LTE and 16 5G-capable base stations, each providing a minimum of 4G connectivity. This infrastructure expansion underlines NetOne’s goal of delivering reliable and inclusive connectivity to both urban and remote communities.
The AGM also spotlighted NetOne’s social investment, with programmes aligned to the United Nations Sustainable Development Goals (SDGs). Under SDG 4 (Quality Education), five rural schools, including Nyamuroro Primary, were refurbished and equipped with computer labs to reduce the digital divide.
As part of its contribution to SDG 3 (Good Health and Well-being), the company supported clinics in places like Kwekwe and Chiweshe and introduced virtual telemedicine hospitals in five provinces.
NetOne also tackled social inequality and health under SDGs 5 and 10 through its #ImpactingLives initiative, which provided essential items like sunscreen and lip balm to people with albinism and distributed sanitary wear to girls. The company also rolled out 16 solar-powered nutritional gardens and drilled 20 boreholes across Zimbabwe’s ten provinces, including Gokwe Kana, promoting SDGs 2, 6, and 13.
Furthermore, NetOne spearheaded 30 clean-up campaigns nationwide, with major efforts in Harare’s city centre. These actions position the company as a key development ally in line with Vision 2030 and the National Development Strategy 1 (NDS1).
From a financial perspective, NetOne posted solid results. Revenue climbed by 62% compared to the previous year, primarily due to growth in data and voice services. The company also recorded a 68% boost in EBITDA, reflecting operational efficiency and a sound business model despite a challenging economic climate.
Stakeholders expressed confidence in the company’s direction, noting support from its shareholder, the Mutapa Investment Fund, and the Board. CEO Engineer Raphael Mushanawani’s leadership was recognised for guiding NetOne into becoming not only a telecoms provider but a national development force.
Looking forward, NetOne plans to introduce enterprise cloud services, expand its IoT product range, and continue deploying infrastructure in underserved areas. These strategies signal a clear commitment to building a digitally inclusive Zimbabwe where no community is left behind.
Ultimately, NetOne’s 9th AGM was more than a financial review; it was a declaration of intent. The company continues to solidify its role as a network builder, community upliftment partner, and a driving force in the nation’s technological advancement.
