Zimbabwe's NetOne telecom declared technically insolvent, liabilities exceeding assets by ZWL$32bn in 2022.

NetOne Private Limited, a telecommunications company in Zimbabwe, has been declared technically insolvent by acting Auditor-General Rheah Kujinga, with liabilities exceeding assets by ZWL$32bn as of 2022. The company's total liabilities have outstripped its total assets, raising significant doubts over its ability to continue operating as a going concern. Additionally, NetOne has faced a decline in active subscribers, recording a 5.52% decrease in the first quarter of 2024, and a contracted market share by 6.66 percentage points.