Victoria Falls, Mar. 27 (NewsDay Live) — Econet Wireless Zimbabwe has successfully listed its infrastructure subsidiary, Econet InfraCo, on the Victoria Falls Stock Exchange (VFEX), marking a pivotal milestone in both the company’s evolution and Zimbabwe’s capital markets.
The listing follows a strategic restructuring that consolidates Econet’s telecommunications towers, energy systems, and strategic real estate into a standalone infrastructure platform. The move creates a scaled, income-generating business designed to deliver stable long-term returns while positioning for expansion across critical sectors of the economy.
As part of the transaction, 25% of Econet InfraCo — valued at approximately US$250 million — was distributed to existing Econet shareholders as a dividend in specie, giving investors direct exposure to the platform’s future income streams and growth prospects.
The listing ceremony drew strong participation from government officials, regulators, capital markets leaders, and institutional investors, signalling growing confidence in both the InfraCo platform and Zimbabwe’s infrastructure investment story.
Minister of Finance, Economic Development and Investment Promotion, Professor Mthuli Ncube, described the development as a reflection of Zimbabwe’s economic direction and strengthening financial markets:
“The listing of Econet InfraCo on the Victoria Falls Stock Exchange signals the maturity of our capital markets and growing investor confidence in Zimbabwe’s infrastructure story. Infrastructure remains the foundation of sustainable economic growth.”
Econet InfraCo enters the market as a multi-asset platform spanning connectivity, energy, and property, with a focus on scale, operational efficiency, and long-term value creation.Chairman Godfrey Gomwe emphasised the platform’s readiness and execution focus.
“Econet InfraCo is already operating at scale — we are not building from scratch. Our focus is disciplined execution, strong governance, and unlocking the full value of our assets.”He added: “We offer investors a compelling proposition: yield today, growth tomorrow, and sustained value over time.”
- Mboweni mentors emerging entrepreneurs, calls for integrity in business
- Mboweni mentors emerging entrepreneurs, calls for integrity in business
- Zim tycoons elevate offspring to key roles
- Zim tycoons elevate offspring to key roles
Keep Reading
The listing positions Econet InfraCo as a credible, execution-led infrastructure vehicle capable of attracting both local and international capital, while supporting Zimbabwe’s long-term infrastructure development and digital transformation agenda.
Trading is expected to commence on Tuesday next week.
