HARARE, Jul. 21 (NewsDay Live) – Newly listed infrastructure company Econet InfraCo says it deployed 90 new telecommunications base stations during the quarter ended May 31, 2026, while accelerating investments in solar power and artificial intelligence-driven infrastructure management as it pursues growth across its tower, energy and property businesses.
In its first quarterly trading update since listing on the Victoria Falls Stock Exchange (VFEX), the company said it continued to expand its integrated infrastructure platform comprising telecommunications towers, power infrastructure and property assets.
The company said the deployment of the new base station sites was aimed at strengthening network coverage and capacity for existing and prospective customers while supporting revenue growth through a co-location model that allows multiple operators to share infrastructure.
Econet InfraCo also expanded the use of artificial intelligence to improve predictive generator maintenance, optimise fuel consumption and enhance infrastructure reliability.
The company said its AI Fuel Manager had reduced energy consumption while improving network uptime, with AI-enabled remote monitoring systems and digital twin technology continuing to improve operational efficiency.
In its PowerCo division, Econet InfraCo said it continued rolling out solar systems at new and existing telecommunications sites to reduce dependence on diesel generators and cushion operations against Zimbabwe’s unreliable electricity supply.
The company said although geopolitical tensions in the Middle East had pushed up diesel prices globally, Zimbabwe had not experienced supply shortages.
“However, this global situation has driven an increase in the local cost of diesel. Consequently, our solar deployment programme forms a critical measure implemented by the business to ensure continued energy supply and operational resilience,” the company said.
- Simbisa Brands mulls VFEX listing
- Simbisa Brands listing boost for VFEX
- Simbisa unveils broad VFEX listing roadmap
- ‘Nedbank financial instrument listing on VFEX a game-changer’
Keep Reading
Beyond telecommunications, Econet InfraCo said it had commenced Phase One of its planned 100-megawatt solar farm, which will eventually supply renewable electricity to developments within the Econet Tech City project.
Its PropertyCo division maintained stable rental income during the quarter, while preparations continued for the flagship Tech City development in Harare and the Victoria Falls Lifestyle Villas project.
The company said groundbreaking for both developments is expected in the fourth quarter of the current financial year, adding that it had already received expressions of interest from prospective customers across various sectors.
Econet InfraCo said it had reinvested 17% of revenue generated during the quarter into capital projects as it continued to scale operations.
As this was the company’s inaugural trading update following its VFEX listing, no comparative financial figures were provided.
The board said financial performance remained broadly in line with projections contained in its pre-listing statement and that there had been no material changes to its financial position.
Looking ahead, the company said it would prioritise expanding its tower portfolio, accelerating solar power deployment and progressing the Tech City and Victoria Falls Lifestyle Villas developments, as it seeks to unlock value from its infrastructure assets.
