Econet InfraCo lists on VFEX

PHILLIMON MHLANGA IN VICTORIA FALLS
ECONET Wireless Zimbabwe has listed its infrastructure subsidiary, Econet InfraCo, on the Victoria Falls Stock Exchange (VFEX), bringing to a close a corporate restructuring that separates the group’s real estate and passive telecommunications assets into a standalone, publicly traded entity.
The milestone listing marks a strategic shift by the telecoms giant to unlock value from its infrastructure portfolio, while positioning InfraCo as a focused, asset-backed investment vehicle.
Following the distribution, Econet InfraCo’s shareholding structure will comprise 70% held by Econet and 30% by public shareholders, meeting the VFEX’s minimum free float requirements.
The newly listed entity will operate as an integrated real estate and infrastructure company, housing Econet’s property portfolio, passive telecommunications infrastructure, and renewable energy assets under one roof.
Speaking at the listing ceremony in Victoria Falls, Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube, hailed the development as a strong signal of capital market evolution.
“We are excited on this momentous occasion as we celebrate the listing of Econet InfraCo on the Victoria Falls Stock Exchange,” said Professor Ncube.
“The listing of Econet InfraCo is a statement that our capital market is growing.”
Professor Ncube added that Zimbabwe’s macroeconomic framework remains on a stabilisation path despite global headwinds.
“Even with the Middle East conflict, we still feel that we will be able to maintain single-digit inflation right through the year. We are very happy with this achievement and want to protect it, ensuring it becomes the new normal going forward,” he said.
“In line with these objectives, Government remains resolute in its commitment to creating an enabling and stable macroeconomic environment, strengthening institutions, and investing in critical infrastructure to unlock private sector capital and drive growth.”
He further noted that the listing reflects increasing sophistication within Zimbabwe’s capital markets.
“This is a milestone that underscores the growing sophistication of our stock exchange. It demonstrates that our regulatory framework is robust, ensures investor protection and accountability, and is flexible enough to accommodate innovative and complex corporate structures.”
The VFEX’s US dollar-denominated trading platform, tailored for export-oriented and asset-backed businesses,was identified by the Econet board as the most suitable listing venue for InfraCo’s business model.
According to a shareholder circular, valuation metrics applied to Econet InfraCo’s projected earnings point to an enterprise value of approximately US$1 billion, translating to an implied share price of US$0.33.
The listing is expected to deepen VFEX liquidity, while offering investors direct exposure to Zimbabwe’s growing infrastructure and real estate sectors.