Econet InfraCo, the newly spun‑off infrastructure arm of Strive Masiyiwa’s telecom empire, has begun trading on the Victoria Falls Stock Exchange (VFEX) at a $1 billion valuation, marking the largest initial capital markets listing in Zimbabwe’s history, Business Insider Africa reported.
The infrastructure platform consolidates assets such as telecom towers, renewable energy systems, and strategic real estate previously held by Econet Wireless Zimbabwe, and lists under the ticker INFR.VX. The debut was achieved by introduction, meaning no new capital was raised at the time of listing; instead, 25% of InfraCo’s equity, valued at about $250 million was distributed to existing shareholders as a dividend in specie.
The milestone comes as Econet Wireless moved to delist from the Zimbabwe Stock Exchange, seeking a more accurate US dollar valuation and deeper liquidity on the VFEX. Masiyiwa’s move is widely seen as a strategic effort to unlock shareholder value and deepen Zimbabwe’s US dollar–denominated capital market.
Market observers say the historic listing not only reflects confidence in infrastructure assets but also signals growing ambition within Zimbabwe’s capital markets to attract both local and international investors through high‑profile, dollar‑valued securities.
