Econet Wireless Zimbabwe, the country’s largest telecommunications operator, has announced that it has begun formal discussions with the Zimbabwe Stock Exchange (ZSE) regarding the publication of a shareholder circular outlining its proposed voluntary delisting from the local bourse.
In a further cautionary statement issued late Tuesday, the company revealed that it is also in talks concerning the potential listing of Econet Infrastructure Company (InfraCo) on the Victoria Falls Stock Exchange (VFEX). Econet InfraCo is the entity that owns the group’s real estate portfolio, telecommunications towers, and renewable energy assets.
Regulatory Engagements Underway
Group Company Secretary Tatenda Ngowe confirmed the ongoing regulatory consultations, stating that once these engagements are concluded, Econet will publish a detailed circular to shareholders. The document will outline:
- The full terms of the proposed delisting from ZSE.
- The simultaneous listing of Econet InfraCo on VFEX.
Ngowe added:
Accordingly, shareholders are advised to continue exercising caution when dealing in the company’s securities until a circular is published.
Background and Strategic Rationale
This latest update follows earlier cautionary announcements dated December 3 and 15, 2025, where Econet disclosed its intention to exit the ZSE. The company has argued that its share price on the local exchange is significantly undervalued, limiting its ability to raise capital for operational and expansion needs.
By moving to VFEX, Econet seeks to leverage the exchange’s USD-denominated trading environment, which offers investors protection against exchange control risks and currency volatility. The VFEX, launched in 2020, has become an attractive platform for companies seeking foreign currency liquidity and regional investor participation.
As of Tuesday, Econet’s share price closed at 674 ZWG cents (approximately $1.86) on the ZSE. The mobile operator commands a dominant position in Zimbabwe’s telecom sector, with:
- Over 16 million subscribers.
- More than 70% market share.
Founded in 1993 by Strive Masiyiwa, Econet Wireless Zimbabwe remains majority-owned by Masiyiwa through Econet Wireless Global.
