By Agencies

Econet InfraCo, a subsidiary of Zimbabwe’s top mobile communications group Econet Holdings (ZSE: ECO) (Econet), has listed on a local dollar-indexed stock exchange.

The Victoria Falls Stock Exchange (VFEX) said in an update that the firm joined the platform on March 27, and its shares will start trading on March 31 under the ticker INFR.VX.

Speaking at the listing ceremony, Finance Minister Mthuli Ncube said Econet InfraCo debuts with a valuation of $1bn, which makes it the largest initial listing in the history of local capital markets.

“This demonstrates to the world that Zimbabwe is open for business and our regulatory frameworks are strong,” he said.

It becomes the 16^th equity stock on VFEX.

Econet will delist from the local currency-denominated Zimbabwe Stock Exchange (ZSE) on March 31, having listed in 1998.  Its shareholders recently approved a board proposal to exit the bourse after noting that the platform did not accurately value it.  They then decided to bring together the group’s towers, renewable energy and real estate assets under Econet InfraCo and list it on the VFEX.

According to Equity Axis on March 27, Econet was the ZSE’s largest, most liquid, and most internationally recognised counter.  It represented approximately one-third of the ZSE’s total market capitalisation at the time it issued its first cautionary announcement in December 2025, when its market cap was equivalent to approximately $628mn.

‘The removal of a counter of that size from the official list produces an immediate reduction in ZSE market capitalisation of approximately 20%, shrinks the exchange’s daily trading liquidity at a single stroke, removes the most internationally recognised Zimbabwean listed company from the exchange, and eliminates one of the few counters that institutional investors, including large pension funds and asset managers, held in meaningful size,” it wrote.