Online Reporter
Nelson Gahadza
Senior Business Reporter
VICTORIA Falls Stock Exchange (VFEX)-listed Econet InfraCo says it has reinvested 17 percent of its revenue into capital projects as it accelerates the expansion of telecommunications, energy and property infrastructure.
The infrastructure company, which listed by way of introduction in March this year, said the reinvestment underscores its commitment to scaling operations across its three core business pillars: tower infrastructure, power infrastructure and property development.
In its inaugural quarterly trading update for the period ended May 31, 2026, Econet InfraCo said financial performance remained in line with projections in its pre-listing statement despite the absence of comparable historical figures following the recent listing.
“The board remains confident in the company’s ability to deliver sustainable and growing returns as the business scales,” the company said.
During the quarter, the company deployed 90 new base station sites as part of its strategy to expand telecommunications coverage and capacity while progressively installing solar systems at both new and existing sites to improve energy efficiency and network reliability.
The tower infrastructure business continued to focus on expanding its network footprint to meet growing demand from existing and prospective customers, with management saying the rollout of new sites was designed to drive revenue growth through a capital-efficient co-location model.
“Negotiations with potential new tenants are also underway,” reads part of the update.
On the energy front, Econet InfraCo said it had intensified investments in renewable energy as part of efforts to reduce dependence on diesel-powered generators amid rising global fuel prices.
The company noted that although geopolitical tensions in the Middle East had disrupted diesel markets internationally, Zimbabwe had not experienced supply shortages.
However, it said higher diesel prices reinforced the importance of accelerating solar deployment across its operations.
The company said during the quarter under review, it commenced phase one of a planned 100-megawatt solar farm, which is expected to provide clean energy to developments within the Econet Tech City once completed.
