Online Reporter
Business Reporter
Econet Infrastructure Company (Econet InfraCo), the Victoria Falls Stock Exchange (VFEX)-listed passive infrastructure subsidiary of Econet Wireless Zimbabwe, has posted solid maiden results reflecting the performance of the company’s three complementary business pillars: Tower, Power and Real Estate.
The company reported revenue of US$70.1 million and EBITDA of US$29.0 million for the six months ended August 31, 2026, achieving an EBITDA margin of 41.4 percent.
Company Chairman Godfrey Gomwe said management focused on operational resilience, asset utilisation and infrastructure expansion to support Zimbabwe’s digital economy and deliver sustainable long-term value for shareholders and other stakeholders.
He said heightened geopolitical tensions in the Middle East contributed to volatile global oil prices, increasing pressure on diesel and other energy costs. The pressures affected the cost of powering InfraCo’s tower portfolio, although the company experienced no material fuel supply disruptions and maintained operational continuity and service availability.
Mr Gomwe said InfraCo was accelerating site solarisation and deploying AI-enabled fuel management solutions to optimise diesel consumption, identify inefficiencies and strengthen monitoring. These measures are expected to improve infrastructure resilience, lower energy-related operating costs and support the company’s sustainability objectives.
He said during the period, InfraCo expanded its use of artificial intelligence in predictive generator maintenance, fuel optimisation and infrastructure reliability management.
“The phased rollout of its AI Fuel Manager is expected to reduce energy consumption and improve site uptime,” Mr Gomwe said, adding that development also continued on an AI-enabled Remote Monitoring System and Digital Twin initiatives to strengthen operational visibility, enhance asset performance and improve network reliability.
He noted that TowerCo deployed new base station sites to meet growing demand for network capacity and coverage. The investments responded to requirements identified by anchor customer Econet, which provides connectivity services across Zimbabwe.
Mr Gomwer said during the period under review PowerCo achieved a 30 percent reduction in fuel consumption “through a combination of site solarisation, AI-enabled fuel management and advanced battery cycling technologies”.
Construction began on Phase One of the planned 100MW solar farm at Tech City, with initial power generation expected in the fourth quarter.
The Real Estate business progressed planning and development work for Tech City and the Victoria Falls Lifestyle Villas, with preparatory work remaining on track, and groundbreaking expected in the fourth quarter of the financial year.
Mr Gomwe said the company’s revenue and EBITDA margin demonstrate the resilience of its infrastructure-led business model and the benefits of ongoing operational efficiencies, adding that the results provide a strong financial foundation for its strategic investment programme.
He said going forward the company was prioritising reinvestment in tower infrastructure, renewable energy projects and the property development pipeline.
