Econet InfraCo appoints Fayaz King as Chief Executive Officer

A billion-dollar infrastructure spin-off just snagged a former UNICEF heavyweight to steer it onto the Victoria Falls Stock Exchange.

Fayaz King takes the helm

• Econet Wireless named Fayaz King as Econet InfraCo CEO.
• King previously served as the company’s Chief Operating Officer.
• He left in 2019 for a UNICEF Assistant Secretary General role.
• March 1, 2026, marks his official start date.

VFEX listing and corporate shuffle

• Econet InfraCo plans a Victoria Falls Stock Exchange debut.
• Shareholders must approve Econet Wireless shifting from the Zimbabwe Stock Exchange.
• Parent company will move onto a VFEX Over the Counter platform.
• Listing is targeted for the end of March.

Financial muscle behind InfraCo

• Circular disclosed nearly US$150 million in annual revenue.
• EBITDA tops US$50 million for the unit.
• All borrowing sits with Econet Wireless, not InfraCo.
• Independent experts pegged the valuation around US$1 billion.

Business model and asset base

• Analysts compare InfraCo’s setup to a real estate play.
• Revenue comes from leasing towers, power, land, and buildings.
• Income streams are denominated in US dollars.
• Property holdings span land and structures nationwide.

Industrial Park near the airport

• Econet InfraCo controls 300 hectares in Harare.
• The site sits close to Robert Gabriel Mugabe International Airport.
• The company plans to roll out an Industrial Park there.
• Management can develop or offload properties at will.