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Message: [QUOTE="Queen, post: 86559, member: 27"] 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 [LIST] [*]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. [/LIST] VFEX listing and corporate shuffle [LIST] [*]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. [/LIST] Financial muscle behind InfraCo [LIST] [*]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. [/LIST] Business model and asset base [LIST] [*]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. [/LIST] Industrial Park near the airport [LIST] [*]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. [/LIST] [/QUOTE]

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