Econet shareholders to vote on ZSE delisting at February EGM

A billion-dollar telecom giant is about to yank itself off the ZSE, and Zimbabwe’s capital markets might feel that punch instantly.

Shareholders hold the trigger

• Econet Wireless Limited shareholders meet on February 26, 2026.
• About 14,300 investors will decide the delisting outcome.
• Econet Global Limited cannot vote on key resolutions.
• Final numbers at the EGM will settle everything.

The exit offer math

• Post-EGM, investors must pick between two paths.
• One option keeps shares trading over the counter on VFEX.
• The alternative pays US$0.17 cash per share.
• InfraCo scrip at US$0.33 totals US$0.50.

From startup to juggernaut

• Econet Wireless Limited secured a licence in 1997.
• July 1998 marked its network launch.
• September 1998 brought the ZSE listing.
• Staff grew from 50 to 1,023 by 2025.

Tech upgrades and subscriber surge

• 3G arrived in 2010, enabling EcoCash in 2011.
• Subscribers jumped from 1.2 million to 5.5 million.
• TN Bank was absorbed in 2012.
• 5G rollout in 2022 preceded 16.8 million users.

Market cap shockwaves

• Delisting slices roughly ZiG27 to 28 billion off ZSE.
• InfraCo’s VFEX listing could add US$1 billion there.
• Pension funds without USD access lose exposure.
• FBC Holdings and CBZ Holdings trail far behind.

Banking sector reality check

• All ZSE banks combine for about ZiG18.8 billion.
• Active bank accounts total 7.53 million nationwide.
• EcoCash’s scale dwarfs traditional lenders.
• Structural limits in banking look glaring.

What fills the gap

• Remaining ZSE counters seem smaller in pulling capital.
• ETFs and REITs have drawn fresh investor appetite.
• The market must expand or accept contraction.
• Just 14,300 votes steer a nation-sized subscriber base.