The company said the introduction of the new tower supports its capital-efficient colocation strategy, and negotiations are underway to bring in additional tenants to drive future revenue growth.
Econet InfraCo listed on the Victoria Falls Stock Exchange (VFEX) reported significant operational progress in its first quarterly trading update since going public, highlighting continued expansion of its communications infrastructure, renewable energy investments and artificial intelligence (AI)-driven operations. The company said it remains focused on growing its integrated infrastructure platform, which combines tower infrastructure, power services and real estate development.
Econet InfraCo deployed 90 new base station sites during the quarter ending May 2026 to enhance network coverage and capacity, while continuing to deploy solar PV systems across new and existing sites. The company said the introduction of the new tower supports its capital-efficient colocation strategy, and negotiations are underway to bring in additional tenants to drive future revenue growth.
The company also accelerated the adoption of artificial intelligence across its operations to improve infrastructure performance. AI technology is currently being used for predictive maintenance of generators, fuel optimization, and improving the reliability of communications infrastructure. Econet InfraCo said its phased deployment of AI Fuel Manager reduced energy consumption while improving network availability and uptime. Meanwhile, AI-powered remote monitoring systems (RMS) and digital twin initiatives are contributing to improved operational efficiency across tower infrastructure.
Through its PowerCo division, the company continued to expand its renewable energy solutions by reducing dependence on diesel generators and introducing solar power systems to improve energy resiliency. While geopolitical tensions in the Middle East have led to rising diesel prices globally, Econet Infraco said Zimbabwe is not experiencing any supply shortages. However, rising fuel costs have reinforced the company’s strategy to accelerate the deployment of solar power to ensure reliable and cost-effective power for telecommunications infrastructure.
The company is also advancing its broader energy-as-a-service strategy with the commencement of the first phase of a 100MW solar power plant that will ultimately provide clean energy for developments within Econet Tech City. The project forms part of the company’s long-term strategy to diversify its infrastructure business beyond telecommunications.
Econet InfraCo’s PropertyCo business also recorded stable performance during the quarter, generating stable rental income in line with market conditions. The development of Harare’s flagship Tech City project and Victoria Falls Lifestyle Villas is on schedule, with groundbreaking on both developments expected during the fourth quarter of the financial year. The company said it has already received strong expressions of interest from potential customers across multiple sectors.
On the financial front, the company reported that its results for the quarter were in line with expectations outlined in its pre-listing statement. As this is the first trading update following VFEX listing, no comparative figures were provided. Econet InfraCo also revealed that it reinvested 17% of revenues generated during the period into capital projects, underscoring its commitment to long-term infrastructure expansion.
Looking ahead, the company said its priorities for the remainder of the year include expanding its communications tower portfolio, accelerating the deployment of solar energy infrastructure, and making progress on construction of its Tech City and Victoria Falls lifestyle villa projects. The Board of Directors expressed confidence in the Company’s ability to achieve sustainable growth and create long-term value for shareholders as it continues to expand its integrated infrastructure platform.
