Econet is delisting from the Zimbabwe Stock Exchange
In today's Techpoint Digest, we discuss Econet's delisting from the Zimbabwe Stock Exchange, Ghana legalising cryptocurrency trading, and Microsoft reportedly laying off 5-10% of its workforce in 2026.
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Aloha,<br />
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Victoria from Techpoint here,<br />
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Here’s what I’ve got for you today:<br />
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Econet is delisting from the Zimbabwe Stock Exchange<br />
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Ghana legalises and regulates cryptocurrency trading<br />
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Microsoft might axe 5–10% of workforce in 2026<br />
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Econet is delisting from the Zimbabwe Stock Exchange<br />
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Image source: The Herald<br />
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Econet Wireless says it has started talks with the Zimbabwe Stock Exchange (ZSE) over issuing a circular to shareholders about plans to voluntarily delist from the bourse. This came after the telco kicked off plans to delist from the exchange two weeks ago, ending years of public trading at what it says has been a stubborn valuation discount. The company, controlled by billionaire Strive Masiyiwa, says the move is part of a broader restructuring aimed at finally unlocking shareholder value.<br />
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At the heart of the decision is frustration. Econet says it has consistently traded well below regional telecom peers, many of which are valued at 6–8x EV/EBITDA after separating their infrastructure businesses. In simple terms, similar African telcos restructured, investors rewarded them, and Econet believes it has been left behind.<br />
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Rather than sell off its towers outright, Econet plans to spin out its infrastructure assets into a new company — Econet Infrastructure Company Limited — and list it on the Victoria Falls Stock Exchange (VFEX). The telco, which revealed it is in discussions late Tuesday to do so, said the new entity will hold towers, power, and real estate assets, while Econet keeps a 70% controlling stake. <br />
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This matters because infrastructure separation has become a proven value-unlocking playbook across African telecoms. MTN, Airtel, Vodacom, and Orange have all either sold or carved out their towers, attracting long-term capital and sharpening focus on core telecom services. Econet is now aligning itself with that same model, just on its own terms.<br />
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For shareholders, the delisting won’t be abrupt. Econet plans to offer a voluntary exit ahead of the move, allo...
