Econet Wireless Zimbabwe Limited (Econet) has officially delisted from the Zimbabwe Stock Exchange (ZSE) following approval by the Securities and Exchange Commission of Zimbabwe (SecZim).
The telecoms group sought voluntary delisting from the trading platform citing that in the last several years the company has traded at a significant discount to its peers across the continent.
“As required by Section 64 (1) (a)(i) of the Securities and Exchange Act [Cap24.25], the ZSE sought and was granted permission by the SecZim to delist Econet from the ZSE’s official list,” said ZSE Limited group chief executive Justin Bgoni.
He said Econet securities “will no longer be traded on the ZSE with effect from 1 April 2026, in terms of Section 15 (d) of the ZSE Listing Requirements.”
The termination is with effect from 31 March 2026.
Econet shareholders met on 26 February 2026 and passed the resolution for the voluntary termination of its listing.
Following the move to delist, Econet proposed the listing of Econet InfraCo on the Victoria Falls Stock Exchange by way of introduction subject to shareholder approval of the voluntary delisting.
Econet InfraCo is a wholly owned subsidiary of Econet that owns real estate, passive telecommunications infrastructure and power assets. – TML