Zimbabwean billionaire Strive Masiyiwa's InfraCo has lost a third of its value since March
Econet InfraCo has fallen from 33 cents to 22.79 cents since listing in March, wiping about $309 million off a company valued at $1 billion.
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Econet InfraCo has fallen from 33 cents to 22.79 cents since listing in March, wiping about $309 million off a company valued at $1 billion.
Strive Masiyiwa's $1 billion Econet InfraCo listing has helped Zimbabwe's Victoria Falls Stock Exchange overtake the 132-year-old Zimbabwe Stock Exchange by market value.
Econet InfraCo says it will build a luxury Victoria Falls resort with 40 villas, premium amenities and a 10 bed private hospital.
Strive Masiyiwa's Econet InfraCo has listed on Zimbabwe's Victoria Falls Stock Exchange at $1 billion, the largest initial listing in the country's capital markets history.