ECONET INFRACO EXPANDS INTO ULTRA-LUXURY TOURISM

Econet InfraCo, the newly listed billion-dollar infrastructure giant, has announced a bold expansion into Zimbabwe’s high-end tourism sector with the development of a multimillion-dollar luxury resort in Victoria Falls.

Named “Vic Falls Lifestyle,” the project represents a strategic pivot for the infrastructure platform, which recently debuted on the Victoria Falls Stock Exchange (VFEX) with a valuation of approximately US$1 billion. The development is designed to anchor the city’s status as a premier global destination, blending ultra-luxury residential living with world-class hospitality infrastructure.

The ambitious project will feature 40 exclusive residential villas set within a secure, gated environment. These villas are not merely standard holiday homes; according to Econet InfraCo’s Chief Executive Officer, Fayaz King, they are engineered to mirror the opulence of international presidential suites.

To support this “jet-set” clientele, the resort will boast an array of premium amenities, including gourmet restaurants, wellness centres, spas, and sports facilities such as tennis courts and swimming pools. Notably, the plan includes a 24-hour, 10-bed private hospital equipped for emergency and dental care, as well as a helipad to ensure seamless transfers for high-net-worth individuals.

Fayaz King, who returned to lead the infrastructure arm after a distinguished tenure at the United Nations, described the initiative as a landmark for the nation. “These will be among the most exclusive residential properties ever developed in Zimbabwe,” King noted. He emphasized that the resort aims to attract visitors who stay longer—two weeks or more—thereby generating significant foreign currency for the economy. The investment model is equally innovative: individual villas will be offered for sale to investors, who can use them for one month a year while placing them in a managed rental pool for the remaining 11 months.

The resort will leverage Econet InfraCo’s core strengths in digital and energy infrastructure. Each villa will be connected to high-speed fibre and satellite internet, while the entire 100-acre site will operate on its own independent power and water supply systems. This “city-within-a-city” concept mirrors the company’s other flagship project, Econet Tech City in Harare.

With land already secured and planning at an advanced stage, construction is slated to begin before the end of 2026. This development marks a new chapter for the VFEX-listed entity, proving that its physical backbone—once consisting primarily of towers and data centres—is now a sophisticated launchpad for the future of Zimbabwean luxury.