Econet still pushing subscriber base

TELECOMS

|
Image: Douglas Mboweni. By Econet
Douglas Mboweni

By Alfonce Mbizwo, Harare, Zimbabwe

Econet is still focused on increasing subscriber numbers while continuing to develop its data product in line with international trends, chief executive Douglas Mboweni told the group’s AGM today.

Mboweni said the group will change focus to usage and other overlay services once 100% penetration is achieved.

He added that the penetration rate is currently at 78% and will reach 100% in 2014.  He said an increase of 10 mobile phones per 100 people boosts GDP growth by 1.2% in developing countries.

“In terms of internet penetration, Zimbabwe at 30% is ahead of the African average of 17% and slightly below the world’s average at 32%.

Mboweni said the country’s tariffs,  often said to be high, were very competitive, with Econet’s peak tariffs of 20 cents way below MTN (SA)’s 33 cents, Vodacom (SA)’s 31 cents but above Airtel Zambia’s 19 cents and Botswana’s Mascom at 18 cents.

He added that Econet’s tariffs had remained at current levels despite the increased costs brought by the need to power base stations with generators.

Mboweni said there were still a lot of opportunities for Econet to pursue in the ICT industry, giving an example of EcoCash, where he says there is potential to tap into the R5 billion sent home by Zimbabweans working in South Africa. He also talked about opportunities in “e-government, e-learning, telemedicine and e-health.

He said at least 2.5 million subscribers were connected to the broadband, while 1.5 million previously unbanked individuals were connected to EcoCash. He said the group had 31 New Generation Shops, 1 000 direct employees and had created 20 000 employment opportunities. 



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE TELECOMS NEWS

MTN Ghana witnesses massive subscription through iFest

MTN Ghana says it recorded close to 25,000 new data subscriptions through iFest last year, indicating that iFest has been very well received in Ghana.  Read More

BotswanaPost and ZimPost in money transfer deal

BotswanaPost and its counterpart in Zimbabwe, ZimPost, have announced the introduction of the first inter-postal money transfer corridor.  Read More

MTN, Huawei trial 2.4T WDM system

MTN, Africa's largest telecommunications operator and Huawei today announced the successful live trial of a Transport Software-Defined Networking (SDN) and 2.4Tbit/s wavelength-division multiplexing (WDM) system.  Read More

Tigo supports 19th Ghana journalist awards

Mobile Network Operator Tigo Ghana has presented 10 tablets valued at GHC20,000 to the Ghana Journalists Association (GJA) towards the annual Journalist Awards scheduled to take place at the Banquet Hall, State House, Accra.   Read More

Africell DRC to launch 3G services end-2014

Africell DRC is set to launch its 3G services at the end of the year, a source close to the company told Biztechafrica this week. Read More

The impact of Movitel on ICT in Mozambique

Movitel is reported to be contributing to changing the information communication landscape in Mozambique. Read More

SSA telecoms growing faster than any other region

The African telecoms market is set to be one of the main growth success stories for the telecoms sector in the next 5 years, according to a new report. Read More

Tigo introduces unified short code for products and services

Tigo Ghana has announced the installation of a world-class IVR (Interactive Voice Response) that will give both its pre-paid and post-paid customers the opportunity to access all its product through a unified short code, 555.  Read More

TNM to conduct biggest promotion pay-out

TNM will on August 26 splash out over K100 million in its Ufulu@50 Promotion, the biggest payout in a single day in the history of promotions in Malawi. Read More

We don’t patronise fake OEMs, says Glo

Globacom has said it does not patronise substandard original equipment manufacturers (OEMs) and telecoms equipment vendors.  Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionSage HR AfricaMTN BusinessSchneider ElectricMultichoice

FEATURED STORY

Safaricom-Equity battle for mobile banking hots up Safaricom-Equity battle for mobile banking hots up

Equity bank's entry to the mobile banking and telephony industry is still hanging in the balance with London-based global association of mobile operators (GSMA) calling for independent audit. 

IN DEPTH

Kenya rolls out e-extension to improve agricultureKenya rolls out e-extension to improve agriculture

In a bid to curb the overwhelmed number of agricultural extension officers in Kenya, the ministry of agriculture is embracing technology with their introduction of E-Extension services, which are aimed at reaching out to over 7 million farmers annually.