Econet still pushing subscriber base
TELECOMS| July 27, 2012, 4:42 p.m.
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.
MORE TELECOMS NEWS
WIOCC appoints new Sales DirectorNikki Popoola has joined WIOCC as Director – Sales, where she will be helping international carriers procure simple solutions to their complex connectivity challenges into and within Africa. Read More
Nigeria's telco InterC Network targets 10m customersCDMA telco Intercellular has staged a come-back as InterC Network, with a target of capturing 10 million customers in the next five years. Read More
MTN Rwanda launches Business Call Assist for SMEsMTN Rwanda has launched a cost-effective answering position and personal call management tool designed specifically for small and medium enterprises. Read More
Airtel Ghana launches groundbreaking home solutionAirtel Ghana has launched a groundbreaking home solution dubbed Airtel Quonect to provide unparalleled Communication, Connectivity and Collaborative solutions for the modern home. Read More
Ghana Chamber of Telecoms appoints Vodafone CEO as new board chairmanThe Ghana Chamber of Telecommunications has appointed the CEO of Vodafone, Ms. Yolanda Cuba, as Chairperson for the ensuing year, with MTN CEO Ebenezer Asante as Vice Chair. Read More
Telecoms Hall of Fame inducts Glo chairman, AdenugaGlobacom has been named best mobile operator for the year 2016, while its chairman, Dr. Mike Adenuga Jr., has been inducted into the Telecoms Hall of Fame for Telecoms Development as a Platinum member. Read More
Etisalat kicks off Nigerian photo competitionEtisalat Nigeria, in line with its commitment to promote innovation and creativity, has announced the opening of the 2016 Etisalat Photography Competition. Read More
Tigo Ghana rewards customer loyalty with new promoTigo Ghana has launched another promo geared towards rewarding and appreciating its customers. Read More
NCA to prosecute mast owners who host illegal transmission equipmentGhana’s telecoms regulator the National Communication Authority (NCA) has sounded a word of caution to operators of communication masts in the country to desist from hosting illegal transmission equipment off their masts or face prosecution. Read More
FEATURED STORYFinancial services sees AI as both opportunity and threat
Banking is already a key area where technology is having an impact throughout Africa, and a new survey assesses the impact artificial intelligence will have on this sector.
BEST READ NEWS
IN DEPTHAccess and Use of ICT stats released
Statistics Botswana has released the first results of the 2014 Information and Communication Technology Household Survey.
COMPANY NEWSTigo explores options to give customers a greater choice for 4G services in Ghana
Following her recent visit to Ghana, Cynthia Gordon, the CEO of Millicom Africa, has emphasized the remarkable growth opportunities in data and Tigo’s commitment to giving customers ...