If you needed further proof that the Zimbabwean economy is harsh, well, here it is. Not only is Econet announcing their lowest profits in 5 years, those revenues and profits have been falling for three years running. The last time there was growth in revenue and profits was in 2014. In an economy where most companies are struggling to the point of posting losses and failing to pay employees, Econet is doing quite well. Considering the challenging operating and economic environment the fall in revenues is not too alarming and the decline was not too excessive. What challenges? This year was particularly difficult with the cash crisis impacting all businesses across sectors. The Zimbabwean government faced with fewer businesses to collect taxes from has been introducing new taxes to...
It has been a long time coming. The Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) won a tender way back in September 2015 to build a a regional Internet Exchange Point (IXP). Originally the IXP was supposed to be established by December 2016 which became May 2017 until it finally happened in November 2017. It wasn’t all POTRAZ’s fault that the project got delayed as they say funding was delayed. So the new IXP being called the Zimbabwe Internet Exchange (ZIX) was launched on the 7th of November. advertisement What is an Internet Exchange Point? It is a physical network access point through which major network providers connect their networks and exchange traffic. This allows network interconnection through the exchange access point instead of third-
Last week Techzim wrote about how three of our own companies; Liquid Telecom, ZOL and Econet Wireless had been nominated for the largest technology, telecoms and media event in Africa, AfricaCom’s awards ceremony. Let’s not mind the technicalities of that “our own companies” statement for now and just go with it, after all, it’s a good story ain’t it? Anyway, of the 3 companies that we stated, Econet Wireless made it! However since the award was a product/service centric award, it means that it’s not Econet as a company that won but rather its product/service EcoCash, EcoCash diaspora to be precise.Therefore, it follows that it wasn’t only Econet Wireless that was acknowledged for this service but Mahindra Comviva too since the service is a product of their partnership. The EcoCas
This is a Guest Post and does not reflect the thoughts and opinions of Techzim. We have a strong filtering process of what makes it to our blog and are confident that you’ll enjoy the article below. I was recently at a function, also attended by Telecoms Engineers and one of the things that really struck me was how these guys really were spot on with what I previously thought to only exist in the “ICT Domain”. My surprise was short-lived though when someone formally introduced us and I realised that this was a team of fellow ICT Practitioners who had “migrated“ to Telecoms. Also, it then made even more sense when I remembered that some four or five years back, Cosmas Mahuni hinted in a presentation at a similar gathering that ICTs seem to be fast becoming integral to almost
Some interesting stats on the report, just to highlight a few: In Q2 2017, our Mobile Internet data usage increased by 15.8% from 2,688,410GB (Q1) to 3,112,416GB. It also seems people are now interested in Voice calls again, excluding calls on Over The Top (OTT) services such as WhatsApp, total voice traffic increased by 6.3% to i.e. from 993,582,256 minutes to 1,055,844,283 minutes in Q2. Active fixed telephone lines increased by 3.7% from Q1 to Q2, though interestingly the fixed telephone revenues declined by 2.2%. The mobile penetration rate increased by 2.5% to reach 97% from 94.5% recorded in the previous quarter because of a 2.6% increase in active mobile subscriptions. Click on the link to download the complete report. Abridged_Sector_Perfomance_re
So according to the POTRAZ Q2 report, active fixed telephone lines increased by 3.7% from 257,626 to 267,034. And since TelOne is a monopoly (literally) in this field, it follows that we can use it to explain these changes. Active fixed telephone lines as far as POTRAZ is concerned, are those that have been used in the last 90 days in this case (01 April to 30 June 2017). It’s interesting to note an increase in active telephone lines considering how previous reports have suggested a shift from voice calls to Over The Top (OTT) services. Another interesting thing is that though active telephone lines increased, the fixed teledensity remained the same i.e at 1.9%. This suggests that the increase in subscribers was more of a result of customer retention than of new lin
Econet Wireless Zimbabwe maintained its leading market position with over 50% customer market share of the mobile industry, and 78% revenue market share ahead of its two main competitors NetOne and Telecel. According to the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz)’s latest industry report for the second quarter (Q2) of 2017, the mobile industry grew by 3% in the quarter (or by $5,8 million) from Q1, with the growth primarily driven by Econet, which contributed 69% (or $4,3million) of the $5,8 million growth. NetOne recorded a $1,7 million revenue growth in the quarter, while Telecel’s revenue declined by $0,3 million in Q2 of 2017. Potraz releases a quarterly telecom report showing the sector’s performance. The Q2 report revealed a margi
Are you always worried that your YouTube, Netflix or Spotify addiction will see you blast through your monthly data allowance? Well, Vodafone Passes have been unveiled to give unlimited data for key apps. There are four main passes available, grouped by type of app. There's the Video Pass, which is £9 per month (£7 initially as an intro offer) that includes Netflix, Amazon Video, YouTube, TV Player, Vevo and My5. That means you'll be able to watch (stream and download) as much movie, TV and video content you want from these apps, with no further cost each month. There's also the £5 per month Music Pass (Spotify, Tidal, Apple Music, Napster, Deezer, Soundcloud, Amazon Music) and Social Pass (Facebook, Twitter, Instagram, Pinterest), plus the £3 per month Chat Pass (
South Africa’s largest mobile carrier, Vodacom, is set to undergo a massive rebranding of the company in an effort to open up additional business opportunities with regards to an increasingly digital future. The update in branding is a global effort, with parent company Vodafone leading the change with a new logo (pictured below) and tag line which states: “The Future Is Exciting, Ready?”, according to ITNewsAfrica. The new logo enables 2D visualisation, with 34 countries set to experience the change, led by a selection of five key markets that includes South Africa. The red colour that has become synonymous with the brand remains unchanged, but the font used in the logo is updated. The new Vodacom logo as part of the company’s rebranding. Photo – MyBroadband Vod
Harare – Zimbabwe's Econet Wireless has disabled international payments and transactions on its Mastercard-linked EcoCash mobile money debit card, citing foreign currency shortages. EcoCash has over 5 000 registered users in Zimbabwe. Cash and forex challenges are worsening by the day in Zimbabwe. The government has criticised unnecessary spending, saying foreign currency should be used for key imports such as electricity, medicine and raw materials. READ: Zim platinum forex directive will hit suppliers hard - Implats The liquidity squeeze has seen banks impose limits on Visa and Mastercard cards. Holders of these cards require approval from their banks to use them abroad. Transactions disabled Econet informed EcoCash users of the transaction policy change on Wednesday.