POTRAZ
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Telecel Zim dismisses “shutting down” rumours
Zimbabwe’s smallest mobile telecommunications company, Telecel Zimbabwe says it is in the business for the long run. This comes as reports have been circulating that the telecoms firm was facing closure. “Telecel Zimbabwe (Pvt) Ltd would like to assure all its stakeholders and customers, that while the Company is facing some challenges, the Company is…
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NetOne extends zero tariff model
Telecommunications giant NetOne has extended its zero-tariff transaction charges on its mobile money platform – OneMoney – to March 2020. The bold move by NetOne rides on the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ)’s abridged third quarter report for 2019, that saw One Money growing by 27% from 335,132 active mobile subscriptions to…
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POTRAZ Approves Mobile Tariffs Hike
The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has approved an upward 95,39 percent voice, data and SMS tariff adjustment for both mobile and fixed network operators as previous tariffs were ravaged by inflationary pressures. According to Potraz, in a circular to operators, previous tariffs that were set in August 2019 have been rendered…
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POTRAZ launches 2018 Consumer Satisfactory Survey Report
By Tatenda Mujeyi The Postal and Telecommunications Regulatory Authority (POTRAZ) has launched its 2018 Consumer Satisfaction Survey Report at its headquarters in Mount Pleasant, Harare, today. The survey is the third by the regulator and seeks to realise the level of satisfaction by consumers of the telecommunications, courier and Postal products in Zimbabwe every two…
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POTRAZ Will Continue Reviewing Telecoms Tariffs
Zimbabwe’s telecoms regulator, the Postal and Regulatory Authority of Zimbabwe (POTRAZ) says it will continue reviewing tariffs in line with cost movements and international best practices following concerns over the high cost of products in the country. Telecommunications service providers announced new tariffs effective April 1 in response to rising costs following the removal of…
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Foreign Partners Desert Telecom Firms Due to Inability to meet Payment Obligations in Foreign Currency.
Zimbabwe’s telecommunications companies are being deserted by their foreign partners that service and upgrade their systems due to inability to meet payment obligations in foreign currency. Telecommunication companies are not being prioritized in terms of foreign currency allocations by the Reserve Bank of Zimbabwe (RBZ), which has resulted in recent network problems. However, the regulator…
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Mobile Network Operators (MNOs) Record 36% Revenue Increase
Zimbabwe’s mobile network operators recorded a 36% increase in revenue to $1,1 billion in the full year to December 2018 despite a 25% increase in operating costs, POTRAZ reported. The country has three licensed operators, two of which are State-owned — NetOne and Telecel and a third which is privately-run, Econet. A sector report by…
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POTRAZ New Board Members
We can exclusively confirm that we now have the newly appointed Postal and Regulatory Authority Of Zimbabwe, POTRAZ Board, after months of nudging the parent ministry, well done to the newly appointed ICT Minister Hon Kazembe Kazembe for finally putting this matter to rest. The minister once asked about the board he responded promising that…
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POTRAZ Director-General Gift Machengete Trial Postponed To Next Week
The trial of Postal and Telecommunications Regulatory Authority, POTRAZ Director-General Gift Machengete who is being charged of criminal abuse of office failed to kick start yesterday as his lawyer Selby Hwacha told the court his client was attending a business conference in Victoria Falls. George Manokore representing the state consented to a postponement to the…
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Zimbabwe Telecommunication Firms Seek Tariffs Hike
The Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) says it is reviewing proposals by Mobile Network Operators (MNOs) for a tariff hike in light of movement in the exchange rate as determined on the inter-bank market. Potraz acting director general Kennedy Dewera yesterday said following the country’s Monetary Policy Statement (MPS) — which introduced…
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Sport and Recreation Council (SRC) Grilled Over $USD1,2m POTRAZ Loan to ZIFA
Debt-ridden Zifa has sunk into deeper financial problems, as the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) pursues the $1,2 million they loaned out to the football governing body. Zifa board member finance, Philemon Machana once mentioned that they were pinning their hopes on the government settling the Potraz debt, as it had the…
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Data, Internet to spur Econet’s 2019 revenue
Analysts have projected data and internet to drive telecoms giant Econet’s business post unbundling as full-year revenue for the financial year 2019 is expected to hit $678 million mark. This will represent a 20 percent jump ahead of $578 recorded in FY18. After becoming a fully converged telecommunications, media and technology business encompassing digital banking,…
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Zimbabwe’s Telecoms Sector Records 9,2% Revenue Growth in the Third Quarter to September, 2018
Zimbabwe’s Postal and Telecommunications sector registered a 9,2 percent revenue growth in the third quarter to September, 2018 on the back on increased usage of data and internet. In its Postal Telecommunication Sector Performance report for the third quarter, the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) said turnover grew to $435 million from…