Econet H1 profit down 37 percent

HARARE, October 31 (The Source) – Zimbabwe’s largest telecommunications company, Econet Wireless, has reported a 37 percent decline in after-tax profit in the half year ended 31 August 2016, as revenues continue to decrease in a worsening economy. In results released on Monday, Econet said… Read More

NetOne says daily revenue now at $400k

HARARE, August 23 (The Source) – Mobile operator NetOne says that its average daily revenue has grown to about $400,000 in August from $300,000 in June, driven by an increase in subscribers. Latest data from the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) shows… Read More

Building Africa’s Knowledge Economy

By Simplice A. Asongu – Development economists often differ with one another, but they agree on this: the knowledge economy will be the foundation of every nation’s progress in the twenty-first century. Yet while East Asia and other regions have been making substantial gains in… Read More

Zim telcos raise $20mln for ICT fund

HARARE, July 27 (The Source) – Government says telecommunication companies have contributed over $20 million to a mooted ICT Youth Innovation Fund to provide seed capital to local start-up techies. The fund is a collaborative effort between the ICT ministry, the regulator Postal and Regulatory… Read More