Telecom

Econet Wireless Zimbabwe Accelerates 5G Rollout to Boost Digital Inclusion

Econet Wireless Zimbabwe Accelerates 5G Rollout to Boost Digital Inclusion
Thursday, 21 November 2024 12:27

The expansion of 5G in Africa is vital, aligning with global digital transformation trends and meeting the continent's increasing demand for high-speed connectivity. This development is essential to keep up with the growing need for faster internet access across the region.

Mobile network operator Econet Wireless Zimbabwe (EWZ) is intensifying its rollout of 5G technology, adding 32 new base stations in Harare and planning an additional 120 sites. This was revealed in the operator’s Unreviewed Abridged Consolidated Interim Financial Statements for the Half Year ended 31 August 2024.

The expansion aligns with the company's goal of creating "a digitally connected future that leaves no Zimbabwean behind," said EWZ Chairman James Myers. He emphasized the impact of the 5G expansion on service quality and user experience. “With this densification, the maximum user throughput has increased significantly, and the business is already realizing significant traffic growth in combined data market share, improved quality of service, and user throughputs,” he explained.

During the period, EWZ reported significant increases in both data and voice usage—up by 56% and 36%, respectively, compared to the same period last year. Data revenue now contributes 47% of total revenue, a jump from 38%, while voice revenue dropped to 41% from 49%, reflecting the growing reliance on data services.

The capital expenditure for the period, which focused primarily on modernizing the network infrastructure, accounted for 26% of revenue, compared to just 10% in the previous period. This shift highlights the growing demand for data-intensive services over traditional offerings like voice and SMS, emphasizing the need for the business to innovate and invest adequately to maintain a high-quality customer experience.

Econet's 5G expansion highlights the transformative potential of advanced mobile technologies in Zimbabwe. By boosting internet speeds, the move positions EWZ as a key player in shaping the country’s digital future.

Zimbabwe's current internet penetration rate stands at 73.3% as of 2023, reveals data from Postal & Telecommunications Abridged Sector Performance Report Fourth Quarter 2023. The rollout of 5G offers the potential to narrow this gap by enabling faster connectivity and fostering digital inclusion.

Hikmatu Bilali

On the same topic
President Yoweri Museveni announced a 5 billion Ugandan shillings ($1.4 million) public fund to support digital content creators. Authorities...
Training delivered by Smart Africa in partnership with GSMA under World Bank-funded programme Session focused on spectrum allocation, pricing...
Djezzy expands 5G coverage to 18 Algerian provinces Operator says 5G offers speeds ten times faster than 4G Rollout targets rising demand for...
Lumitel signs $10 million deal to expand rural broadband World Bank, Lumitel fund 2G, 4G rollout in 86 hills Project targets 400,000...
Most Read
01

Amazon begins talks with Kenya on low-Earth orbit satellite broadband Kenya’s digital market ...

Amazon Turns to Kenya as Its Next Low-Orbit Satellite Internet Bet in Africa
02

Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...

Senegal Launches $360 Million Regional Bond Sale
03

Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...

Algeria’s NESDA, ASICOM Sign SME Investment Deal; Funding Details Unspecified
04

DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...

DRC seeks ITC support to advance battery mineral value chains
05

BOAD says sovereign bond purchases are liquidity management Member states accelerate borrow...

BOAD Defends Sovereign Bond Purchases as Liquidity Management, Not Budget Support
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.