Digital economy agenda spurs telecommunications sector revenues

By Stanley James, Business Editor

ZIMBABWE’S digital economy drive has seen a rise in the uptake of mobile telecommunications devices, with companies in the sector recording growth in revenues.

Zimbabwe is on a drive to adapt to modern means of communication in line with the National Development Strategy One, despite the ever-rising costs.

The trend has seen industry and commerce, including individuals, embracing remote working systems, e-learning systems, e-commerce, e-health and e-governance, among others.

With the increased usage of digital devices, providers of these services have recorded growth in revenues while enhancing viability.

The latest Postal and Telecommunications Regulatory Authority of Zimbabwe report confirms that the second quarter of the year has recorded further growth in terms of revenues for companies, with data, internet and voice usage being above market expectations.

But what does the trend mean for the country’s aspirations toward a digital economy?

“It is the ideal way to go because despite high costs it has enabled socio-economic development in light of the COVID-19 challenges,” said Coleen Tapfumaneyi, Escrow Group’s chief executive officer.

Economist Dr Zack Murerwa said, “Zimbabwe needs to move forward despite the high costs the digital platforms are accelerating development in many ways.”

Under National Development Strategy One, a digital economy is being considered an important element in accelerating development as the country targets an upper middle-income society by 2030.

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