Telecom

Zimbabwe telecom regulator approves new cost hike

Zimbabwe telecom regulator approves new cost hike
Thursday, 26 October 2023 15:06

Since 2019, Zimbabwean telecom operators have been allowed to increase their tariffs several times to meet the challenges of the local operating environment. The latest tariff adjustments date back to February and April 2023.

The Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) has approved a new increase in tariffs for services provided by telecom companies. This new adjustment, effective this week, concerns only prices in Zimbabwean dollars (ZWL), while those in US dollars remain unchanged.

As a reminder, telecom operators have been allowed to increase their tariffs several times since 2019 to meet the challenges of the local operating environment. The latest tariff adjustments date back to February and April 2023. A first increase of 50% was implemented immediately after the measure was announced in February, while the second came into effect on April 1.

Price increases are authorized as part of the regulator's efforts to limit the impact of the local operating context on telecom operators' activities. These include hyperinflation, a weak local currency, a shortage of foreign currency, rising operating costs, increased vandalism of infrastructure, power cuts, and more.

In addition, POTRAZ recently submitted to the government a new pricing model based not only on the local currency but also on the US dollar. This measure should help to guarantee price stability in the national telecoms market.

On the same topic
Workshop defines standards, integration flows and middleware solutions Reform aims to improve data quality, ease workload, support...
Mauritius launches national AI strategy and ethical FAIR guidelines Plan targets infrastructure, skills, governance, and sector...
Uganda plans two satellites for security, monitoring and broadcasting Builds on 2022 PearlAfricaSat-1 launch with partners Move aligns with...
Algeria to boost fixed internet speeds nationwide from April 13 ADSL upgraded to 20 Mbps; fiber speeds rise to 100 Mbps Plan supports fiber...
Most Read
01

EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...

EBID Charts Green Shift to Finance West Africa’s Growth
02

M-PESA evolves into major financial platform with 35 million users Telecoms, fintechs expan...

In Africa, Banks Face a New Rival: Telecom Operators
03

Algeria launches bid for two NGSO satellite telecom licenses Move aims to expand broadband ac...

Algeria Opens Satellite Market to Competition, Inviting Global Operators
04

Coca-Cola unit trains 260+ SMEs in Namibia business skills Program targets women, youth, disabled...

Over 260 Namibian SME Owners Trained as Sector Faces Mounting Losses
05

Driven by above-average growth and rapidly expanding demographics, Francophone Africa is emerging as...

Francophone Africa: A Rising Economic Giant With Weak Internal Trade
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.