Zimbabwe Telecoms Market Report

Telecoms, Mobile and Broadband - Statistics and Analyses

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Last updated: 10 Oct 2024 Update History

Report Status: Current

Report Pages: 203

Zimbabwe hoping new currency will encourage investment in telecoms

Zimbabwe’s telcos continue to be affected by the country’s poor economy. In recent years both Telecel and NetOne have needed to be financially rescued by the government, their principal shareholder. Revenue has also been under pressure from a number of recent regulatory measures and additional taxes imposed, while tariff hikes have been met by customer disapprovals despite the necessity of offsetting rising costs. A new currency introduced in April 2024, the ZiG, is the latest attempt to provide some stability and thus attract investment.

The three MNOs Econet Wireless, NetOne and Telecel Zimbabwe continue to expand the reach of their mobile networks, particularly with 5G and LTE infrastructure. After several false starts, the mobile market was injected with competition in the form of the country’s first licensed MVNO, Dolphin Telecom, which launched services at the end of 2022.

International bandwidth has improved since fibre links to several submarine cables were established via neighbouring countries. The expansion of LTE and 5G--based mobile broadband services has meant that most of the population has access to the internet. The government has embarked on a national broadband scheme aimed at delivering services nationally by 2030. While investment in fixed broadband infrastructure resulted in a slow but steady growth in the number of DSL connections up until 2021, since then the number of copper connections has declined while growth has been focussed in the fibre sector.

Key developments:

  • NetOne declared insolvent.
  • Government considers allowing m-money agents to re-enter the market.
  • SpaceX’s unit Starlink secures a licence to provide satellite broadband services via its constellation of LEO satellites.
  • Zimbabwe prepares for the launch of its ZimSat-2 earth observation satellite.
  • Powertel Communications to invest up to $50 million in expanding its fibre network in underserved rural areas of the country.
  • Report update includes the regulator's market data to Q2 2024, annual report for 2022, telcos' operating and financial data to Q1 2025, updated Telecom Maturity Index charts and analyses, recent market developments.

Companies mentioned in this report:

TelOne, Econet, TeleAccess, Afritell, DataOne, Powertel Communications, Telco Internet, Broadlands Networks, Aquiva, Africa Online, ComOne, Ecoweb, iWay Africa (MWEB), TelOne, NetOne, Econet Wireless, Telecel, Telecontract, Dandemutande (uMax), Afritell, Liquid Telecom, DataOne, Powertel Communications, Telco Internet, Broadlands Networks, Aquiva, Zimbabwe Online (ZOL, Liquid Home), Aptics.

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