Econet installs monitoring diagnostic technology
TELECOM giant, Econet Wireless Zimbabwe says it has installed monitoring diagnostic tools to limit revenue leakage and network fraud in line with the latest regulations under Statutory Instrument 95 of 2021.
Guided by the Telecommunications Traffic Monitoring and Revenue Assurance Regulations (Statutory Instrument 95/2021), the Posts and Telecommunications Regulatory Authority of Zimbabwe (Potraz) is mandated to establish a non-intrusive electronic system which allows the regulator to independently monitor and report on domestic and international telecommunications traffic and revenues.
The intervention aims to combat network fraud, enforce billing integrity, and improve revenue assurance for regulatory and tax purposes.
In a statement accompanying the results for the year ended February 28, 2021, Econet acknowledged the World Bank’s Digital Economy Diagnostic Report for Zimbabwe, which was launched in June 2021.
While the report classifies Zimbabwe as “advanced” in the provision of its connectivity infrastructure and services due to the pioneering efforts of the group and its affiliates, Econet said there is room for new improvements.
“Econet has already installed its own traffic monitoring diagnostic tools to prevent revenue loss and traffic fraud,” the company said.
The telecommunications giant said it was still in consultation with Potraz on the implementation of SI95/2021, adding that it welcomed the priority given to the development of the digital economy under the National Strategy for development 1 (NDS1).
The five-year plan, which succeeded the transitional stabilization program, sets out policies, institutional reforms and national priorities from 2021 to 2025 for the country to achieve an upper-middle-income economy by 2030.
“We believe that we have already made and can continue to make a significant contribution to national efforts. The rural population remains underserved in the new digital economy and we are always looking for relevant low-cost solutions to address this segment in line with the government’s development agenda,” the company said.
He said the availability of foreign exchange continues to be the biggest hurdle he faces, limiting his ability to provide adequate capacity to his customers.
“The company encountered operational difficulties in meeting its capacity improvement and routine maintenance needs.
“We remain hopeful that improvements in foreign exchange availability through fiscal and monetary authority interventions will improve this situation for the foreseeable future,” he said.
“Our core tariffs were last revised in August 2020. Given the inflationary pressures experienced, we believe another tariff revision is due for the sector to remain viable.
“All of our prices are determined by the regulator using given cost inputs. Adjusting rates quickly, using the telecommunications price index, is critical to the continued viability of our business. »
However, a consistent, high-quality power supply from the grid remained a challenge during the reporting period, so the company used diesel generators to supplement what was drawn from the national grid.
“As a result, we continue to see an increase in our carbon footprint as well as the cost of doing business. We continue to work to improve our green footprint and reduce carbon emissions by increasing the number of solar-powered base station sites,” Econet said.