TELECOM giant Econet Wireless Zimbabwe said it has installed monitoring diagnostic tools to reduce revenue leakage and network fraud in accordance 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 Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz), has the mandate to establish a non-electronic system. intrusive that allows the regulator to independently monitor and account for national 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 fiscal year ended February 28, 2021, Econet welcomed the World Bank’s digital economy diagnostic report for Zimbabwe, which was launched in June 2021.
While the report ranks Zimbabwe as “advanced” in its provision of infrastructure and connectivity services due to the pioneering efforts of the group and its affiliates, Econet said there was room for further improvements.
“Econet has already installed its own traffic monitoring diagnostic tools to prevent revenue leakage 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 welcomes the priority given to the development of the digital economy as part of the National Strategy for development 1 (NDS1).
The five-year master 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 already have 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 currency continues to be the biggest obstacle it faces and this has limited the ability to provide adequate capacity to its customers.
“The company encountered operational challenges in meeting its needs for capacity improvement and routine maintenance.
“We remain hopeful that improvements in the availability of foreign currency through the interventions of fiscal and monetary authorities will improve this situation for the foreseeable future,” he said.
“Our main tariffs were last revised in August 2020. In view of the inflationary pressures undergone, we believe that another tariff revision is due to keep the sector viable.
“All of our prices are determined by the regulator using given cost inputs. The timely adjustment of tariffs, using the telecommunications price index, is essential to the sustainability of our business. “
However, consistent and high-quality grid power supply remained a challenge during the reporting period, which is why the company used diesel generators to supplement what was pulled from the national grid.
“As a result, we continue to see an increase in our carbon footprint as well as the cost of our operations. We continue to work to improve our ecological footprint and reduce carbon emissions by increasing the number of solar-powered base station sites, ”said Econet.