Econet targets 10m subscribers

HARARE - Mobile operator, Econet Wireless Zimbabwe (Econet), whose subscriber base hit 7,1 million, has set its sight on reaching 10 million users by the end of next year.

Econet chief executive Douglas Mboweni thanked the people of Zimbabwe for their confidence in the brand as it moves towards its targeted capacity.

“As you all know adding capacity is not simply flicking a switch. We have already invested over $1 billion to get to where we are. We have done this as a Zimbabwean company. We have not done it with joint venture partners, or foreign operators,” he said.

Mboweni said Econet was determined to ensure the country remained current on new technologies.

“It is not enough just to connect people, they must remain technology-current. If you look at our services, we have stayed ahead of some of the leading countries. We had 3G before most African countries and India."

“We have one of the most advanced fibre optic systems on the whole continent. We have the highest penetration of mobile broadband, and we are now a leader in mobile banking services,” he said.

The Econet boss said the listed mobile company will continue to invest heavily in its mobile banking platform EcoCash, promising that by the end of October, EcoCash will launch what he called “killer application”.

“It is amazing what people will be able to do with their phones. This is when you will really appreciate why we have worked so hard on this service,” he said.

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