Econet to remove wireless bottleneck

20 Apr 2004

Econet Wireless says it plans to release more than 10,000 pre-paid mobile lines to alleviate the chronic problem of pent-up demand for cellular services. Econet, which has recently completed a network upgrade to eliminate network congestion, says the release of the lines is part of a project to resume normal sales of its pre-paid option, marketed under the brand name Buddie. Since 2000 the country’s three operators have struggled to contend with the effects of a foreign currency squeeze that has forced them to abandon their network expansion and upgrade programmes. However, Zimbabwe’s financial institutions have introduced policies to improve the availability of funds by giving exporters access to cheap money at a concessionary interest rate of 30%.