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Econet doubles its tariffs

by Staff reporter
24 Oct 2023 at 13:35hrs | Views
ECONET Wireless Zimbabwe, the country's largest mobile network operator has with effect from today (Tuesday) doubled its data bundles.

50-gigabyte wi-fi now costs whopping ZW$1 012 212, up from ZW$506 106.

Telecel, says it is also increasing its tariffs tomorrow. The cost of living in Zimbabwe remains unbearably high, thanks to failed leadership and unworkable policies.

Tariffs in Zimbabwe continue to fall behind inflation because of rapid changes in the macro-economic environment.

This disparity occurs because tariffs for the sector are determined in the local currency, based on movements in inflation and in the exchange rates. This puts significant pressure on operating costs on the backdrop of grid power load shedding challenges.

The prevailing tariff environment is a threat to the long-term viability of the local telecoms sector and curtails the ability of the sector to invest appropriately to meet customer demand, thereby undermining the quality of service.

Source - Byo24News
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