International Finance
Sector Insight

POTRAZ wants to focus more on telecommunication sector

Zimbabwe, telecommunication sector, social programmes, financial inclusion, forex, foreign currency, MORAN Project, Maitengwe 
“Ours is a technology intensive sector and ICTs are now pervasive throughout the key sector our social and economic fabric such as health, security, manufacturing, tourism and transportation industry to name just a few," says POTRAZ Director General Dr Gift Machengete

Postal and Telecommunication Regulatory Authority of Zimbabwe (POTRAZ) has reached out to the government to ‘reposition’ the telecommunication sector for the sake of allocating foreign currency.  As reported on, POTRAZ Director General Dr Gift Machengete said:  “As we celebrate the MORAN Project let me reiterate that the clarion call that l made on Monday as we launched the Maitengwe shared communication facility.

In addition to this, he emphasized on the necessity to ‘prioritise’ the telecommunication sector: “l therefore plead with the relevant authorities for the repositioning of the sector in the pecking order for the allocation of foreign currency.

“To the newly connected communities l want to assure you that this is a convenience that has been brought to your door step.”

Network coverage is seemingly an important factor in the country’s focus to expand on the grounds of finance and digital economy. “Besides voice communication, network coverage provides opportunities for financial inclusion as well as inclusion in various other social and economic programmes.

“In Zimbabwe mobile money is undoubtedly our main medium of trade and transaction, it is the number one local currency supporting daily chores across all spheres of life, alleviating the cash crunch that the country has grappled with.

“In the recent past and enabling business and households to function with a reasonable level of normalcy,” added Machengete.

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