Zimbabwe: NetOne’s Franchise Programme Rakes In $200 Million -Reports
Zimbabwe’s state-owned mobile network operator, NetOne’s franchise programme has reportedly generated close to $200 million since its launch last year.
The franchise programme is to improve the telecoms operator’s distribution channels as it creates efficiency and convenience, bringing NetOne’s products closer to the market.
The CEO of NetOne, Lazarus Muchenje indicated that this is just one way of promoting entrepreneurship within communities and creating thousands of jobs across Zimbabwe.
In an interview, he said that the franchise programme contributed over $40 million in 2018, following its rollout in May that same year.
In 2019, its contribution rose to $131 million as the programme started to gain momentum as more local businesses came on board.
This news comes as the mobile operator is working on its strategy, which could see it grow into a world-class telecoms force.
NetOne also announced that in order to improve network availability, it is realigning available infrastructure to match the current demand. In this instance, the mobile operator has redeployed some of its 4G infrastructure to Zimbabwe’s areas of high demand, thereby enabling high-quality network which has seen improvement in data availability and speed.
Credit: This article originated from www.chronicle.co.zw