THE Postal and Telecommunications Regulatory Authority (Potraz) says a credit crunch in Zimbabwe has hampered investment in next-generation technology, stalling the country’s digitalisation.
In response to galloping inflation last year, the Reserve Bank of Zimbabwe (RBZ) increased interest rates to 200 percent before reducing them to 150 percent and 140 percent, recently.
Opinions differ on whether high-interest rates have been effective in controlling inflation, but analysts and industry leaders agree that the high borrowing costs have caused a liquidity crunch.
This comes as Potraz has been trying to improve the 4G network coverage footprint in the country to around 87 percent and make it Zimbabwe’s baseline broadband tech
Subscribe to The Financial Gazette
This is premium content. Subscribe to read article.