More Africa NewsZimbabwe: Potraz wants the State to rid it of the debt inherited from the historical operator

November 20, 2020by myles0

Zimbabwe’s telecoms regulator again wishes to devote itself effectively to its missions. To achieve this, he urged the ICT ministry to take over the debt inherited from the Posts and Telecommunications Corporation when it was dissolved in 2000, which undermines its financial power.

During a strategic planning workshop on public and parastatal enterprises, held on November 18, 2020 in the border town of Mutare, Gift Machengete, the director general of the Zimbabwe Posts and Telecommunications Authority (Potraz), pleaded for the government to take over from the telecoms regulator the debt inherited from the Posts and Telecommunications Corporation (PTC), the incumbent operator.

In 2000, when PTC was dissolved – which saw the creation of NetOne the mobile telecommunications company, TelOne the fixed line telecommunications service provider, ZimPost the postal service company and People’s Own Savings Bank (POSB) the financial institution savings – the multi-million dollar debts registered with business partners by the public company have all become those of the telecoms regulator. The latter, who must settle them, complains that they undermine its financial power and its ability to effectively carry out its regulatory missions.

Speaking to ICT Minister Jenfan Muswere, Gift Machengete said, “We urge the government to take over the debt inherited by Potraz from the old PTC. Interventions by your ministry would certainly go a long way in paving the way for its effective repositioning […] as a line ministry, especially from a political point of view, we believe that relevant changes should also be made in policies existing so that the authority can effectively recover ”.

Source Agence Ecofin

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