Strive Masiyiwa’s Econet Zimbabwe records increase in carbon emissions as power cut looms

Econet Wireless Zimbabwe Limited has recorded increased carbon emissions and doing business costs in Zimbabwe due to an unstable power supply, Bloomberg reported.

Econet Wireless is an entrepreneurial technology group, the biggest telecom operator in Zimbabwe and one of Africa’s mobile telecom industry  pioneers.

The telecom operator relies heavily on power from the national grid. However, extended power cuts in recent days due to ongoing restoration at the Kariba South hydropower plant, constraints on the coal-fired Hwange plant and limited power imports have forced the company to rely on emissions-heavy diesel generators. These generators are supplementing what the company can currently draw from the national grid.

However, Econet plans to increase the number of its solar stations by 61 percent next year, to 278 from 172. It hopes this will cut down its emissions and reliance on the national power supply.

“We continue working to enhance our green footprint and reduce carbon emissions by increasing the number of solar-powered base station sites,” Econet Wireless Chairman James Meyers said.

Econet Wireless is a subsidiary of Econet Group founded by London-based Zimbabwean billionaire Strive Masiyiwa, who also serves as the group’s executive chairman. 

Other group subsidiaries include Liquid Telecom, Cassava Fintech, Econet Energy and Vaya Technologies.

Omokolade Ajayi
Omokolade Ajayi
Omokolade Ajayi is a financial reporter at Billionaires.Africa. Previously, he worked as a journalist at Nairametrics. Omokolade is a seasoned financial analyst and reporter with in-depth knowledge of and expertise in equity markets, and financial and economic analysis. He has a degree in economics and is a certificate holder of the CFA Institute’s Investment Foundation Program.

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