ZIMBABWE’S leading telecommunications giant, NetOne, has unveiled MoGigs, an innovative data bundle designed to promote digital inclusion and empower communities.
MoGigs offers flexible packages ranging from US$7 to US$50, providing 30 days of uninterrupted browsing, streaming and online transactions.
Chief commercial officer Learnmore Musunda said MoGigs is a strategic move to promote inclusivity and empower users.
“MoGigs is more than just a data bundle,” he said.
“It’s a deliberate move to give Zimbabweans affordable access to digital opportunities.”
The launch of MoGigs aligns with the country’s National Development Strategy 1, which aims to ensure that no one is left behind in the digital economy.
Recently, NetOne group chief executive officer Raphael Mushanawani told NewsDay Business that the latest upgrade is a step towards making financial services accessible.
“The strength of OneMoney lies in the strength of NetOne — our extensive distribution network, our commitment to technological advancement and our ability to serve communities at every level,” Mushanawani said.
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“The latest upgrade is a significant step towards a future where financial services are truly accessible to all.”
The launch of OneMoney’s financial products and services is expected to have a significant impact on financial inclusion in Zimbabwe.
Last year, Mushanawani said the firm was using internally generated resources to fund their operations.
“We are using internally generated resources to fund all our operations at the moment,” he said.
“There are technicalities for us, which are not allowing us to borrow from our banks, and I am sure Mutapa Investment Fund is working on it to make sure our balance sheet is restructured.
“Once that happens, I think we can freely approach the banks and they are more than willing to work with us. We have the ability to source funding locally to then fund our operations.”
According to a recent report by the Reserve Bank of Zimbabwe, mobile financial services have the potential to increase financial inclusion by up to 50% in the next five years.
In 2024, Mushanawani also disclosed that NetOne has laid the foundation to turn over US$1 billion annually by 2029, even as it battles to access capital.
He said the state run operator had located pockets of opportunities to power his ambitious turnaround effort.
The US$1 billion will represent a massive rise in revenue over five years, from a projected US$160 million this year.
NetOne was the first to be licensed to operate a mobile telecoms business in 1996, before billionaire Strive Masiyiwa’s ultra-innovating Econet entered the market two years later, following a browsing legal tussle with government.
