Business Reporter
MUTAPA Investment Fund (MIF) CEO, Dr John Mangudya has implored NetOne Cellular to adopt robust managment practices which enables the concern to unleash latest tech as well as improving profitability.
So far rated the second largest mobile network operator and poised to overtake local competition on the back of aggressive management practices and large scale network expansion projects, NetOne’s record breaking transformation continues to dominate market perceptions.
In a speech read on behalf of Dr Mangudya at the NetOne 9th AGM held in the capital Friday,the top financial expert challenged the entity to adopt trending globally acclaimed technologies.
“Innovation should be anchored in scalable digital platforms. The planned introduction of cloud-based services and specialised IoT solutions is timely. These offerings should be aligned with enterprise and public sector needs and supported by secure, high-availability infrastructure,” he said.
The ex-RBZ governor said there must be a resolute focus for NetOne to achieve commercial sustainability in a manner which includes rationalising operating costs and improving revenue assurance.
He underscored that financial discipline is essential in restoring the Company’s going concern status and building confidence among stakeholders.
Mangudya said as the shareholder, MIF will continue engaging with treasury to review legacy debts and clean up the Company’s balance sheet in hope that such steps will provide a stronger financial foundation for growth.
The accomplished banker said the company should accelerate network expansion in underserved and high-demand areas by closing coverage gaps, improving indoor data experience, and upgrading to future-ready technologies such as 5G will help position NetOne to meet rising user expectations and capture market share.
“NetOne remains a strategic asset in Zimbabwe’s digital landscape. While the path to profitability is not without difficulty, the growth in revenue, expansion in data usage, and operational improvements show that the Company is on a promising trajectory.
“The Mutapa Investment Fund remains committed to supporting the transformation of NetOne into a competitive, customer-centric, and commercially viable operator. We believe in the Company’s potential and in the capacity of its people to deliver,” added Mangudya.
