Signing of Memorandum of Understanding Between the Republic of Zimbabwe and Clear Mobitel Limited

New York, USA – On September 22, 2024, the Government of Zimbabwe, represented by the Ministers of Finance, Economic Development and Investment Promotion, and Information Communication Technology and Courier Services, officially signed a Memorandum of Understanding (MOU) with Clear Mobitel Limited (CML). This strategic partnership is set to drive transformative advancements in Zimbabwe’s information and communication technology (ICT) infrastructure and digital ecosystem.

The MOU outlines a collaborative framework to promote key initiatives, including:

• Infrastructure Development
• Data Centre Establishment
• Digital Ecosystem Development
• Public-Private Sector Collaboration

This agreement marks a pivotal step towards creating a thriving fintech ecosystem in Zimbabwe, fostering digitalization and improving business efficiencies nationwide.

Minister of Finance, Mthuli Ncube, expressed his excitement over the partnership, stating, “This collaboration has the potential to transform Zimbabwe’s technological landscape and empower our communities.” Harpal Mann, CEO of Clear Mobitel, reaffirmed the company’s commitment, adding, “We are dedicated to investing in Zimbabwe’s future, using technology to fuel economic growth and innovation.”

This strategic initiative is part of Zimbabwe’s broader effort to modernize its telecom infrastructure and position the country as a regional leader in digital services. The US$1 billion deal is poised to accelerate digital inclusion, creating new opportunities for businesses, entrepreneurs, and communities nationwide.