Breaking News

Zimbabwe looks to tackle telecom fraud with technology

by Agencies
15 February 2019 | 595 Views
Despite an ambitious economic reform agenda, Zimbabwe's economic freedom score dropped down 3.6 points to a mere 40.4 on the Heritage Foundation's latest Index of Economic Freedom, making its economy the 6th least free in the 2019 Index. Major factors contributing to this dismal score include the country's inefficient judicial system and general lack of transparency – resulting in poor governance.

Among the negative consequences of this poor governance has been an increasingly alarming prevalence of fraud in sectors such as telecommunications, which have resulted in extreme losses of revenue. This lost revenue has proved detrimental in a time when institutions like the International Monetary Fund (IMF) and the World Bank have been progressively reducing the level of funding offered to African governments.

However, with the African continent having become a notorious hub of fraud against mobile network operators, Zimbabwe is not unique in their current dilemma. As such, there is a movement towards better regulation of the telecom industries in a number of African countries, in which Governments are taking a new approach towards this booming sector.

For instance, GVG's technology and antifraud systems and services have seen major success in the Republic of Ghana, having allowed for the disconnection of hundreds of thousands of fraudulent lines which were used to illegally convert international traffic into national traffic on the local networks.

Speaking at an event held in Accra last October, Ghana's Minister for Communications, Ursula Owusu-Ekuful lauded the National Communications Authority (NCA) for spearheading the Common Platform project with local partner KelniGVG. "I congratulate the Board, Director General, Management and Staff of the NCA for providing another first for telecoms regulation in the sub-region and the continent."

Ghana's Common Platform was commissioned to carry out four main functions to aid Ghana's Digital Agenda. The platform provides Government with timely, reliable information about revenues accruing to it from the telecom sector in a transparent manner. It further protects revenues for both Government and telecommunications companies by combatting fraudulent international traffic termination.

The Common Platform is managed by the National Communications Authority on behalf of the Ministry of Communications, and the Ghana Revenue Authority (GRA) on behalf of the Ministry of Finance, and provides Traffic Monitoring, Revenue Assurance, Mobile Money Monitoring, and Fraud Management.

Another example of the value that these systems offer, can be seen in Tanzania. It was found that the country had lost billions of dollars in revenue as a direct result of the rife fraud that was plaguing their telecom sector. Speaking at a recent event in Dar es Salaam, the President of the United Republic of Tanzania, John Magufuli, admitted that the mismanagement of funds in the telecom industry had gotten out of control. "It is no secret that we have lost a lot of money as a result of fraud and embezzlement in this sector," he said.

As such, a national success story in this regard has been that of the Telecom Traffic Monitoring System project implemented by Global Voice Group (GVG), which has allowed the Tanzania Communications Regulatory Authority (TCRA) to collect over Sh93 billion in revenue over the past five years.

"Since this Telecom Traffic Monitoring System was installed, we now know the exact number of telecom users, debtors, telecom fraudsters, and all the information that we didn't know before. In fact, the system has managed to eradicate almost all instances of fraud in external telecoms, bringing the figure down from over 65% to just 10%," the President was quoted as saying.

The system has also helped the Tanzanian Government to understand and control a lot of electronic financial transactions like Mpesa and related transactions. This has allowed authorities to oversee these fast-growing services and to monitor their regulatory compliance as well as their security, reliability and quality for Tanzanians, especially the unbanked ones for whom mobile money represent essential services for their financial inclusion.

According to the director general of the Tanzania Communications Regulatory Authority (TCRA), Mr James Kilaba, this has already made a significant impact on tracking mobile money transactions. "We have seen an increase in mobile money transactions from Sh8.5 trillion per month recorded in 2007 to Sh11.6 trillion in 2017."

Based on the impressive level of satisfaction that is being expressed by two of Africa's larger countries, Zimbabwe stands in good stead to be following a similar trajectory in their challenge of tackling telecom fraud with technology.

Global Voice Group International Monetary Fund Zimbabwe Economy

Source: Agencies


Latest News

President Mnangagwa's government condemned

by Mandla Ndlovu | 19 June 2019 | 5 Views

Eddie Cross turns against Mnangagwa

by Eddie Cross | 19 June 2019 | 5 Views

Teenage suicide reaches alarming rate

by Mandla Ndlovu | 19 June 2019 | 5 Views

Latest on Mthuli Ncube's resignation

by Mandla Ndlovu | 19 June 2019 | 11 Views

RBZ photocopies Bond notes?

by Mandla Ndlovu | 19 June 2019 | 9 Views

Nick Mangwana opposes ZANU PF MPs

by Mandla Ndlovu | 19 June 2019 | 10 Views

'Taming the Shrew' - Deaths on our Roads - Driving in Harare and in t...

by Engineer Tororiro Isaac Chaza PMP | 19 June 2019 | 9 Views

Chicken project thrives on human waste - Kenyan farmer Victor Kyalo's ...

by Staff reportrer | 19 June 2019 | 6 Views

'Fatcats choke Zesa'

by Staff reporter | 19 June 2019 | 7 Views

Chombo passport appeal thrown out

by Staff reporter | 19 June 2019 | 2 Views

Charging of fuel in US dollars riles motorists, who owns ZUVA?

by Staff reporter | 19 June 2019 | 2 Views

Shipping goods to Zimbabwe from the UK | Sponsored Post

by Staff Reporter | 18 June 2019 | 120 Views

MDC youth threaten massive demonstrations in rural areas

by Simbarashe Sithole | 18 June 2019 | 300 Views

'Zanu-PF will lose' - Zanu PF will lose in the Lupane East by-electio...

by Staff Reporter | 18 June 2019 | 2100 Views


Zimbabwean rapper teams up with top selling American singer

by Staff Reporter | 17 June 2019 | 526 Views

WATCH: Penny Penny song insults Malema

by Mandla Ndlovu | 14 June 2019 | 9324 Views

Mixed feelings over Harare artistes at Econet gig - Econet Wireless' Z...

by Staff reporter | 11 June 2019 | 881 Views

Low turnout at Sulu's birthday bash

by Simbarashe Sithole | 08 June 2019 | 2076 Views

Ivy Kombo drops 14th album - CELEBRATED United Kingdom-based Zimbabwea...

by Staff reporter | 06 June 2019 | 376 Views

The latest slots online in 2019

by Staff writer | 05 June 2019 | 785 Views

Gospel music taken to another level

by Leonard Koni | 28 May 2019 | 323 Views

Thomas Mapfumo, Winky D to headline Zimfest Live in August

by Tidi Kwidini | 28 May 2019 | 1383 Views

Greatsoftline For All Of Your Software Needs

coupon and promo codes: greatsoftline for all of your software needswhile some online sellers have promotional services that reduce the overall amount you spent, others do not .you need to be on the lookout for the best outlets in order to chase th... Read More
ITnews 25 February 2015 ago

Hp Omen 15-5116tx – The Next Generation Gaming Laptop

the hp omen 15-5116tx is being targeted at the performance hungry gamers. it comes in a single variant boasting an eye-catching attractive design. the notebook offers a slim, lightweight chassis and appears like a piece of art than an actual gaming... Read More
Sergey 11 June 2015 ago