Zimbabweans are relying on Tesla Inc. to help them pay their bills.
“Telecommunications have become the lifeblood of the economy,” said Norman Moyo, the chief executive officer of Distributed Power Africa, which installs the batteries for Econet. “If the telecom network is down in Zimbabwe, you can’t do any transactions.”
Tesla is working with a number of telecommunications companies around the world and sees a combination of solar panels and battery storage as a good opportunity to expand its business in countries and areas where electricity supply is erratic or non-existent, a company spokesperson said.
Econet’s mobile-money system Ecocash has 6.7 million active users in a country of 14 million people. It is used for everything from buying groceries to tipping waiters.
With assistance by Godfrey Marawanyika, and Loni Prinsloo