Zamtel Managing Director Mupanga Mwanakatwe says the power deficit has negatively impacted on the company’s performance.
Dr. Mwanakatwe says the company does not have back up power for most of its sites in remote areas.
He has also observed that shocks in the local and global economies have seen dwindling purchasing power.
Dr. Mwanakatwe is however, optimistic that business will pick up as the economy recovers.
He was speaking during a signing ceremony with Huawei Electronics Zambia Limited of a joint corporate social responsibility program where Zamtel has set aside 2-million kwacha to be spent over 2 years while the ICT Company is putting in 2-hundred thousand
Dr. Mwanakatwe has revealed that the program will involve the drilling of 100 boreholes in all the 10 provinces as part of improving access to clean water as well as supporting tertiary education.
And Huawei Zambia Managing Director Fan Wen said student education is key to the development of society.
Meanwhile, Mr. Fan has observed that Zambia’s mobile penetration has remained low around 70 percent compared to other countries in the region like South Africa with over 110 percent.
He has observed that infrastructure in terms of internet penetration has also remained low a situation he says is a potential area for further investments.