Zimbabwe has made strides towards establishing a regional internet exchange point in a development expected to reduce costs and turnover in sending information across the region.

Two years after Zimbabwe won the tender to establish a regional internet exchange point, the country has recorded strides towards implementing this project after completing the initial phases of identifying and preparing suitable location and setting up equipment.

At the official launch of the project in Harare yesterday, the Deputy Minister Information Communication Technology (ICT), Postal and Courier Services, Dr Win Mlambo highlighted the key benefits that local internet users and providers stand to accrue from the initiative.

POTRAZ Director, Dr Gift Machengete said the cost benefits of the project are insurmountable and so will be the connectivity between Zimbabwe and neighbouring countries.

To date, a total of $50 000 has been used on the project, while a further $50 000 has been committed towards more equipment.

The project is being financed under a $200 000 grant from the African Union Commission with revelations that the country has so far received 50 percent of the funding.