Digital commerce will transform African economies, starting with cheaper phones
Wednesday, March 6, 2019
By Yinka Adegoke
There’s a $700-billion opportunity for African countries over the next five years if they can close the gender gap in mobile-phone ownership, according to GSMA, the global mobile-trade body. It bases that estimate on the commercial opportunity for mobile operators and the expected boost to GDPs as more women get phones.
The smartphone, vital for internet connections on the continent, will become increasingly affordable as new entrants bring cheaper (under $50) smartphones and “smart feature phones” (under $20) to market.
There will be 500 million mobile internet users in Africa by 2020, GMSA estimates, with up to 70% of mobile subscriptions to be internet-connected by 2030.
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