Mobile industry to add $150b to Africa’s economy by 2022, as subscribers rise

Tuesday, July 31, 2018

By Victor Kiprop

The mobile telecommunications ecosystem will add more than $150 billion in value to sub-Saharan Africa’s economy in the next four years, equivalent to nearly eight per cent of the region’s GDP.

Last year, mobile technologies added $110 billion to the continent’s economy, notes the 2018 Mobile Economy report by GSMA, the body that represents the interests of mobile operators worldwide.

GSMA is pegging the rise to the growing number of mobile subscriptions, which it expects to hit 634 million — equivalent to 52 per cent of the population — by 2025, from 44 per cent as at the end of 2017.

Photo courtesy of Neil Palmer.

Source: The East African (link opens in a new window)

Finance, Technology, Telecommunications