Wednesday
July 12
2017

Sub-Saharan Africa to Surpass Half a Billion Mobile Subscribers by End of Decade, Finds New GSMA Study

More than half a billion people across Sub-Saharan Africa will be subscribed to a mobile service by the end of a decade, according to a new GSMA study. The new report, ‘The Mobile Economy: Sub-Saharan Africa 2017’, was published today at the GSMA Mobile 360 – Africa event here. It forecasts that the number of unique mobile subscribers1 in Sub-Saharan Africa will grow from 420 million (43 per cent of the population) at the end of 2016 to 535 million (50 per cent of the population) in 2020, making it the fastest growing region in the world over this period. The report also highlights the Sub-Saharan Africa mobile ecosystem’s growing contribution to regional GDP, jobs, innovation and socio-economic development.

“Sub-Saharan Africa will be a key engine of subscriber growth for the world’s mobile industry over the next few years as we connect millions of previously unconnected men, women and young people across the continent,” said Mats Granryd, Director General of the GSMA.

Source: BusinessWire (link opens in a new window)

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Africa, fintech, mobile money, mobile phones