Sub-Saharan Africa currently has 420 million unique mobile subscribers with a 43% penetration rate. By 2020, this number is expected to hit over half a billion, making Africa the fastest growing market. This is according to a new GSMA study dubbed ‘The Mobile Economy: Africa 2016’ that was published recently at the GSMA Mobile 360 – Africa event held in Dar es Salaam, Tanzania. The report also highlights the increasing contribution of Africa’s mobile industry to the regional economy, including employment and public funding, and mobile’s role a platform for digital and financial inclusion. “More than half a billion people across Africa are now subscribed to a network, providing them not just connectivity but a gateway to a range of other essential services in areas such as digital
Technology is fast growing in Africa and so is tech talent. The continent is experiencing trans-formative impact as a result of technology. From rural Ghana where low income earners are able to buy insurance policies through their mobile phones to the streets of Nairobi, Kenya, where residents are able to send and receive money through their mobile phones, technology has become the order of the day in the continent. Most innovations in the continent stem from the extreme need that exists to find immediate sustainable solutions for critical problems the continent has been facing. Every day, there is a new technology being launched in the various regions of the continent as part of a solution to an existing problem or challenge facing the community. Young innovators are popping up w...
With about three million new mobile subscribers added to Nigeria in quarter one (Q1), 2017, the country has led Africa to fresh nine million subscriptions, reaching a total of 985 million. The latest Ericsson Mobility report indicates that Africa has seen a major growth of new mobile subscriptions with 9 million Africans joining services in the first quarter of 2017. This rise has seen the total number of mobile subscriptions on the continent to 985 million edging ever closer to the 1 billion milestone. These figures see the African continent become fourth fastest growing market world wide. The report said the industry has taken major steps to progress network, which has been facilitated by major investments. While Nigeria added three million new subscriptions in Q1, India added
The e-Commerce sector in Kenya is developing at a high rate to keep pace with the ever changing technology. On this note, LG Electronics is now tapping into the online space with the launch of an independent e-commerce channel in an effort to increasing the company’s footprint in the country. According to LG, opening the online platform the company is increasing its products’ availability beyond the physical stores. "We are thrilled to launch online shopping in Kenya,” says Janghoon Chung, Managing Director East and Central Africa. “This significant milestone fully rounds out LG’s multichannel offering. Along with seven retail stores and products available in major supermarkets, our customers in Kenya will now have twenty-four-hour access to the best of our innovative, genuine and qualit
According to the African Development Bank, Africa is the continent with the world’s second fastest growing economy. There’s little doubt that our vibrant continent is making great strides towards a bright future, with our economy expected to grow by 3.4% in 2017 and 4.3% in 2018, according to research in the African Outlook Report. Children across Africa’s rural communities are being left behind – and with more than 70% of the continent’s population living in rural areas, this is a major problem. The same report shows that at least half the population resides more than 25km from the nearest fibre connection. It’s clear that while we may be celebrating the growth of connectivity in cities, last-mile connectivity is still a major stumbling block. While the Internet School contai