Tag: The Mobile Economy: Africa 2016

Africa Mobile subscription set to hit the Half a Billion Mark by 2020

Africa Mobile subscription set to hit the Half a Billion Mark by 2020

Broadband, Internet, Mobile
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