October 14, 2015 IBOMLLC Team

Mobile Subscription Contribute $100 Billion Economic Growth In Sub-Sahara Africa

Innov8tiv
Innov8tiv – Blacks In Technology in USA, UK, Caribbean Islands & Africa

Africa is one continent that leapfrogged the evolution of telecommunications, starting from nothing jumping over the landlines to adopt the mobile phones. Unlike Western nations that started from nothing, the moved to telegrams, then to landlines (fixed) phones and finally ended up to mobile phones. Africa began with virtually nothing and jumped right into the mobile phone age.

A new report tabled by the GSMA, The Mobile Economy – sub-Saharan Africa 2015, says that for the year 2014, mobile phones contributed to over $100 billion economic gain for sub-Saharan Africa. An equivalent of 5.7% of the region’s GDP out of which, mobile operators contributed to $31 billion growth making 1.7% of the GDP.

The report further indicates that going forward the mobile contribution to GDP growth is bound to increase. As more telecom keep extending their networks coverage to the unconnected population in rural and remote regions. The prevailing forecast seems to indicate that by 202, the mobile industry will contribute to as much as $166 billion in value; representing an 8% of the GDP.

Despite revenue and margin pressures, local mobile operators continue to invest …read more

Read more here:: Mobile Subscription Contribute $100 Billion Economic Growth In Sub-Sahara Africa

      

IBOM LLC

We're passionate about your business and we only offer the best solutions.