Mobile sector to add $150b to Africa’s economy by 2022 – report

Mobile sector to add $150b to Africa’s economy by 2022 – report

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

By The East African

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 percent 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 percent of the population — by 2025, from 44 percent as at the end of 2017.

“For many citizens across the region, particularly those living in rural areas, a mobile phone is not just a communication device, it is also the primary channel for getting online and a vital tool for improving their lives,” said GSMA chief regulatory officer John Giusti.

“More needs to be done to connect underserved populations across sub-Saharan Africa, including coming up with investment-friendly policies and supportive regulatory frameworks.”