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    Innovation Village | Technology, Product Reviews, Business
    You are at:Home»Africa»According to GSMA, African mobile subscribers to hit half a billion by 2020

    According to GSMA, African mobile subscribers to hit half a billion by 2020

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    By Tapiwa Matthew Mutisi on July 27, 2017 Africa, Devices, Gadgets, Internet, Mobile Phones, News, Press Release

    According to forecasts made by the GSM Association (GSMA) trade organisation, Sub-Saharan Africa is the fastest growing market for mobile technologies, with subscriptions set to jump to a half billion within the next three years. The region currently has 420 million mobile subscribers with a 43% penetration rate with SIM connections currently numbering 731m, although expected to rise to a billion by 2020.

    Smartphone connections have doubled in Sub-Saharan Africa over the past two years to nearly 200 million.

    The report identified increasing affordability of new devices and growing market for second-hand devices as reasons for the growth of smartphones. which has affected revenue growth in the region due to messaging services like WhatsApp and Facebook Messenger.

    Earlier this month, Bharti Airtel’s Africa business reported a profit of $52 million for the first quarter of FY 2017-18 from a loss of $78 million a year ago, bucking an overall slump for the Indian company which is looking to merge its Nigerian arm with 9mobile (formerly Etisalat Nigeria).

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    Africa GSM Association GSMA Mobile Mobile Subscribers Press Release Sub-Saharan Africa telecoms
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    Tapiwa Matthew Mutisi
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    Tapiwa Matthew Mutisi has been covering blockchain technology, intelligent technologies, cryptocurrency, cybersecurity, telecommunications technology, sustainability, autonomous vehicles, and other topics for Innovation Village since 2017. In the years since, he has published over 4,000 articles — a mix of breaking news, reviews, helpful how-tos, industry analysis, and more. | Open DM on Twitter @TapiwaMutisi

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    2 Comments

    1. Shola Araoye on July 27, 2017 12:38 pm

      Telecommunications is really growing big. Honestly, telecommunications industry is really a good business.

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    2. Covenant Oyetade on July 27, 2017 3:36 pm

      Half a billion?! ? That’s phenomenal! Telecommunications business is a good business. I should be thinking of how to have my own share of this huge opportunity.

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