Blockchain-based mobile network operator, World Mobile figures show Nigeria, Kenya, South Africa and Egypt will fuel the continent’s mobile commerce boom. According to World Mobile chief executive officer Micky Watkins, professional investors see the opportunities in the sector and expect the mobile phone to drive growth. “Affordability is central to the increasing adoption of mobile phones but none of it is achievable without connectivity,” he said at the launch of the report. Professional investors polled believe healthcare is the sector that will see the most benefit from increased connectivity. Around 53 percent highlighted the opportunities for healthcare, ahead of e-commerce (42 percent), and media and entertainment (40 percent). In the period under review, there will be significant growth of smartphone penetration in Africa and simultaneous growth in digital retail transactions. World Mobile’s report show there will be around 120 million new mobile subscribers by 2025 on the continent, taking the total to 615 million, up from 495 million in 2020.
SOURCE: TRUE AFRICA
More Stories
Joshua Baraka is Ugandan Music’s Next Big Thing
Design for Human Rights
A Landmark Exhibition Celebrating the Global Impact of Modern and Contemporary African Fashions
Seven Striking Images by Africa’s New Creative Wave
Broken Chord, Sadler’s Wells Review – Sublime Music for the Tale of a South African Choir
Kinshasa’s Street Artists Raise Issues about Globalisation and Economic Plunder
Africa’s Leading Tourist Attraction 2023 Nominees
Lagosians will Proudly Tell You there’s No Party like a Lagos Party
If You Are Looking to Set Up an Office Remotely, South Africa has It All
Luxury Places to Stay in Zanzibar for a Memorable Vacation on the Island
Accelerating and Scaling Priority Infrastructure Development in Africa
Case Studies: Strategising for a New Era of African Trade