You won’t believe at what scale mobile money usage is growing in Africa until you read this

You won’t believe at what scale mobile money usage is growing in Africa until you read this

DID YOU KNOW:

More than 160 million new unique#mobile subscribers will be added across#SubSaharanAfrica by 2025, bringing the total to 623 million, representing around half of the region’s population, up from 456 million (44 percent) in 2018.

#Subscriber additions will be concentrated in high-growth markets such as #Nigeria and#Ethiopia.

Around 239 million people, equivalent to 23 percent of the region’s population, use the mobile#internet on a regular basis.#Smartphones accounted for 39 percent of mobile connections in Sub-Saharan#Africa in 2018, forecast to increase to two-thirds of#connections by 2025.

#3G will overtake#2G to become the leading mobile#technology in Sub-Saharan Africa this year. hashtag#4G will account for almost one in four connections by 2025.

However, 4G uptake is being dampened in some markets by the high cost of 4G#devices and delays in assigning 4G spectrum.

The region’s#mobileoperators are increasing investment in their#networks and are expected to spend $60 billion on network#infrastructure and services between 2018 and 2025 – almost a fifth of this total being invested in new#5G networks.

#SSA’s mobile#economy supports around 3.5 million#jobs, and last year contributed almost $15.6 billion in#taxes.

More in this report by GSMA.

Originally published here

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