You won’t believe at what scale mobile money usage is growing in Africa until you read thisGura Stores
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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.
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.
More in this report by GSMA.
Originally published here