Sub-Saharan Africa’s mobile economy is booming

According to GSMA new study, Sub-Saharan Africa’s mobile economy valued at more than USD 150 billion in 2018 and it is expected to generate USD 185 billion by 2023. This means that Sub-Saharan Africa will be the world’s fastest-growing mobile region seeing that million African youth are penetrating the market as new consumers. As per the study, more than 160 million new unique mobile subscribers will be added across the region by 2025, bringing the total to 623 million, representing around half of the region’s population, up from 456 million (44 per cent) in 2018. “With mobile technology at the heart of Sub-Saharan Africa’s digital journey, it is essential for policymakers in the region to implement policies and best practices that ensure sustainable growth in the mobile industry, and enable the transition to next-generation mobile networks,” noted GSMA Head of Sub-Saharan Africa Akinwale Goodluck.