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Telecoms Will Be Africa’s Fastest Growing Industry: New Study

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Sourced from the Guardian Nigeria. The telecoms sector will be the fastest-growing industry in Africa over the next five years as internet connectivity improves, new research with business leaders for blockchain-based mobile network operator World Mobile shows. When asked to pick the three sectors that they believe will see the strongest growth over the next five years, three out of four (75%) senior executives selected telecoms in the study. It was comfortably ahead of the healthcare sector which emerged as the second choice selected by 61% of survey respondents as one of three industries that will see the strongest growth ahead of tourism at 44% Senior executives at companies with combined annual revenues of more than $6.75 billion based in Tanzania, Angola, Botswana, Cameroon, Ethiopia,...

Is Africa’s Internet Economy Set for a Boom in the Near Future? Is Africa’s Internet Economy Set for a Boom in the Near Future?
Politics

Is Africa’s Internet Economy Set for a Boom in the Near Future?

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Image sourced from Newsweek. Professional investors are forecasting strong growth in the value of Africa’s internet economy with mobile phones central to the expansion, new global research from blockchain-based mobile network operator World Mobile shows. Mobile Internet Will Lead Into a Boom Period The study with professional investors responsible for around $700-billion assets under management by independent research company PureProfile found one in four (25%) expect the value of Africa’s internet economy to more than double over the next three years from the current estimated $115-billion. More than half (51%) expect it to be worth more than $200-billion by 2025. Increased use of mobile phones will be central to the growth which will be further enhanced by improved affordability, the stu...

Zanzibar to Be Fully Covered by Balloon-Driven Mobile Internet – Is Kenya Next? Zanzibar to Be Fully Covered by Balloon-Driven Mobile Internet – Is Kenya Next?
Politics

Zanzibar to Be Fully Covered by Balloon-Driven Mobile Internet – Is Kenya Next?

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World Mobile’s balloon-driven hybrid mobile network solution. Image sourced from CityAM. World Mobile, a London, UK-based mobile network provider, is launching a unique hybrid mobile network supported by low altitude platform balloons in Zanzibar, as it plans to roll out its innovative service providing reliable mobile internet to more people at a lower cost throughout the African continent. World Mobile’s balloons will be the first to officially launch in Africa for commercial use, providing a more cost-effective way to provide digital connection to people compared to rolling out legacy internet infrastructure. The remotely controlled aerostat balloons are powered by solar panels, inflated by helium and tethered to the ground. Once airborne, they act as floating cellular base statio...