Growth in African market

Growth in African market

During 2004 and 2005 Africa saw overall mobile market growth surge forward faster than any other continent in the world, almost doubling the size of the entire African market in those 2 years, and that growth should continue for some time. As
Africa relieves its debt burden, continues to liberalize its telecoms markets and open up to further competition and foreign investment, the mobile sector will be a vital component of future growth on the continent.
Africa is a vast market of almost 900 million people, and just 14 percent of them currently have a mobile phone.
2005 was a significant year for the mobile industry in
Africa, as the market passed the all important ‘100 million subscribers’ milestone. By the end of 2005, the African continent is home to a little over 113 million mobile subscribers, but the region is set to see significant growth in mobile subscribers between 2006 and 2011. Whilst Asia will see the greatest number of net additions over the next 6 years, Africa will emerge as the fastest growing mobile market in the world, with total mobile subscribers in the region expected to increase at a CAGR of approximately 22.2 percent during the period from 2005 to 2011, resulting in a mobile subscriber base of 378.62 million by the end of 2011.

 

Mobile penetration across most of the region is still quite low despite the fast growth in recent years. Overall, the region had a mobile penetration rate of 10.3 percent at year-end 2004, rising to approximately 14.3 percent by the end of 2005. Penetration is forecast to rise to 41.8 percent by the end of 2011. This report offers you a snapshot of the African mobile market during the second half of 2005 and offers forecasts for growth across the continent.

http://www.portioresearch.com/africa_opps.html for further details.