Tag Archives: growth
growth: Latest News
Peter Pedroncelli, 7:23 am
Sub-Saharan Africa is set to be the fastest growing region in the world in terms of mobile subscriptions over the current five-year period, with over half a billion mobile subscribers expected in the continent by 2020. A new research report from industry body Groupe Spéciale Mobile Association (GSMA) confirms that the African region will experience phenomenal growth from a mobile subscriptions perspective until the end of the current decade.
Peter Pedroncelli, 5:54 am
Africa has experienced a major growth of new mobile subscriptions during the first quarter of 2017, with nine million Africans signing up for new services during that time. Out of 107 million new mobile subscriptions that were added globally, nine million were from Africa with three million of those from Nigeria alone, according to the latest Ericsson Mobility report. In terms of the total mobile subscriptions globally, Africa now has 985 million, more than the total amount of subscriptions in Western Europe (520 million) and the Middle East (415 million) combined.
Peter Pedroncelli, 6:15 am
While wearable tech is all the rage across the globe, Africa is not being left behind, with first quarter data showing impressive growth for the African region, alongside the Middle East. Wearable devices such as the Samsung Gear and Apple iWatch have gained traction in Africa, and the latest figures compiled by the International Data Corporation show an upward trend for the fashionable and functional accessories. The International Data Corporation’s Worldwide Quarterly Wearable Device Tracker for the first three months of 2017 illustrates that shipments of wearables were up 30.2 percent year-on-year.
Reuters, 1:01 am
Airbnb, a US-based online marketplace to list or rent short-term lodgings, expects to double its customer numbers in Africa this year to 1.5 million. Company CEO Brian Chesky was in Cape Town’s oldest township Friday to surprise graduates from an Airbnb training program. He described Africa as “an incredibly exciting emerging market for travel.” The top five Airbnb cities in Africa are Cape Town, Marrakesh, Johannesburg, Nairobi and Casablanca, although listings are found from St. Helena island in the South Atlantic Ocean to Freetown, Sierra Leone, and Somalia.
Dana Sanchez, 12:35 pm
Facebook beat Wall Street expectations for sales and user growth in the fourth quarter of 2016, and it credits Internet.org, its free basic version of the internet in developing countries, for helping make that happen. It added more users worldwide in the fourth quarter than any quarter since the company went public in 2012. Founder Mark Zuckerberg’s vision is to get more Africans online. “This isn’t a purely altruistic venture,” an analyst said. Internet.org, is available in 23 African countries through partnerships with mobile operators.
Peter Pedroncelli, 2:15 am AFKI Original
The African continent is home to some of the fastest growing economies on the planet, with numerous nations on the continent among the top 10 best performing economies globally. The best performing economies in Africa have benefited from government policies and structural reforms, which have resulted in strong inclusive growth. According to the International Monetary Fund’s (IMF) World Economic Outlook for 2016, a long list of African economies were in line to achieve positive growth above 3% for the year 2016.
Staff, 4:37 pm
Democratic Republic of Congo has been one of sub-Saharan Africa’s strongest performers in terms of real gross domestic product growth over the past five years, as the economy recovers from a civil war that ended in 2003. But uncertainty over whether the country will hold elections this year has alarmed foreign investors. A slump in global commodities prices hit DRC’s mining industry, which has been forced to scale back production.
Dana Sanchez, 11:18 am
When it comes to selling advertising in Africa, Facebook is a newcomer. It still has a learning curve on how to do more business on the continent. A year after opening its first African office, the social media network has grown 18% in Kenya, 16% in South Africa, and 6% in Nigeria. That sounds like a lot, but it may not be fast enough for Facebook. A soon-to-be-launched Facebook satellite will allow more Africans to connect to the Internet, “not at the (current) rate, but we need to fast forward the rate people are connecting,” said Facebook Africa head Nunu Ntshingila.
Keren Mikva, 7:52 pm AFKI Original
Hungarian-American businessman George Soros has become one of the most aggressive foreign investors in African economies. While many predict a decrease in investment due to regional instabilities and lingering Ebola fears, Soros says African investment remains one of the few bright spots on the gloomy global economic horizon. As one of the richest people in the world with a track record of investment profits, Soros might just know what he’s talking about.
Dana Sanchez, 7:31 pm
Seven of the 10 fastest-growing air passenger markets over the next 20 years are expected to be in Africa. African aviation accounts for more than 70 million passengers a year. Infrastructure and safety are the industry’s two biggest challenges. Infrastructure is improving as new airports are commissioned and Africa’s aircraft fleet gets younger. Safety seems to be improving too.
- Real Estate