Mobile ecosystem will now add $150bn to Africa’s economy
According to Engineering News, The mobile ecosystem is now adding in excess of $150-billion – 6.7% of gross domestic product (GDP) – to Africa’s economy, as mobile subscribers pass the 500-million mark and new opportunities for consumers, businesses and governments are unlocked, a new GSMA study shows.
The ‘Mobile Economy: Africa 2016′ report highlights the increasing contribution of Africa’s mobile industry to the regional economy, including employment and public funding, and mobile’s role as a platform for digital and financial inclusion, says GSMA director general Mats Granryd.
By 2020, mobile technologies and services are expected to contribute around $214-billion, or 7.6% of GDP, as countries benefit from the improvements in productivity and efficiency on the back of the increased take-up of mobile services.
Africa’s mobile ecosystem also supported 3.8-million jobs, resulting in a tax contribution of $17-billion in 2015.
This is expected to increase to 4.5-million jobs and tax contributions of $20.5-billion by 2020.
“Many local and global innovators and tech entrepreneurs are now using the expansion of advanced mobile infrastructure in the region and the growing adoption of smart devices to deliver mobile-based solutions that directly appeal to local interests and cultures,” the report said.