Africa: World’s Fastest Growing Mobile Market

As of this year, China and India may have the world’s largest mobile markets, but the African continent is catching up fast. As of mid-2007, there were over 231 million mobile subscribers. This represents an increase of 45 per cent year-on-year, a rate that has made the continent the world’s single fastest-growing regional mobile market.

Africa’s 5 biggest mobile markets – South Africa, Nigeria, Algeria, Egypt and Morocco – accounted for 59 per cent of the continent’s subscription base by the end of June. By this year, Nigeria is expected to overtake South Africa to become the continent’s largest mobile market.

INTUG