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Africa’s phone users reach 700 million

Published on February 15, 2016

Mobile phone subscriptions are now almost eight times higher in Africa than in 2000, reaching about 700 million.

According to a report by the International Telecommunication Union (ITU), mobile technology has played a crucial role in promoting financial inclusion in sub-Saharan Africa, where less than 20 per cent of households have access to formal financial services.

The liberalisation of the communications sector in many African countries has also enabled leading global telecom providers to expand their brands and compete for market share. Their strategies have included partnering with smaller manufacturers to develop more affordable mobile devices. Read more. Source |The East African