Growth in Africa's mobile phone users is set to slow sharply in the next five years, a study showed on Thursday, heralding an end to the boom in an industry that has spurred the continent's growth.
A report by global industry body GSMA expects subscriber growth to slow to 6 per cent between 2015-2020 compared with 13 per cent growth in the first half of the decade, citing lack of commercial logic in setting up network coverage in some rural areas, where more than half of the population lives.
"I am bit surprised by this development because I expected strong growth to continue because the penetration rate in Africa is still well below 100 per cent," Mortimer Hope, GSMA's Africa director, told Reuters. Read more. Source | The East African