Africa can no longer be considered the Dark Continent. Given the rate at which mobile connectivity is growing, it seems only natural that the way business is done will change.

A development worth noting is that for the first time ever, investment funds exceed aid funds in Africa – According to The World Bank. This is a clear indication that Africa is open for business, offering attractive returns on investment for globally investors.

Africa has given birth to some enviable Telco brands such as MTN Group, Econet Wireless/ Liquid Telcom (or Econet Group), Globacom and several others.

The World Bank – Transformational Use of Information and Communications Technologies in Africa, 2012 Report states that at the dawn of the 21st century, Africa had roughly 17 million mobile subscriptions; but today, more than half a billion Africans [in Africa]own a mobile phone. Notably the telecommunications revolution has also sparked transformation in other sectors such as financial services, healthcare, energy and many more.

An infographic on the impact telcos have made across sub-Saharan Africa. Source MTN Insights
An infographic on the impact telcos have made across sub-Saharan Africa. Source MTN Insights