Telecom and technology companies are increasing investment in Africa as the rapid take up of smartphones and improving internet coverage drives new digital business opportunities, according to TMT Finance.
More than 750 million mobile phone users in Africa are expected to subscribe to mobile broadband services by 2020 compared to just 200 million in early 2016, which is driving massive growth for mobile operators as well as the potential for m-commerce, m-money, and m-banking services, plus areas such as agriculture and health.
Mobile operators are responding to this growth by ramping up investment in infrastructure, technology and services which also offers a fantastic opportunity for vendors and application providers, say telecom bankers and advisers.
Leaders from Africa's biggest telecom and tech companies including MTN, Orange, Liquid Telecom, Microsoft, Google, Jumia, American Tower, SEACOM, Atlas Mara, Helios and Eaton Towers are meeting with investment bankers, investors and advisers in London on May 24 to discuss new investment opportunities.
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Source -PRLog (Press Release Distribution)