Africa’s Telecom Boom

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The macroeconomic analysis site RGE Monitor (subscription only) reports that Africa appears to be in the midst of a telecommunications boom. “Mobile phones now account for more than 90% of lines in Africa as mobile-phone technology has made owning a phone affordable and convenient for the first time,” the site says. “Africa has added 65 million new subscribers during 2007.” Roughly 250 million people in Africa are now cell phone subscribers, but with a contintent-wide population of 900 million, there remains a lot of room for growth. The RGE Monitor also says that developing-world multinationals are taking advantage of the […]

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