New global research for blockchain-based mobile network operator World Mobile showed that professional investors are expecting strong growth in the value of Africa’s internet economy, with mobile phones central to the expansion
The new global research study with professional investors responsible for around US$700bn worth assets under management by independent research company PureProfile found one in four (25%) expect the value of Africa’s internet economy to more than double over the next three years from the current estimated US$115bn. More than half (51%) is expected to be worth more than US$200bn by 2025.
Increased use of mobile phones will be central to the growth which will be further enhanced by improved affordability, the study with investors in the US, Germany, the UK, Hong Kong, India, Japan, Nigeria, and Switzerland found.
Professional investors questioned believe healthcare is the sector which will see the most benefit from increased connectivity. Around 53% highlighted the opportunities for healthcare ahead of e-commerce on 42% and media and entertainment on 40%. Education was chosen by 33% of professional investors questioned alongside finance which was selected by 34%.
World Mobile is launching its hybrid mobile network supported by low altitude platform balloons in Zanzibar. It plans to roll-out the plan throughout the continent and is already in discussions with government officials in Tanzania and Kenya, as well as other territories underserviced by traditional mobile operators.
