Telecommunications & Technology

Africa’s technology and telecommunication sector has been booming since the beginning of the millennium. In fact, recent studies show that it would be one of the few regions in the world that would see a major boom in both mobile connections and service revenue over the next five years.

In Focus

Reports suggest that by 2030 the use of 4G would surpass 3G, and 5G is expected to gain a stronger foothold. Prime factors that would contribute to this would be improved transmission technology along with growing infrastructure which will increase internet speed and accessibility.
Improvement in telecommunication would naturally lead to more technological innovations and business improvement.
The digital economy is a major unexplored arena in the continent that has the potential to bring in a wave of change to improve the continent’s economy.
Africa’s young population play a major role in the increasing usage and the overall scenario change of telecommunication and technology, bringing about a positive change. More job opportunities, access to markets, competitiveness, awareness and increased productivity are some of the positives that technology offers to the youth of the continent.

Opportunities

Technology and telecom is a lucrative opportunity considering the vast youth population who are ready consumers for all the latest developments in these sectors.
Internet penetration, which does not compromise on quality and affordability is crucial to development. The world of the internet and telecommunications is continuously transforming and integrating them with the existing network of the continent is the need of the hour. Investment in infrastructure and last mile connectivity can hugely transform the technology landscape.
New technological innovation in the telecommunication sector would in turn lead to development in other sectors, especially in this post-pandemic era when everybody had realized the importance of online resources and social media. For instance, increased internet penetration would help students attend courses offered by international colleges sitting in the comfort of their homes.