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Mobile industry adds $184 billion to economy as 5G adoption gathers momentum

Mobile industry adds $184 billion to economy as 5G adoption gathers momentum

Technology & Innovation
From the $155 billion it added to the sub-Saharan Africa (SSA) economies in 2019, the mobile industry is expected to increase this to $184 billion by 2024. This is according to the Global System for Mobile telecommunications Association (GSMA) SSA Economy report, presented Tuesday at the ongoing GSM Thrive Africa conference. The body said despite the economic uncertainty brought about by the COVID-19 crisis, operators in the region would invest $52 billion in infrastructure rollouts within the next five years. GSMA noted that the COVID-19 pandemic had a profound impact on the digital landscape in SSA and around the world, adding that the social distancing measures put in place to curb the spread of the pandemic have brought to light the value of connectivity for social and eco...