Mobile tech, surprisingly, only brought in 7.7% of GDP in Sub-Saharan Africa in 2016. Africa’s mobile revolution holds huge opportunities for the continent but it’s still missing the mark when it comes to the actual economic benefit for Africans.
This was the view of Rapelang Rabana, founder and CEO of education technology company Rekindle Learning, speaking as part of a panel discussion at the AfricaCom 2017 launch event in Johannesburg.
She said: “Obviously, I think we are all quite fascinated by mobile, digital and all things Internet, and the potential of what it can do. While we have come a very long way in the last 10 years, it is always important to put this in perspective that Africa still contributes less than 5% to global trade and global GDP, so we still haven’t made the economic impact we need to make.”
According to “The Mobile Economy: Sub-Saharan Africa 2017” report released by GSMA this week, mobile technologies and services generated just 7.7% of GDP in Sub-Saharan Africa in 2016.
GSMA found that last year, mobile-related tech and services generated $110 billion of economic value in the region. This amount is set to grow to $142 billion, or 8.6% of GDP, by 2020. The mobile ecosystem also supported approximately 3.5 million jobs in Sub-Saharan Africa in 2016.