Ericsson Report: 310 million LTE subscriptions in Sub-Saharan Africa by 2023

  • LTE subscriptions will expand by 47 percent from 30 million in 2017 to 310 million by 2023 in Sub-Saharan Africa.
  • Sub-Saharan Africa mobile broadband subscriptions are forecasted to grow by 16 percent from 350 million in 2017 to 880 million by 2023.
  • The first 5G subscriptions in the Middle East and North Africa are expected from 2020, reaching around 17 million subscriptions by the end of 2023.

The latest regional appendix to the upcoming Ericsson (NASDAQ:ERIC) (www.Ericsson.com) Mobility Report forecasts that LTE subscriptions will expand by 47 percent from 30 million in 2017 to 310 million by 2023 in Sub-Saharan Africa.

The report also announces that mobile subscriptions in Sub-Saharan Africa are expected to grow by six percent, between 2017 and 2023, from 700 million mobile subscriptions in 2017 to 990 million subscriptions by 2023.

Moreover, mobile traffic in the Middle East and Africa (MEA) will increase at a compound annual growth rate (CAGR) of 49 percent while mobile subscriptions for the total MEA region are expected to grow at four percent CAGR between 2017 and 2023, from 1.59 billion in 2017 to 2.03 billion by 2023. This equates to three percent growth in the Middle East and North Africa, from 890 million mobile subscriptions to 1.04 billion subscriptions between 2017 and 2023.

On the other hand, mobile broadband subscriptions are forecast to grow by 15% for the MEA region from 820 million in 2017 to 1.85 billion by 2023. This is broken down into a 13 percent increase for the Middle East and North Africa from 460 million mobile broadband subscriptions in 2017 to 980 million by 2023. Similarly, Sub-Saharan Africa mobile broadband subscriptions are forecasted to grow by 16 percent from 350 million in 2017 to 880 million by 2023.

When it comes to LTE subscriptions, the MEA region is expected to grow by 29 percent from 190 million to 860 million by 2023. This means that LTE subscriptions in the Middle East and North Africa will grow by 23 percent from 160 million in 2017 to 570 million by 2023. For the Sub-Saharan Africa region, LTE subscriptions will expand by 47 percent from 30 million in 2017 to 310 million by 2023.

Rafiah Ibrahim, Head of Ericsson Middle East and Africa, said: “Total mobile traffic for the region is forecasted to grow by around 49 percent annually between 2017 and 2023. This rapid growth is seeing operators increasingly exploring methods of optimizing their networks with more capacity and coverage. We are supporting operators across the region throughout the different phases of the network evolution, enabling best performing networks and differentiated customer experience.”

Finally, the report mentions that in the Middle East and North Africa, strong growth is forecasted for both WCDMA/HSPA and LTE during the period. Combined, these technologies will see a rise from 50 percent to over 90 percent of total subscriptions by the end of the period.

The first 5G subscriptions in the Middle East and North Africa are expected from 2020, reaching around 17 million subscriptions by the end of 2023.

Further highlights from the regional appendix of the Ericsson Mobility Report include:

The Internet of Things (IoT) is facilitating the digital transformation of industries, and providing mobile operators in the Middle East and Sub-Saharan Africa with opportunities to explore new revenue streams.

Cellular IoT subscriptions in the Middle East and Africa are expected to grow from 35 million to 159 million between 2017 and 2023 – a compound annual growth rate (CAGR) of around 30 percent.

Exploring new digitalisation revenues

For mobile service providers, traditional revenue sources are shrinking, and so new revenue streams are being explored. As the world becomes more connected, industries are experiencing an ICT-driven transformation. Industry digitalization revenues for ICT players come from adopting or integrating digital technologies into a specific industry. 5G-enabled industry digitalization revenues for IoT in the Middle East and Africa are predicted to reach $242 billion through 2026.

5G will be an important technology in growing industrial digitalization, particularly for use cases dependent on extra-low latency and high reliability. This presents an opportunity for service providers that are ready to explore smart revenue streams addressing B2B2X industry players.

IoT and 5G serving communities

Even though IoT is still in its infancy throughout most parts of the Middle East and Africa, there are still examples of how it has helped improve the livelihood of communities and industries in the region.

For example, in South Africa, Narrowband-IoT (NB-IoT) is being introduced to address the utilities sector, enabling tools for energy efficiency such as smart meters.

The global edition of the Ericsson Mobility Report will be released later this month.

Distributed by APO Group on behalf of Ericsson.

Media contact:
Media.Relations@Ericsson.com
(+46 10 719 69 92)
Investor.Relations@Ericsson.com
(+46 10 719 00 00)

About Ericsson:
Ericsson (www.Ericsson.com) is a world leader in communications technology and services with headquarters in Stockholm, Sweden. Our organization consists of more than 111,000 experts who provide customers in 180 countries with innovative solutions and services. Together we are building a more connected future where anyone and any industry is empowered to reach their full potential. Net sales in 2016 were SEK 222.6 billion (USD 24.5 billion). The Ericsson stock is listed on Nasdaq Stockholm and on NASDAQ in New York. Read more on www.Ericsson.com.

For media kits, backgrounders, and high-resolution photos, please visit www.Ericsson.com/press.

https://www.Ericsson.com/en/internet-of-things/iot-platform.

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Categories: AFRICA | Tags: | Leave a comment

Konnect Africa Brings Wi-Fi to Rural African Communities

Konnect Africa (www.Konnect-Africa.com), the Eutelsat-owned satellite broadband service provider, has unveiled SmartWIFI, a new hotspot service, as part of its ongoing commitment to bring digital opportunities to Africans.

This new service leverages Konnect Africa’s powerful, reliable satellite broadband network to enable sales outlets (retailers, hospitalities, gas stations, etc.) as well as healthcare centres or schools to become a connectivity point and digital gateway to opportunity for the surrounding population. Users will be able to access the internet from a distance of several hundred metres around the hotspot. Access can be extended to several kilometres through off-the-shelf Wi-Fi repeaters.

Users can access the SmartWIFI service through vouchers or mobile payment schemes. In addition, SmartWIFI comes with a unique local data storage system, enabling users in remote areas to access smart digital content free of data charges, including online courses and education programmes, sports and entertainment. Mobile and computer applications will also be available to help support daily business activities.

Konnect Africa CEO, Laurent Grimaldi commented from AfricaCom (http://APO.af/lb7KAQ): “This new Wi-Fi hotspot solution is designed specifically to address the needs of the majority of the African population that lives in rural areas, where there is a need to reduce the digital divide. In leveraging the ubiquity of our satellite network and locally operated hotspots we will foster more productive uses of digital technology to make everyday tasks easier for individuals and allow businesses in more remote areas to expand their footprint – let’s just think of weather apps to assist farmers, mobile phones to display bus timetables, or better information on market days that can help small producers enlarge their catchment area”, he added.

SmartWIFI will be available in all countries covered by Konnect Africa’s satellite broadband service. The new hotspot service will be deployed in partnership with local Internet service providers and telecom operators in strategic areas across Sub-Saharan Africa.

Details on the new hotspot solution were presented by Konnect Africa during AfricaCom’17 in Cape Town.

Have a look at the Konnect Africa SmartWIFI video at: http://APO.af/vm2aT9

Distributed by APO Group on behalf of Konnect Africa.

Press Contact:
Konnect Africa: Viviane Adjado, Vadjado@Eutelsat.Com, +44 74 2566 1308

About Konnect Africa:
Set up by Eutelsat in 2015, Konnect Africa (www.Konnect-Africa.com) aims to be the leading player in providing state-of-the-art satellite broadband solutions to telecom operators and internet service providers throughout the African continent. Konnect Africa’s ambition is to boost social and economic development in Sub-Saharan Africa by providing affordable broadband connectivity everywhere thus reducing the digital divide. With the aim of “taking broadband further”, Konnect Africa launched commercial services in June 2017 and is developing partnerships in nine African countries.
For more information, visit: www.Konnect-Africa.com.

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Moody’s assigns first-time issuer rating of A1/P-1 to the International Islamic Trade Finance Corporation, Outlook Stable

Moody’s Investors Service (www.Moodys.com) announced it has assigned a first-time long-term issuer rating of A1 and short-term issuer rating of P-1 to the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank Group (IsDB) (www.IsDB.org). The outlook on the rating is stable, according to Moody’s press release dated October 26, 2017.

According to Moody’s, “The ITFC’s credit profile benefits from significant capital buffers, balanced by high concentration levels and a track record of legacy non-performing assets, albeit with the prospect of significant recoveries in the future. The corporation benefits from prudent treasury investment practices and adequate liquidity management policies, and from strong implicit member support in the absence of contractual support via callable capital.”

“The outlook for ITFC’s rating is stable, reflecting Moody’s expectation that the corporation’s leveraging of the balance sheet will remain contained and that the formation of new non-performing assets will remain muted and in line with other trade finance institutions in Moody’s rated MDB universe, while the main legacy exposures are being recovered or written off”, said the announcement.

Chief Executive Officer, ITFC Eng. Hani Salem Sonbol welcomed the A1/P-1 rating by Moody’s and said “This investment grade rating assigned to ITFC by Moody’s denotes the corporation’s financial strength and fits well with our strategy to diversify our funding sources, increase our footprint in member countries and better serve our clients. This rating will make ITFC stronger and more impactful in the pursuit of our core mission – ‘advancing trade, improving lives’.”

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

Media contact:
Raghda Elsharawy
Head of Corporate Communications
Human & Corporate Resources
RElsharawy@ITFC-IDB.org
+966 12 646 8331

About the International Islamic Trade and Finance Corporation (ITFC):
The International Islamic Trade Finance Corporation (www.ITFC-IDB.org) is an autonomous entity within the Islamic Development Bank (IsDB) Group. ITFC commenced operations in January 2008 with the purpose of consolidating all the trade finance businesses that used to be handled by various windows within the IsDB Group. The consolidation of IsDB Group’s trade finance activities under a single umbrella enhanced the Corporation’s efficiency in service delivery by enabling rapid responses to customer needs in a market-driven business environment.

As a leader in Shari’ah-compliant trade finance, ITFC deploys its expertise and funds to businesses and governments in its Member Countries. With the vision of being the leading the provider of trade solutions for OIC Member Countries’ needs, the Corporation helps entities in Member Countries gain better access to trade finance and provides them with trade development programmes in order to help them compete successfully in the global market. Operating to world-class standards, ITFC promotes IsDB developmental objectives through its two main pillars, Trade Finance and Trade Development, to fulfil its brand promise of ‘Advancing Trade & Improving Lives’.

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Source:: Moody’s assigns first-time issuer rating of A1/P-1 to the International Islamic Trade Finance Corporation, Outlook Stable

      

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Home Affairs Director-General Mkuseli Apleni will brief the media on the uptake of the Zimbabwean Exemption Permit (ZEP) and extension of scheduling of appointments to visit VFS offices

Home Affairs Director-General Mkuseli Apleni will present a progress report on the application process for the new Zimbabwean Exemption Permit (ZEP) and announce the extension of the period for permit-applicants to finalise their applications, in person, at VFS offices.

The DG will reflect also on the project’s challenges, including alleviating the congestion that ZEP applicants are experiencing at VFS offices.

Members of the media are invited to the briefing as follows:
Date: Friday, 10 November 2017
Venue: Home Affairs Ministry, 909 Arcadia Street, Hatfield, Pretoria
Time: 11h00

Distributed by APO Group on behalf of Republic of South Africa: Department of Government Communication and Information.

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Source:: Home Affairs Director-General Mkuseli Apleni will brief the media on the uptake of the Zimbabwean Exemption Permit (ZEP) and extension of scheduling of appointments to visit VFS offices

      

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