Be it financial inclusion, education, healthcare or social reform, mobile was the key word associated with discussions around these topics at the World Economic Forum on Africa 2013, held in Cape Town this past week.
Mobile is perhaps a distinctly African opportunity. The fact is that more people have mobile phones in Africa than they have bank accounts. Africa has more than 650 million mobile phone subscribers, which is more than the US or the European Union. And it’s a market that has grown exponentially. According to the World Bank, since 2000 the mobile phone market in Africa has grown 40-fold, from 16.5 million.