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Percentage of Individuals Using the Internet in Africa
Despite strong mobile phone penetration, many of these mobile phone owners in Africa do not have steady enough incomes to afford data subscriptions.
Thus, investments to expand mobile broadband connectivity across the continent has managed to cover 83% of the population, but only 40% of Africa’s population is actually subscribed to the internet.
In fact, Sub-Saharan Africa is the only region in the world where mobile broadband coverage continues to outpace mobile usage; as a result, the usage gap has been widening over the years.
Related Report
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The Future of Fintech in Africa
Eighteen percent of the world’s population lives in Africa, and 57% of Africans are ‘unbanked’, without a bank account or a digital wallet. This presents a massive opportunity, making fintech the most dominant and funded tech sector in Africa today. This special report highlights how African fintechs not only have one of the largest total addressable markets globally but are also crucial for achieving financial inclusion and empowering unbanked populations. The potential impact of a successful fintech in Africa is unparalleled. To learn more about the drivers, barriers, and opportunities in African fintech, as well as progress toward financial inclusion, read the special report.
