Survey shows Nigeria, Kenya and SA top Africa's ICT markets
29 July 2011
South Africa (SA), Kenya and Nigeria have been found to be the three African nations that are topping ICT markets in the continent.
The Africa Business Panel released findings from a survey showing that their technology infrastructures are developing at the fastest rates out of all African countries, IDG media research company reported.
According to the news provider, this is the result of being "targeted by the international telecom investors".
Africa's largest telecom sector with regards to subscriptions and investments belongs to Nigeria, while SA and Kenya follow close behind.
Other nations that also made it into the top ten ICT markets in Africa include Zimbabwe, Egypt, Ghana, Uganda and Botswana.
The Africa Business Panel revealed that international ICT investors are looking to the continent for "attractive investment opportunities", which is resulting in year-on-year growth for national economies in the region.
This report comes after Seacom announced it will be investing R100 million (£9.04 million) into SA's broadband and telephone services in an attempt to meet growing demand from users in the country.