ICT Financing Trends
Total commitments to Africa's ICT sector stood at $1.6bn in 2016, significantly lower than the $2.4bn recorded in 2015 and the lowest figure recorded in the last four years.
Total ICT sector financing by source, 2013-2016
Budget allocations made by African national governments increased to $853m in 2016, from $570m in 2015. However, this increase is offset by a significant decrease in commitments from China, ICA members and non-ICA European DFIs. The reduction in commitments from China was significant, with just $300m recorded in 2016 compared with $1.03bn in 2015.
ICA member commitments to the sector totalled $417m in 2016 (approximately 25% of the total), down from the $616m committed in 2015. This followed three years of rising ICA commitments to the sector.
Southern Africa and the Republic of South Africa saw increases in funding in 2016 - with total commitments rising from $697m in 2015 to $715m in Southern Africa and from $12m in 2015 to $149m in RSA. All other regions saw a decline in funding, with the most significant falls in West Africa and Central Africa, to $149m and $277m respectively.
Total ICT sector financing by region 2016