Africa’s mobile markets have become the fastest growing in the world, achieving some 40%-plus year-on-year growth. This growth is being fuelled by a range of factors typical of emerging and developing markets and is also influenced by the effects of market saturation in more developed nations. Increasingly the focus of international operator interest, Africa’s numerous and potentially lucrative telecoms opportunities present a unique investment risk profile that may not necessarily represent a ‘comfortable’ proposition for the average Western investor.
The dynamics
