Africa’s telecommunication industry remains attractive to investors despite the global economic slowdown. According to a study carried out by the UN Economic Commission for Africa, African Development Bank and the Organisation for Economic Cooperation and Development, international providers remains committed to increasing their presence on the continent. The study predicts mobile phone coverage and internet use are expected to grow this year.

“The current crisis will probably have less impact on FDI (foreign direct investment) for telecommunications because of Africa’s large potential market and the relatively low impact of the crisis on the consumers,” said the report, entitled “African Economic Outlook”.

Mobile phone subscriptions continue to increasing annually, rising by 41 percent in 2008.

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