Skip to main content

Posts

Showing posts with the label SEACOM

Zimbabweans the biggest winners in 2011 telecoms investment bonanza

Although Nigeria and South Africa received by far the largest share of the $10.2Bn of investments in African telecoms infrastructure announced in 2011, the biggest winners were citizens of Zimbabwe. In absolute terms, Nigeria ($3.3Bn) and South Africa ($1.8Bn), represent 50% of the total investment, but at $54 per person, Zimbabweans benefited from more than twice as much investment per person as Nigerians ($21) or South Africans ($37.50) and received more than double the continental average ($24). Much of the new $700Mn going into Zimbabwean telecoms was spent on mobile data services, either direct to modem or to 3G handsets, taking advantage of new sub-sea bandwidth - such as that provided by SEACOM - to provide Internet connectivity to consumers. Zimbabwe, it must also be remembered, has been a significant beneficiary of Chinese investment dollars for all manner of infrastructure projects. Worst off of the large nations were citizens of the Democratic Republic of Congo ($2.75), whic...