7 Amazing African Business Facts I Like To Hold on To In 2012

·        According to the results of a recent Industry Outlook survey commissioned by Informa Telecoms & Media, Mobile broadband is the biggest single revenue opportunity in Africa in the immediate and longer term. The annual mobile data revenues in Africa will reach $18.5 billion by 2016, a recent Industry Outlook survey commissioned by Informa Telecoms & Media has indicated.

·         Shenzhen-China based company, Huawei plans to capitalize on low mobile-broadband penetration rates and increasing demand for smart phones in Africa, Li Dafeng, president for eastern and southern Africa, said in an interview in Nairobi, the capital, on Nov. 7. The company will also focus on developing its enterprise business that supplies equipment to governments and companies.

·         Nigeria, Africa’s most-populous nation, is Huawei’s biggest market for its carrier division on the continent, which supplies equipment to mobile-phone companies.

·         Economic growth in sub-Saharan Africa is expected to accelerate to 5.7 percent next year (2013) from 5 percent this year, outpacing every other region except developing Asia, the International Monetary Fund.

·        Africa is home to seven of the world’s 10 fastest growing economies.

·         Gabon is the world's second-largest producer of manganese, a steel-making ingredient, after South Africa.

·     The African Union christened the years 2010 to 2020 as the “African Women’s Decade.”