Africa's Mobile Economy Hits $240 Billion; Standard Bank Launches eSIMs
In partnership with Lire en Français اقرأ هذا باللغة العربية Happy pre-TGIF If you don’t think about it too much, it’s the weekend already and you have approximately 36 hours of rest before a new week begins. —Zia Get smarter about Francophone Africa with our newsletter, Francophone Weekly—the startups, tech policies, and institutions building the pipelines for ecosystem growth. Subscribe Nigeria wants to give you freeTV Standard Bank launches eSIMSs on its mobile network Mor
Africa's mobile economy has reached an impressive $240 billion, highlighting the continent's growing digital landscape. In a related development, Standard Bank has launched embedded SIMs (eSIMs) on its mobile virtual network operator (MVNO), Standard Bank Connect. This allows customers to activate mobile plans digitally without needing a physical SIM card. Banks are increasingly entering the mobile network space to deepen customer relationships and generate new revenue streams. This trend is particularly notable in South Africa, which is considered Africa's MVNO capital, with numerous retailers and banks operating their own mobile networks. Nigeria is also exploring this avenue, having licensed numerous MVNOs, though adoption remains low. Meanwhile, Morocco is betting on artificial intelligence to advance its healthcare sector.
This item highlights key economic and technological trends across Africa, including the growth of the mobile economy and the increasing involvement of financial institutions in telecommunications.
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