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Africa has experienced rapid growth in the ICT sector and with over half a billion mobile subscribers, the continent is set to become a choice destination for telecom investors. ICT in Africa is a blooming industry with its own set of unique opportunities and challenges. In the past decade, the growth of Africa’s mobile industry is considered to be one of the continent’s successes in development and technology.

Services like M-Pesa have been innovative in developing solutions for an African context, offering mobile banking and money transfers where many remain unbanked. According to a recent report by the African Development Bank (AfDB), ICT in Africa remains an attractive business area. This could be a good opportunity for ICT firms wishing to tap into this area, for which Oakmark can help to facilitate your entry.