Report: $10 billion investment opportunities in African ICT

APRIL 12, 2010 -- A new series of reports on the telecom, technology, and financing sectors of Ethiopia, Nigeria, and Zimbabwe assert that there are investment opportunities worth up to $10 billion dollars and growth prospects averaging 24% over five years.

APRIL 12, 2010 -- A new series of reports on the telecom, technology, and financing sectors of Ethiopia, Nigeria, and Zimbabwe assert that there are investment opportunities worth up to $10 billion dollars and growth prospects averaging 24% over five years.

Investment Opportunities in the ICT Sector Africa : 2010 Volume 1, published by consulting firms BroadGroup and Technology Strategies International, provide analysis of what the consulting firms describe as “three of Africa’s riskiest yet highest potential markets.” The three countries have a combined population of 237 million and teledensity of just 25%. Projected average mobile growth rates over the next five years are 38%, 10%, and 24% respectively, the reports assert.

The investment reports are the first to present detailed analyses of the financing environment for the ICT sector in each country, the firms claim. Analysis includes private equity and banking sectors and investment funds active in infrastructure and related ICT investing as well as existing telecom players, new entrants, and upcoming government and private projects.

Sector investment opportunities are identified, which range from micro-financing initiatives for local entrepreneurs, to investments of between $500 million to $5 billion. The reports cover diligence activity, government subsidies, national backbone coverage, and plans underway to extend infrastructure.

The reports aim to enable well-founded investment decisions in the rapidly evolving African ICT sectors.

“The primary objective of the study is to provide an informed assessment of each country’s growth prospects in the ICT sector, banking structure, and key sources of capital,” commented Christie Christelis, president and CEO at Technology Strategies International. “It also presents market forecasts for each major ICT segment in each country, and key investment opportunities.”

“The countries covered in this first report are among the most challenging for ICT,” commented Dominic Lowndes, managing director of BroadGroup TMT Ventures. “At the same time they represent potential and opportunity for forward-looking investors.”

The reports are seen to be of particular interest to investment and development bankers, venture capitalists and private equity companies, angel investors, institutional investors, and corporate investors who are seeking background, context, and strategic analysis, as well as a comprehensive review of the investment environment in each country.

More information on the report is available at www.tmtfinance.com/reports.

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