On average, 8 in 10 people in the developing world own a mobile phone, and the number is steadily rising. Even among the poorest fifth of the population, nearly 70% own a mobile phone. The lowest mobile penetration rate in sub-Saharan Africa is 73%, in many countries, mobile network coverage is universal or near-universal.
Still, internet adoption lags behind considerably: only 31% of the population in developing countries had access in 2014, compared to 80% in high income countries.
About $2 billion revenue which yearly enters Nigeria earns from activities at Africa’s largest Information and Communications Technology (ICT) centre, Computer Village, Lagos, is currently under threat from counterfeiters. Counterfeiting has increased by almost 50 per cent within three years of a major raid by the Standards Organisation of Nigeria (SON) on the market, located […]
Last month, Salesforce.com made it onto the list of the top 10 enterprise software vendors for the first time. The arrival of a software-as-a-service provider among the elite says a lot about the growing importance of the cloud in business applications. The cloud may be on the rise, but Salesforce.com’s $3.8bn 2013 revenues are dwarfed […]
Like any year before, 2017 will bring its own problems and solutions, shaping up both the way we use and think about technology. So without further ado, take a dive into the future and check out some of the most exciting tech trends to look forward to in 2017. Virtual Reality With forecasts predicting its […]
Let’s face it; most people prefer predictability and stability in both their personal and professional lives. So, people typically avoid situations that upset the order of things, threaten their self-interests, increase stress, or involve risks. When faced with a change to the status quo, people usually resist initially. The resistance continues and, in some cases […]
When electricity was first popularized at the beginning of the 20th century, there was a huge wave of factories that replaced their steam engines with electrical engines in an effort to increase productivity and modernize operations. However, the initial productivity gains from the electrification were barely noticeable – a phenomenon known in the economics literature as the […]
The size and rapid growth of shadow banking has been one of the most talked-about issues since the 2007 – 2008 global financial crisis. According to the Financial Stability Board, the shadow banking sector grew from $27 trillion in 2002 to about $75 trillion in 2015. The FSB said the sector – which encompasses all […]