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51% of World’s Population Connected to Internet

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Broadband Penetration - Investors King
  • 51% of World’s Population Connected to Internet

ABOUT 51.2 per cent of the global population, or 3.9 billion people, will, at the end of the year, be using the internet, International Telecommunication Union (ITU) has said.

The ITU is the United Nations’ (UN’s) specialised agency for information communication technologies (ICT). Of all ITU regions, the strongest growth was reported in Africa, where the percentage of people using the internet increased from 2.1 per cent in 2005 to 24.4 per cent in 2018.

According to the estimates, the regions with the lowest growth rates were Europe, with 79.6 per cent, and the Americas, with 69.6 per cent of the population using the Internet. In the Commonwealth of Independent States (CIS) region, 71.3 per cent will be using the internet, 54.7 per cent in the Arab states and 47 per cent in the Asia-Pacific region.

ITU’s Secretary-General, Houlin Zhao, said the agency’s global and regional estimates for 2018 are a pointer to the great strides the world is making towards building a more inclusive global information society.

“By the end of 2018, we will surpass the 50/50 milestone for internet use. This represents an important step towards a more inclusive global information society. However, far too many people around the world are still waiting to reap the benefits of the digital economy. We must encourage more investment from the public and private sectors and create a good environment to attract investments, and support technology and business innovation so that the digital revolution leaves no one offline,” he said.

The new estimates show that there continues to be a general upward trend in the access to and the use of ICT, according to the Director of the ITU Telecommunication Development Bureau, Brahima Sanou.

Access to telecoms networks, he said, has continued to increase, particularly in mobile connections. “However, affordability should continue to be at the top of our priorities for the digital economy to become a reality for all,” he said.

According to ITU, in developed countries, slow and steady growth has increased the percentage of population using the Internet from 51.3 per cent in 2005 to 80.9 per cent in 2018. In developing countries, growth has been much more sustained, increasing from 7.7 per cent in 2005 to 45.3 per cent at the end of this year.

Mobile access to basic telecoms services is becoming ever more predominant. While fixed-telephone subscriptions continue to decline with a penetration rate of 12.4 per cent this year, the number of mobile-cellular telephone subscriptions is greater than the global population. Growth in mobile cellular subscriptions in the last five years was driven by countries in Asia-Pacific and Africa regions. But the same growth was minor in the Americas and the CIS region while a decline was observed in Europe and the Arab states.

Broadband access has continued to demonstrate sustained growth, while fixed-broadband subscriptions are increasing. Also continuing the trend reported in 2017, there were more fixed-broadband connections, with 1.1 billion in 2018 than fixed-telephone than the 942 million recorded last year.

The growth in active mobile-broadband subscriptions has been much stronger, with penetration rates increasing from 4.0 subscriptions per 100 inhabitants in 2007 to 69.3 in 2018. The number of active mobile-broadband subscriptions have increased from 268 million in 2007 to 5.3 billion this year.

Developing countries are registering much faster growth in mobile broadband subscriptions compared to developed countries. In developing countries, penetration rates have reached 61 per 100 inhabitants in 2018, with much more scope for further growth in the coming years. In LDCs, penetration rates went up from virtually zero in 2007 to 28.4 subscriptions per 100 in 2018. The strongest growth in mobile broadband subscriptions has been observed in Asia-Pacific, the Arab states and Africa.

Nearly the entire world population, or 96 per cent, now lives within the reach of a mobile cellular network. Furthermore, 90 per cent of the global population can access the internet through a 3G or higher speed network.

ITU estimated that, globally this year, almost half of all households had at least, one computer up from just above a quarter in 2005. In developed countries, 83.2 per cent of households possess a computer this year, compared with 36.3 per cent in developing countries. LDCs showed the strongest growth during the period 2005-2018. This year, less than 10 per cent of households in LDCs has a computer. The strongest growth rates were observed in the Arab states and the CIS region. In Africa, the proportion of households with access to a computer increased from 3.6 per cent in 2005 to 9.2 per cent this year.

Internet access at home is gaining traction. ITU estimated that almost 60 per cent of household has internet access at home in 2018, up from less than 20 per cent in 2005. In developing countries, almost half of all households has internet access at home, a considerable increase compared with 8.4 per cent in 2005. Regional developments broadly follow the trends observed for households with computers.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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Twitter Chief Executive Officer Jack Dorsey Steps Down, Agrawal Takes Over

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Twitter CEO, Jack Dorsey has stepped down as the Chief Executive Officer (CEO) of the leading Microblogging website, the company announced in a statement published on Monday.

According to the statement, the Board of Directors of the company has appointed Parag Agrawal as the new Chief Executive Director of the company, effective immediately. However, the outgoing CEO will remain a member of the Board until the end of his term in 2022.

The Board of Directors appointed Bret Taylor to succeed Patrick Pichette as the new Chairman of the Board, while Pichette will continue to serve as chair of the Audit Committee.

The released statement noted that Agrawal, the new CEO has been with the company for more than a decade and served as Chief Technology Officer in the last four years.

“I’ve decided to leave Twitter because I believe the company is ready to move on from its founders. My trust in Parag as Twitter’s CEO is deep. His work over the past 10 years has been transformational. I’m deeply grateful for his skill, heart, and soul. It’s his time to lead,” said Dorsey.

Commenting on Twitter’s new management, Bret Taylor, Twitter’s incoming Independent Board Chair said, “On behalf of the Board, I want to thank Jack for his visionary leadership and unrelenting dedication to Twitter since its founding. Jack returned to Twitter and turned the Company around at the most critical time. The progress since then has been nothing short of incredible. Jack has given the world something invaluable and we will continue to carry it forward.”

Taylor noted, “Parag understands Twitter and appreciates the Company’s unique potential. He has been instrumental in tackling our most important priorities, including accelerating our development velocity, and I know he’ll hit the ground running to strengthen execution and deliver results. The Board has the utmost confidence in Parag.”

“I want to thank the Board for their confidence in my leadership and Jack for his continued mentorship, support, and partnership,” said Agrawal.

“I look forward to building on everything we have accomplished under Jack’s leadership and I am incredibly energized by the opportunities ahead. By continuing to improve our execution, we will deliver tremendous value for our customers and shareholders as we reshape the future of public conversation.”

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E-commerce

Jumia Grabs Opportunity for Black Friday Deals

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Black friday

Black Friday is a concept that originated in the United States, but the yearly retail fever has had a popularity boom across Africa in recent years, with customers moving to take advantage of the best deals that retailers have available.

Jumia, which is a marketplace with its focus placed on Africa quickly grabbed this opportunity when it first introduced the Black Friday event about nine years ago across its markets in Africa, focusing mainly on Egypt and Cairo which are the company’s top two cities when considering volume of orders.

Since its inception, the company has witnessed staggering levels of success with the event, and company data reveals that the love which consumers have for Black Friday has been increasing across the continent every year.

During the 2020 Black Friday event, the top sellers on the Jumia platform saw a 141% year-on-year increase in the amount of items sold, with one out of three clicks on average being a new customer. The company also said that it witnessed an increase in brand appetite across every one of Jumia’s 10 markets during last year’s sale, which lasted every Friday in November.

The trend is expected to continue this year’s version of Jumia’s Black Friday, as it is running from November 5 until November 30.

The company which is based in Nigeria has entered into partnerships with major brands like Adidas, HP, Unilever and Diageo, as well as with thousands of sellers in order to provide consumers the best deals on a very wide range of products.

The CEO of Jumia Nigeria, Massimiliano Spalazzi told Lagos-based Vanguard that the Black Friday programme has been a success every year, and is the biggest sale of the year.

He also stated that the 2021 Black Friday campaign will place focus on strengthening the company’s position as a brand within the African market, and providing support to the sellers.

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Fintech

NQR Payment Solution Excites Nigerians: Everyone Can Now Pay Sharp Sharp

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Since the NQR payment solution was introduced to the Nigerian market in March of this year, it has reached millions of Nigerians across major markets in different states.  Lagos, Ibadan, Abuja, Kano, Uyo, and Portharcourt are just a few of the states that have witnessed the fast seamless, and reliable NQR payment solution.

Business owners and customers across Nigeria have embraced NQR en masse as a result of the market penetration drive, citing the convenience, speed, and reliability of the payment option.

The NQR Payment Solution is a secure QR-code-based payments and collections platform that allows customers and business owners to accept and make payments for goods and services. The payment system will bring together all of the country’s closed QR code schemes for a more consistent user experience and faster digital adoption.

The campaign was led by several popular celebrities who thrilled the market crowds and showcased how the NQR works. Mercy Johnson, Mercy Aigbe, Odunlade Adekola, Real Warri Pikin, Saddiq Sani Saddiq, Bisola Aiyeola, and Nedu were a few of the ambassadors for NQR.  They encouraged business owners to sign up for NQR, and encouraged customers to make payments with NQR.

The NQR payment solution team recently toured Southern Nigeria, with comedians Edo Pikin and Real Warri Pikin leading the train to sensitize the people about how the NQR merchant app works and how customers can #PaySharpSharp with live demonstrations.

NQR agents also went through the markets educating both business owners and customers about NQR’s benefits. Representatives from several commercial banks were also on ground to address business owners’ concerns. Everyone learned about the NQR payment system and had the opportunity to test it out as well as express their satisfaction with it.

NQR is now available in a store near you.

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