We retain a positive, yet modest, outlook for the Botswana and Namibia mobile markets in thelatest 2017 annual update. Over the next five years to 2021, we note that the markets will witness onlyincremental organic growth prospects due to the smaller size of the respective consumer bases.
Furthermore, the high penetration rates existing will continue to dampen organic growth in terms of newsubscribers. A number of developments, including 3G/4G upselling, hold significant potential as carrierefforts to increase data services will bode well for the market dynamics. Botswana has better prospectscompared to Namibia as the 3G/4G growth potential in the country remains much stronger as highcompetition and the presence of international operators result in higher degrees of innovation andtechnological uptake.
Latest Updates And Industry Developments
Our latest Namibia forecast envisions a total of 2.875mn mobile subscribers by end of 2021, with 3G/4Gsubscribers numbering over 2.60mn at the time. Growth in terms of subscribers will be muted but higherin terms of technological uptake.