Covid-19 cuts Gabon’s telecoms turnover by 3.2%
The Covid-19 pandemic considerably affected the Gabon telecommunications sector in 2020, pushing down its turnover to FCFA216.1 billion (nearly $400 million), a decrease of 3.2¨%, recent reports from the capital Libreville said, citing figures released in April by the ministry of economy.
Ccommunications prices cuts by operators as a way to help locked-down populations to cope with the side-effects of the pandemic has been cited as one of the causes of the decrease.
Business activities came to a standstill when Gabon went on total lockdown on 9 April 2020, forcing an already fragile economy to feel the heat of the pandemic and worsening poverty in this oil-rich Central African nation.
However, the decrease in the 2020 turnover did not stop the number of mobile subscribers from growing; a trend industry watchers believe augurs well for the future of the sector.
The subscribers’ mobile base increased by 2% in 2020 to 3.07 million people, while the number of landline subscribers grew by 16.1%, figures from the ministry of economy show.