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Q3 2024 Tech Report Unveils Surprising Industry Trends

Caleb Sama by Caleb Sama
June 28, 2024
in News
Reading Time: 3 mins read
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Q3 2024 Tech Report

In a world where connectivity is king, Kenya still continues its reign as an African tech powerhouse. The latest sector statistics report by Communications Authority of Kenya for Q3 2024 financial year reveals a nation where a digital revolution is quietly unfolding, with some surprising twists and turns along the way. Here’s a summary of the detailed report:

Smartphone Surge and Feature Phone Farewell

Kenyans are embracing the smartphone era with open arms. An incredible 34.5 million smartphones now light up the country’s digital space, marking a 2.6% increase from the previous quarter. Meanwhile, the reliable feature phones are slowly but surely heading for retirement, with numbers dipping by 2% to 31.2 million devices. It seems the allure of apps, mobile internet, and touchscreens is proving irresistible to Kenyan consumers.

Mobile Money Craze: M-Pesa and Airtel Money Join Forces

M-Pesa and Airtel Money have torn down the walls between their networks. Gone are the days of withdrawal codes and complicated transfers; now, money zips directly between accounts like never before. This seamless integration helped boost mobile money subscriptions to 38.7 million, with 75% of Kenyans now wholly adopting the cashless lifestyle.

Starlink Shoots for the Stars

While earthbound internet providers continue to expand, a new player is quite literally aiming higher. Elon Musk’s Starlink has made its grand entrance into the Kenyan market, bringing its promise of high-speed, low-latency satellite internet to even the most remote corners of the country. The impact was immediate, with utilized satellite capacity skyrocketing by a staggering 10,714% compared to the previous quarter. The only catch is the expensive installation costs.

Texting Takes a Tumble

Unsurprisingly, Kenyans seem to be falling out of love with good old-fashioned SMS. Both on-net and off-net text messages saw a decline, dropping by 4.7% and 5.3%, respectively. Are emojis and instant messaging apps stealing the spotlight? Or perhaps Kenyans are simply too busy talking. After all, voice calls saw a healthy uptick across the board.

Cyber Threats On The Rise

As Kenya’s online presence grows, so too does the attention of cybercriminals. The National KE-CIRT/CC reported 971 million cyber threats detected in Q3 alone. While overall threats decreased by 24.8% compared to Q2, certain categories saw alarming spikes. Mobile application attacks surged by 224.9%, while malware and brute force attacks more than doubled.

Local Domain Name Growth

Kenyans are claiming their corner of the internet, with over 108,000 .ke domain names registered. The .co.ke subdomain has stood out as the clear favorite, accounting for nearly 85% of all registrations. It seems everyone wants a piece of local digital real estate before all the best domains are bought up.

Broadcasting Dominance

Despite the rise of streaming services, traditional TV isn’t going anywhere. Subscription TV services saw a slight increase, proving that sometimes you just can’t beat gathering around the TV for the big game or the latest news. Of course, internet connectivity plays a big part in the uptake of streaming services; therefore, it might be a while before streaming services can overtake cable TV.

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Caleb Sama

Caleb Sama

Friendly neighborhood films, games, and tech reviewer. Expect dad jokes - lots of dad jokes.

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