Nigeria, nine others control 74% of Africa’s $1b domain name industry

The Internet Corporation for Assigned Names and Numbers (ICANN) said the yearly Domain Name System (DNS) industry roughly equates to $17.5 million in value for African country code top-level domains (ccTLD) domain names alone based on local rates.

Based on international rates, the industry size is about $101 million but adding in $16 million for top-level domain (TLDs) held by Africans gives a total of some $137 million.

ICANN, however, noted that applying a typical multiplier factor means that the African DNS industry is worth about $1 billion, where about 74 per cent of the total yearly revenue on the continent is made by the top 10 countries, which are South Africa, Nigeria, Morocco, Kenya, Angola, Tunisia, Somalia, Mauritius, and Egypt.

Read more at Guardian

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