Africa is now home to 37.7 million users according to Facebook’s recent Initial Public Offering filing.
At 37.7 million, Facebook has massive opportunities for expansion on the continent as this represents a 3.6% penetration rate.
The continent offers strong growth rates for the social network and has grown by about 165% since July 2010 according to ICT Works.
Most of this growth has come from Nigeria according to a report put together by Online Africa.
Check out the growth rates below:
Facebook user growth in selected countries:
Ghana: 85 percent increase to 1,146,560 users
Kenya: 50 percent increase to 1,298,560 users
South Africa: 51 percent increase to 4,822,820 users
Nigeria: 154 percent increase to 4,369,740 users
Egypt: 130 percent increase to 9,391,580 users
What do you think about Facebook’s current momentum on the continent?