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The main challenge facing telecom operators in Africa is competition and regulatory stability, according to Mr. Abdellatif Bouziani, CEO of telecom provider Smart East Africa Group serving Tanzania, Uganda and Burundi. Speaking to Telecom Review, Mr. Bouziani said governments in Africa have sold too many operating licenses which have forced prices down, but operating costs remain the same.

Read more: Africa needs regulatory stability for operators to grow

Etisalat Egypt has a positive outlook despite fallout from liberalization of the Egyptian pound in 2016 - a move that saw its value reduced by almost 50 percent against the US dollar. Speaking to Telecom Review, Khaled Hegazy, Etisalat Egypt's Chief Corporate Affairs Officer, said the company's positive outlook is based on the size of the Egyptian market and the aspirations of youth.

Read more: Etisalat Egypt confident despite fallout from currency liberalization