03.08.07

Seychelles to reach 100% barrier of penetration rate

Posted in Business and Economy at 3:46 pm by Robert Klien

June to September 2006, there was no change to the top 10 most penetrated markets in the Middle East & Africa.

The UAE are staying at the top of the table, continuing to lead from Bahrain, Israel and Kuwait.

At the end of Q3 2006, the Seychelles registered penetration rates for 99%. So, it has not overcome the 100% barrier, however, the result is very good as only the top 4 Middle East & Africa markets had exceed 100% penetration by the end of Q3 2006. Most of the countries in the Middle East & Africa region still had penetration rates of less than 25%.

It is expected that results for December 2006 will reveal that the Seychelles have overcome the 100% barrier.

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