Digital fuels growth in Africa’s entertainment and media industry: PwC report

CEOs in Africa are optimistic about their company’s prospects for revenue growth over the medium term, according to PwC’s ‘Africa Business Agenda, 2014’ report issued today (http://www.pwc.com). Suresh Kana, Senior Partner for PwC Africa, says: “CEOs in Africa feel more positive about their ability to generate revenue growth and about prospects for the economy now that they are emerging from the global financial recession.”

“It is interesting to note however that CEOs are slightly more...

-PwC’s ‘Africa oil & gas review’ analyses what has happened in the last 12 months in the oil & gas industry within the major African markets

The challenges facing oil & gas companies operating in Africa continue to be diverse and numerous fuelled by fraud, corruption, theft, poor infrastructure and a lack of skilled resources, among others. Regulatory uncertainty and delays in passing laws are severely inhibiting sector development in many countries around the continent. “Some key players...

-Prefer to trade with other emerging economies

-SMEs expect to generate up to 50% of revenues internationally by 2019

According to an in-depth study conducted by the Economist Intelligence Unit (EIU) on behalf of DHL Express (http://www.dpdhl.com), approximately 40% of global SMEs (small and medium-sized enterprises) do not perceive Africa as a growth opportunity, despite the positive economic growth stories and growing middle class in the regions.

The report further reveals that while many...

Radio dominates the advertising sector in Tanzania, contributing just over 50% of revenues, with TV accounting for about 30%

Increased Internet access will generate more consumer spend than any other media product or service in the next five years in the South African entertainment and media industry, according to a report issued by PwC today (http://www.pwc.com). South Africa’s entertainment and media market is expected to grow by 10.2% compounded annually (CAGR) from 2014 – 2018 to a...

Government, private sector, mobile operators and development organizations convene to establish a plan for the future

Malawi took a significant step towards creating a digital payment ecosystem in order to address poverty and drive inclusive growth. An event organized by the Government of Malawi with the United Nations Capital Development Fund’s (UNCDF) Better Than Cash Alliance (http://www.betterthancash.org) and Mobile Money for the Poor initiatives brought together digital payments...