By Amos Udom
Business Development Anchor
PwC Pulls Out of Nine African Nations to Prioritize High-Growth Markets
PwC has made a strategic decision to exit operations in nine African countries as part of a broader plan to refocus its business on regions with more robust growth potential. This move is aimed at streamlining the company’s resources and expanding its presence in high-growth markets, particularly in sub-Saharan Africa, where demand for its services is expected to rise.
The consulting giant has increasingly sought to realign its operations globally to optimize profitability, focusing on markets that offer the most opportunities in sectors like technology, financial services, energy, and infrastructure. This strategic shift reflects PwC’s effort to strengthen its position in economically dynamic regions while stepping back from smaller, less economically viable markets.
The countries affected by PwC’s withdrawal include:
-
Chad
-
Gabon
-
Lesotho
-
Mali
-
Mauritania
-
Sierra Leone
-
Swaziland (now Eswatini)
-
Togo
-
Zimbabwe
These countries have seen a decrease in PwC’s business activity due to various challenges, including limited market opportunities, political instability, and slower economic growth. While PwC continues to maintain a strong presence in larger African economies like South Africa, Nigeria, and Kenya, the company has chosen to concentrate its efforts in regions where it can capitalize on emerging sectors and drive innovation.
This shift in strategy is in line with PwC’s ongoing efforts to maximize the value of its services and align its resources with regions that show promise for sustained growth. As part of this realignment, the company plans to bolster its investments in technology and digital services, areas that are expected to see significant growth in Africa over the coming years.
Despite this exit, PwC remains committed to the broader African market and continues to serve clients in key strategic regions. The company’s long-term vision for Africa remains intact, with an emphasis on high-potential economies that are driving transformation across sectors.
