Africa Gaming Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Africa Gaming Market is expected to register a CAGR of 12.65% during the forecast period. The rise of mobile gaming in Africa is aided by the rising internet connectivity, increasing adoption of smartphones, and the advent of high bandwidth network connectivity, such as 5G, which have further increased the demand of the gaming market across the region.
Key HighlightsThe African gaming market is highly fragmented as the demand for online games and increasing penetration of mobile applications is growing across the region. It will attract new players to this market over the next few years. Some of the leading participants in the market are Kucheza, Kagiso Interactive, Nyamakop, Celestial Games, and Kuluya. Key developments in the region are as follows:
In February 2022, Union Bank, through its education platform Edu360, partnered with the foremost gaming company Kucheza, to organize an edition of the Mobo Game Jam, an annual game development competition designed to encourage inclusivity, sustainability, and humanity among young innovators from Nigeria and the UK between the ages 8 -18 years. The goal of the competition is to promote gaming as a tool to harness the power of creativity and imagination of young people while bridging the digital skills gap within the educational system.
In January 2022, South African mobile gaming startup Carry1st raised a USD 20 million Series A extension round from investors, including Andreessen Horowitz, Avenir, and Google, to help it scale all across Africa.
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