• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, July 1, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Industries That Look Set to Grow Across Africa – Expert

by Our Correspondent
3 years ago
in News
Africa
Share on WhatsAppShare on FacebookShare on XTelegram

Many of Africa’s economies are among the fastest-growing in the world. In 2021, Libya was the nation that saw its GDP expand quicker than any other, while Rwanda and Botswana aren’t too far behind. Of course, more advanced African economies, like right here in Nigeria, can’t grow at the same rapid pace as they’re already further along the development path. But they too are expanding and evolving to help improve the wealth and prosperity of more of their population. One key to unlocking growth in African economies is to embrace new industries as these bring many benefits and open up more potential for businesses, investors, and workers. Another approach involves looking at existing industries in new ways and finding innovative ways to create new products and services.

Gaming

Advertisement

The gaming industry is by no means alien to Africa. PC and console games have been on sale on the continent for decades with millions of Nigerians, Egyptians, South Africans, and Ghanaians all enjoying them. Unfortunately, though, these African gamers haven’t been able to enjoy the same content and experiences as their counterparts in Europe, Asia, or North America. Both hardware and software usually makes it onto shelves later in Africa than elsewhere while, so far, there have been few major eSports tournaments taking place on the continent. That has all begun to change though. Mobile gaming, in particular, has helped to spark a new wave of interest in the medium as more Africans have connected to the internet through smartphones rather than computers.

On top of that, many creative Africans have taken matters into their own hands by developing games aimed specifically at their local market. In Kenya, Momentum Core is a developer that has created fun titles focused on educating people about social issues, like the risk of mosquitos.

There is even more scope for expansion too. If we look to the UK market, iGaming has been incredibly successful. Companies in this area have created modern takes on traditional casino games, allowing their customers to find multiple variants of blackjack online, such as Premium Blacjack which uses four decks and adds the option to double-down on a two-card hand. This has proven to be a popular model and iGaming companies in the UK now generate billions of pounds in revenue each year as a result.

Expanding the iGaming offering in African countries could give a real boost to the gaming industry.

RELATED

Reform Or Retreat: A Moment For Northern States

Reform Or Retreat: A Moment For Northern States

6 minutes ago
Political Analysts To PDP Leaders: Fix Now Or Allow Crisis Sink Your Party Before 2027

Political Analysts To PDP Leaders: Fix Now Or Allow Crisis Sink Your Party Before 2027

12 minutes ago

Fintech

Financial technology, or fintech, companies are those that seek to disrupt traditional financial markets by harnessing new technologies to improve accessibility, reduce costs, and help people to manage their money better. In Europe, fintech has yielded a range of new product ideas, including mobile-only banks, peer-to-peer lending, and apps that help you to save automatically using AI to calculate what you can afford to put away.

Africa has already begun to lead the world in some areas of mobile banking. In doing so, Nigeria, Kenya, and other African nations have been able to boost access to financial service by reaching out to people that had previously never even had a bank account. Being ‘unbanked’ can limit your life chances as salaries for some jobs can’t be paid without an account and entrepreneurs can’t do business with people outside of their immediate area. Fintech is an industry that can grow in itself. Since Kenya launched phone-based banking in the early 2000s, it has overtaken most other forms of payment with 72% of the population using the system. But fintech can also help other industries to thrive, particularly those dominated by small businesses.

Africa

Telecoms

Connected to these two industries is the telecommunications sector which will be a key player in the growth of gaming and fintech, but it will also benefit from their rise. As more Africans look to take up gaming or purchase a phone so they can open a bank account, they’ll also need to pay for an internet connection.

 

In the most developed African nations, internet penetration has grown rapidly, with Kenya, Libya, and Nigeria reaching 85.2%, 84.2%, and 73% respectively. It is not a coincidence that these are either some of the biggest or fastest growing African economies, as the two are intrinsically linked.

 

Additionally, Nigeria has a fixed-line broadband penetration of 40.01%, an impressive feat when you consider only around 25% of Africa’s internet traffic comes from PC devices, on average.

 

So as economies grow, telecommunications businesses will benefit from new customers, and as they increase their customer bases, they’ll also help to grow the economy.

 

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


SendShareTweetShare
Previous Post

‘Don’t Vote Politicians Buying Nomination Forms With Humongous Sums Of Money’

Next Post

Insecurity: Zulum Graces Seminar On Using ‘Fatawa’ For Peace

Our Correspondent

Our Correspondent

You May Like

Reform Or Retreat: A Moment For Northern States
Backpage

Reform Or Retreat: A Moment For Northern States

2025/07/01
Political Analysts To PDP Leaders: Fix Now Or Allow Crisis Sink Your Party Before 2027
Cover Stories

Political Analysts To PDP Leaders: Fix Now Or Allow Crisis Sink Your Party Before 2027

2025/07/01
KACCIMA: Dantata Inaugurates Interim Management Committee
News

Badaru Leads FG’s Delegation To S’Arabia As Dantata’s Burial Holds Today

2025/07/01
NCAA Grounds Rano Air After Engine Failure
Cover Stories

NCAA Grounds Rano Air After Engine Failure

2025/07/01
When 2015 Returns In 2023
Cover Stories

2027: Coalition Woos Ex-President Jonathan

2025/07/01
Nigeria Is In Our DNA, Says Lucian PM
News

Nigeria Is In Our DNA, Says Lucian PM

2025/06/30
Leadership Conference advertisement

LATEST

Reform Or Retreat: A Moment For Northern States

Political Analysts To PDP Leaders: Fix Now Or Allow Crisis Sink Your Party Before 2027

Badaru Leads FG’s Delegation To S’Arabia As Dantata’s Burial Holds Today

NCAA Grounds Rano Air After Engine Failure

2027: Coalition Woos Ex-President Jonathan

Nigeria Is In Our DNA, Says Lucian PM

Speed Darlington Threatens NAPTIP With N2.5bn Lawsuit For Declaring Him Wanted

Pastor, Woman Stripped Naked Over Alleged Infidelity In Edo

Ex-Lawmaker Mashood Mustapha Arraigned For Alleged Defamation Of Kwara Gov

Gwarzo Hails North’s First Clinical Pharmacy Prof, Hadiza Ma’aji, On Professorial Elevation

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.