Why Africa is Next Popular Among Gaming Companies?

Ocean Gaming Consult26 Aug, 2022Other

Gaming activities are always a hot topic in Africa as it is the next biggest market for online gaming companies. Ugandans spend millions of dollars every year in gambling activities alone, last year this figure was around $44m. Its growth is projected to grow at a CAGR of 6.99% by 2030. Because of this opportunity and growth, the government of Africa has also created a new taxation structure for the gaming sector. Even in the Covid situation, the growth of this industry has increased tremendously. Some gaming companies have also taken advantage of this opportunity and have sharply increased their profits. It is advisable that if you are planning to invest in this industry or you are starting your own then you should know the gaming law and regulations first. Also, you can consult with a gaming consultant that can make your work hassle-free.