KEY POINTS
  • The sub-Saharan African gaming industry is expected to generate over $1 billion for the first time in 2024, according to data from research firm Newzoo that was shared exclusively with CNBC.
  • In 2022, games sold in the region generated $862.8 million in revenue, up 8.7% year over year, according to Newzoo's data.
  • That's in defiance of a broader contraction, with the global games market declining 4.3% in 2022 to $182.9 billion.
Africa's video game market has been doing well. In 2022, games sold in the region generated $862.8 million in revenue, up 8.7% year over year, according to Newzoo's data.

Africa's video game market is having a moment.

Sub-Saharan Africa's gaming industry is expected to generate over $1 billion for the first time in 2024, according to data shared exclusively with CNBC.