Mastercard Drives Africa's Gaming Industry Forward With Its Inaugural Esports Summit in Casablanca [Yahoo! Finance]
Mastercard Incorporated (MA)
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Source: Yahoo! Finance
CASABLANCA, Morocco, November 12, 2024 BUSINESS WIRE )--Mastercard has solidified its position as a leader in Africa's rapidly growing gaming industry by hosting the company's first-ever Africa Esports Summit in Casablanca. The event was a pivotal step in Mastercard's broader mission to empower Africa's esports and gaming ecosystem, emphasizing its strategic commitment to supporting digital economies and fostering the continent's gaming landscape. With a young and rapidly growing population, Africa represents one of the world's most significant gaming markets. More than of Africa's population is under 25, a demographic primed for digital engagement. The continent's fast-growing gaming culture is thriving, with nearly 200 million gamers, of whom 95% play on mobile . In 2022 alone, in-app purchases in Sub-Saharan Africa reached $778.6 million , and projections estimate Africa's gaming industry will generate over USD 1 billion in consumer revenue by 2024. Mastercard's Africa Esports S
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