Home to more than one billion people, half of whom will be under 25 years old by 2050, sub- Saharan Africa offers an extremely varied and complex political and social landscape. According to the UN, more than half of global population growth between now and 2050 will happen across the continent.
In economic terms, post Covid-19 recovery will vary greatly between different nations. While the region's economic recovery could be faster than expected, the estimated contraction of -1.9 per cent is the most severe recession endured by the region for more than a quarter of a century. While global growth is set to reach six per cent in 2021, Africa’s recovery will stand at around 3.4 per cent, putting it at the bottom of the world’s regions in terms of economic expansion this year. In comparison, the US, UK and emerging and developing Asia will grow at 7 per cent, 7 per cent, and 7.5 per cent respectively.
However, Africa offers a hugely diverse economic outlook. Botswana, for example, has been one of the fastest growing economies in the world. On the other side of the spectrum, Burundi, which has a population of 11 million people, the annual income per capita stands at just US$285. Meanwhile 20 countries are still affected by conflict. According to the Council on Foreign Relations more Africans live under fully or partially authoritarian states today than at most points in the last two decades and leaders have used Covid-19 to tighten their control over the civilian population further.
An equally diverse picture is emerging for gambling industry regulation, which has seen successes as well as failure. Given the turbulent nature of politics and conflict it is no surprise that in a number of jurisdictions there are still no real gambling laws in place. In other more stable regions such as Ghana, sports gambling laws are currently being updated. In Uganda, we are seeing a push back against sports betting while other governments are actively looking to regulate the industry.
A diverse picture is emerging for gambling industry regulation that has seen successes as well as failure.
Given the turbulent nature of politics and conflict it is no surprise that in a number of jurisdictions there are still no real gambling laws in place. In other, more stable, regions such as Ghana, sports gambling laws are
currently being updated. In others, such as Uganda, we are seeing a push back against sports betting.
Gambling policy has understandably taken a back seat during the crisis. But even before the pandemic, governments were overwhelmed with more pressing matters had been scrabbling to try to keep up with changes in the market. So what have been the most significant regulatory changes not only in key already established markets, but some of the emerging markets in the region and what is the outlook long-term?
NEWSWIRE / INTERACTIVE / MARKET DATA P77
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