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How Global Connections Are Progressing Rwanda’s Gaming Industry

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Not only in Africa, but across the world, gaming revenues are on the rise. From 2020 to 2025, Mordor Intelligence states that the continent’s game-related sector will enjoy a compound annual growth rate of 12%. As such, this progression will likely provide the catalyst for the emergence of further video game developers.

Of those countries that will benefit, Rwanda is laying the foundations for a fruitful gaming future. In years gone by, the gross gaming revenue of around £7.6 million was put back into the economy due to the costs of various start-up operations. However, as time has progressed and profits have enhanced, Rwanda can now establish itself as a gaming hub in Africa. Interestingly, however, the land-locked country isn’t developing on its own. So, let’s consider how partnerships are proving advantageous to Rwanda’s gaming sector.

DopeApps’ Partnership with Suponic Global

In September 2020, Rwanda showcased its intent to further its local gaming industry through establishing global partnerships. In particular, DopeApps, a local start-up, formed a relationship with Suponic Global. According to the American company’s website, they’re striving to create a profitable eSports industry that connects gamers from all across the globe through blockchain technology. At face value, this could prove to be a significant move regarding Rwanda’s gaming future.

Having partnered with DopeApps, a Rwanda-based gaming company, the pair will seek to develop Suponic Global’s cryptocurrency, Suponic Game Credit. As per All Africa, this concept is currently in operation across more than 300 different titles. Should it be implemented in the African country, it will ensure that in-game assets can’t only be bought, sold and traded, but owned by the player.

Interestingly, this isn’t the first time that DopeApps have secured an overseas partnership. Previously, they linked-up with Goethe Institut, a cultural organisation in Germany, to create and mobile and web-based game, ILAGIK. Over the last few years, forming relationships to boost the continent’s gaming scene has become increasingly common. For example, back in 2017, BongoHive partnered with Liquid Telecom as part of an initiative to provide faster internet speeds and better cloud services.

An On-the-Rise eSports Sector

Aside from the ever-growing number of partnerships occurring within Rwanda, a local eSports-orientated approach also looks set to enhance the industry’s growth. Although Suponic Global will help competitive gaming progression, The New Times indicates that Africa will hold its first eSports tournament in February 2021. It speaks volumes about Rwanda’s gaming growth that the Rwanda Esports Organisation and Enter Africa Rwanda will manage the event.

Fascinatingly, the competition won’t just provide a welcome boost to Rwanda’s game-related sector, but it will also help put Africa on the map. Along with featuring Rwandan players, the tournament – which will consist of Call of Duty: Mobile, FIFA 21, PlayerUnknown’s Battlegrounds Mobile, and Pro Evolution Soccer 2021 Mobile – will also welcome other players from across Africa.

The event will occur virtually, and it’s expected that Algeria, Ghana, Nigeria, South Africa, and many more countries will have representatives competing. South Africa’s proposed inclusion shouldn’t come as a surprise, as they’ve long been a central player in expanding the continent’s gaming industry. As per a report from IOL, the fact that the country’s gaming sector is forecast to grow by 18% between 2020 and 2022 reflects this.

Aside from playing a leading role in heightening interest in mainstream console games, South Africa is also at the forefront of operations regarding Africa’s online casino industry. Interestingly, the most popular online games in South Africa are available at many of the bonus-offering websites listed at Casinos.co.za. Through platforms like Punt Casino and Yeti Casino, players can browse through a wide-ranging library of digital titles, ranging from blackjack to roulette, slots, video poker, and much more.

Progression Appears Likely

Following the local and overseas connections that Rwanda have formed over the last few years, the foundations are now in place to take the country’s gaming sector to the next level. Ultimately, placing eSports-driven strategies at the forefront of their plans will boost Africa’s global reputation within the industry. Also, it will showcase the continent’s talented players. Because of that, the future undoubtedly looks bright for Rwanda from a gaming standpoint.

 

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Mozambique Scandal: Credit Suisse & U.S. Conclude Deal

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Credit Suisse Group AG is nearing an agreement with the U.S. government that would resolve a criminal probe regarding its role in a U$2 billion Mozambique bond scandal, according to people familiar with the matter.

The discussions with the U.S. Justice Department involve a deferred prosecution agreement that would include a fine, according to the people, who asked not to be identified because the talks are confidential. An agreement is expected to be announced Tuesday.

Any deal with U.S. prosecutors would be the latest action in a multi-year, international legal saga arising out of the 2013-14 deals that were supposed to fund a new coastal patrol force and tuna fishing fleet in Mozambique, one of the world’s poorest countries.

In a 2018 indictment, the U.S. Justice Department alleged the contracts were a front for government officials and bankers to enrich themselves.

Three former Credit Suisse bankers have pleaded guilty to U.S. charges stemming from the scheme.

Credit Suisse declined to comment on any agreement, as did the U.S. Justice Department.

A deal could help put to bed one scandal, even as the bank has been punished this year by investors for its stumbles with Archegos Capital Management and Greensill Capital, which have spurred broad management shakeups.

Mozambique has filed suit against Credit Suisse and shipbuilder Privinvest, one of several cases in U.K. courts that involve the bond deal.

Unlawful Conduct’

In defending its London lawsuit, Credit Suisse has insisted that it was deceived by rogue bankers and couldn’t be held responsible for their “unlawful conduct” when it arranged the loans in early 2013.

The Swiss bank has said it carried out its usual due diligence before the transactions and was aware of the risk of bribery and corruption.

Andrew Pearse, who led the global financing group in the bank’s London office, testified at a federal trial in Brooklyn, New York that he’d pocketed at least U$45 million in illicit payments for his role in the arrangement of the loans.

The Credit Suisse loans were for three separate maritime projects including a tuna fishing fleet, the building of a shipyard and surveillance operation to protect Mozambique’s coastline and protect against pirates, according to Pearse.

Mozambican government officials, corporate executives and investment bankers stole about U$200 million, prosecutors said.

Both Pearse and his successor at the bank, Surjan Singh, who also pleaded guilty, testified at the 2019 trial of Jean Boustani, a Privinvest Group executive accused by the U.S. of being behind the plan to get Mozambique to borrow billions of dollars and overpay for dubious maritime projects.

A third banker, Datelina Subeva, Pearse’s subordinate, also pleaded guilty but didn’t testify.

All three bankers await sentencing. After a six-week trial in late 2019, a federal jury cleared Boustani of all charges.

Bloomberg

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DRC Opposition Protests Against Phone Tax

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Martin Fayulu, DRCs leader of opposition coalition LAMUKA has called upon all citizens to take to the streets and demand for the abolition of a controversial mobile phone tax.

In June 2020, the DRC government set up – through the ICT, Post and Telecoms Ministry – a CEIR system (Central Equipment Identification Register), with the aim to fight fake devices and the theft of mobile devices.

However, Telephony mobile users claim the Mobile Device Registry (RAM), a controversial new tax is robbing them of their units and making them poorer.

In terms of RAM, mobile operators are cutting a big chunk of units monthly from their customers’ mobile devices, which many users believe is too high and unnecessary.

“We are calling for the immediate withdrawal of RAM. Because it’s theft, a scam. That no one is demobilized. Let’s march and denounce it because it is outright  theft. Once withdrawn, all money collected must be returned, ”said Martin Fayulu.

During a meeting this Saturday, October 16, 2021 in Kinshasa, Martin Fayulu called for the outright abolition of this fee.

During the rally, the leader of Lamuka pinpointed other topical issues, including the issue of appointing the leaders of the Independent National Electoral Commission (CENI).

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Tanzania’s Economy Records 4.3% Expansion in 2nd Quarter

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Tanzania’s economic outlook seems very impressive as the country registered a 4.3% expansion between April and June according to the country’s National Bureau of Statistics (NBS).

Compared to the country’s economic performance in the same period last year, there has been a 0.3% upward expansion.

Briefing the media on Friday, Daniel Masolwa NBS Director of Economics Statistics, said, “Real GDP increased to Shs 33.4trillion from Shs 32trillion in the corresponding period in 2020, an equivalent to a 4.3% growth,” he said.

During the second Quarter of 2020, Tanzania’s economy registered the lowest growth rate of 4.0% since 2017 mainly due to the devastating effects of Covid-19 pandemic following the introduction of lockdowns and many countries to mitigate spread of this pandemic.

However, Masolwa tried to cool down any skepticism saying, the annual economic growth in 2021 is projected at a 5.0% rate. In terms of economic activities, he  said, during the period under review, information and communication attained the highest growth of 12.3%, followed by electricity generation at 12.1%.

Meanwhile, other services include arts and entertainment and households as employers (10.8%), accommodation and food services (10.1%), water (8.4%), and mining and quarrying (7.3%).

According to Masolwa, the expansion of economy by 4.3% during the second Quarter of 2021 was spearheaded by key drivers of growth which include Agriculture (13%), transport and storage (8.4%), trade and maintenance (8.1%), manufacturing (7.6%) and construction (7.1%).

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