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Tag: PwC

  • PwC shuts operations in nine African countries

    PwC shuts operations in nine African countries

    PricewaterhouseCoopers (PwC) has announced the closure of its operations in nine Sub-Saharan African countries, citing the outcome of a strategic review aimed at streamlining its global network.

    The affected countries include Ivory Coast, Gabon, Cameroon, Madagascar, Senegal, the Democratic Republic of Congo, Republic of Congo, Republic of Guinea, and Equatorial Guinea. The move marks a significant pullback by the global professional services firm in the region.

    In a statement on its website, PwC said the decision was part of a broader strategy to concentrate on markets with long-term growth prospects. “We remain confident in the long-term growth potential of the continent,” the firm noted, emphasizing continued operations in key markets such as Nigeria, Kenya, and South Africa.

    A report by the Financial Times, citing sources familiar with the matter, revealed that revenues in several local markets had dropped by over a third in recent years. The slump reportedly followed directives to sever ties with clients deemed high risk.

    Although PwC did not provide specific reasons for the exits, the firm is also grappling with reputational challenges elsewhere. In Saudi Arabia, for instance, the country’s $925 billion sovereign wealth fund recently halted engagements with PwC. Additionally, the firm has reportedly ended affiliations with member offices in Zimbabwe, Malawi, and Fiji.

  • PwC launches sustainability academy

    PwC launches sustainability academy

    PwC Nigeria has announced the launch of it Sustainability Academy, one of the diverse offerings at the PwC Nigeria Business School.

    In a statement from the firm, Partner, Consulting and Risk Services Leader, PwC Nigeria, Femi Osinubi, said that the academy is a flagship programme dedicated to equipping professionals with the knowledge, skills, and tools to navigate the complexities of the sustainability landscape.

    He stated: “Launching our Sustainability Academy is significant for us at PwC Nigeria. In an era where re-skilling and up skilling are critical to achieving sustainability goals. The academy is designed to empower business leaders and professionals with actionable strategies to lead their organisations boldly into the future.

    “The timing of this launch could not be more appropriate. Sustainability is no longer just a boardroom topic; it is a core driver of strategy, resilience, and value creation. However, it also comes with challenges—balancing immediate pressures with long-term goals, aligning internal capabilities, and staying ahead of regulatory and market expectations. This is why up skilling is paramount.

    “We at PwC have decided to be at the heart of driving the right knowledge rooted in real-world insights, innovative strategies, and harnessing the requisite expertise needed to drive value for organisations through the lens of sustainability.”

    Also, Partner and Head, ESG, Sustainability & Climate Change, PwC Nigeria, Marilyn Obaisa-Osula, said: “Sustainability has often been seen as a ‘good to have’ rather than a strategic imperative. Today, we are shifting that narrative by launching the PwC’s Sustainability Academy, which aims to bridge knowledge gaps and equip industry leaders with the tools needed to navigate the dynamic ESG regulatory ecosystem.

    “Embracing compliance as a strategic opportunity can reduce costs, improve margins, and increase brand value, resulting in sustainable top-line growth. By aligning environmental and social responsibility with business success, companies can position themselves as leaders in an increasingly interconnected market”.

    Commenting, Partner and PwC Business School Leader, Uloma Ojinmah, stated: “The Sustainability Academy exemplifies our dedication to sustainability. It is one of our academies amongst others offered by PwC Nigeria’s Business School”.