Sharp Daily
No Result
View All Result
Wednesday, May 21, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home Opinion

PWC Francophone exit – a calculated step back not collapse

Brian Otieno by Brian Otieno
April 30, 2025
in Opinion
Reading Time: 2 mins read

March 31st 2025 marked the exit of PricewaterhouseCoopers from the Francophone countries in Africa; Gabon, DRC Congo, Cameroon, Madagascar, Guinea, Senegal, Republic of Congo and Equatorial Guinea. A move that has been hailed as tactical comes at a time when the big 4 accounting firms are struggling with operational and global pressures necessitating the need for restructuring, in the wake of reduced demand for consulting services in the aftermath of the Covid-19 pandemic – a clear indication that the economy has taken a toll and not even the finance behemoths will be spared.

 While Francophone Africa is viewed as a growing and lucrative market, it also has its own share of challenges enough to present problems to a global firm like PwC. Operating in nine different countries requires one to handle different tax regimes, diverse cultures and diverse legal frameworks. Challenges that if not well handled may turn sour to the management.

Secondly, continued rifts with local partners could also have led to this exit. Reports of fights for control and disagreements over strategy and operational independence made it to the headlines undermining PwC’s ability to remain a united force, making divorce the only solution. From 2024, PwC has been plagued by numerous challenges. From having a record of 123 partners called it quits in 2024 according to the Financial Times, to being slapped with a temporary ban on offering advisory services. These setbacks urge a moment of reflection, correct their misdoing and get back on track. This means that PwC may prioritize regions that offer higher returns such as America and Asia at the expense of Francophone Africa, mirroring a trend of multinationals recalibrating in volatile markets and focusing on more fertile fields.

PwC Francophone exit is therefore a masterstroke retreat that tries to balance operational inefficiencies and global pressures. It is a calculated step back that will only prune the lower branches while allowing the upper branches to flourish!

RELATEDPOSTS

No Content Available
Previous Post

Leveraging personal pensions for retirement beyond NSSF

Next Post

AI in Kenyan enterprises: 2025 trends and challenges

Brian Otieno

Brian Otieno

Related Posts

Opinion

The importance of diversification in modern investment portfolios

May 20, 2025
Opinion

Kenya’s digital banking boom: A new era of financial inclusion

May 19, 2025
Opinion

Digital lending in Kenya: Convenience meets controversy

May 16, 2025
Opinion

How higher excise duty affects Kenya’s internet users

May 15, 2025
Opinion

Private equity driving business growth in Kenya

May 15, 2025
Opinion

How AGOA and EPZs can transform Kenya’s trade

May 14, 2025

LATEST STORIES

Navigating the fallout of foreign aid reductions

May 20, 2025

Kenya signs recruitment deal with UK Crown dependencies

May 20, 2025

Kenya’s economy gains momentum in April, Stanbic PMI shows

May 20, 2025

The importance of diversification in modern investment portfolios

May 20, 2025

Kenya’s coffee sector revitalization

May 19, 2025

How digital tools are transforming youth agribusiness in Kenya

May 19, 2025

Knight Frank: Kenya’s wealthy swap mansions for market moves

May 19, 2025

Kenya’s digital banking boom: A new era of financial inclusion

May 19, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024