You are here: HomeNewsPress Releases2022 02 21Article 1474343

Press Releases of Monday, 21 February 2022

    

Source: Michael Osei, Contributor

Motherland Gaming TV

Photo to illustrate the story Photo to illustrate the story

The global eSports market was valued at just over 1.08 billion U.S. dollars in 2021, nearly a 50 percent boost from the 2020s total. Moreover, the industry's global market revenue is projected to grow to as much as 1.62 billion U.S. dollars in 2024. At this time, Asia and North America account for the largest portion of the market in terms of revenue, with China alone representing close to one-fifth of the market share. (Source: Statista)

Africa is the youngest continent with a median age of 18. Early investment in this growing scene with a major startup leading the way as a hub in Ghana would lead to a boom of employment opportunities, extra streams of income for contractors, personal and business capital, and ease of access to credit from banking institutions.

Ghana eSports Association’s president, Kwasi Hayford the first to act take action and lead the charge by amalgamating startups under the umbrella of a single trade union.

Motherland Gaming TV can quickly develop hurdles addressed by Hayford. The streaming group plans to lobby for correction of remaining broadband, internet connectivity, and server issues that have held the continent back from participating in commerce and e-commerce in the digital frontier. Surplus of excess capital garners attention in areas sectors including but not limited to public health and city planning & infrastructure.

You may be thinking - what about the current state of gaming and eSports in Africa? Collectively the ship is already heading towards the moon! According to Newzoo, the valuation of Africa’s gaming sector grew to 590 million US dollars in 2021.

“One of the major drivers for the growth of mobile gaming in Africa is the acceleration in network rollouts by mobile operators in Sub-Saharan Africa. Infrastructure deployment in Sub-Saharan Africa increased 3G coverage from 63% in 2017 to 70% in 2018, extending access to more than 80 million people. In 2021, network providers offered wider and faster coverage with 4G, LTE and are already laying cables for 5G network coverage, which would positively influence the revenue growth of the gaming industry in Africa” - Patsy Nwogu
This growth is an incentive for early investors, entrepreneurs, and professional gamers to get involved with eSports before its individual figures reach phenomenal heights on their own.

Join the eSports revolution by following MGTVs growing position in Africa's future role as the biggest stakeholder in this emerging industry.