PricewaterhouseCoopers (PwC) has announced that its member firms in nine Francophone Sub-Saharan African countries have exited its global network, following a recent strategic review.
The affected countries are Côte d’Ivoire, Gabon, Cameroon, Democratic Republic of Congo, Republic of Congo, Madagascar, Guinea, Senegal, and Equatorial Guinea.
In a statement published on its website, PwC confirmed the separation, stating that these firms are no longer part of its international network. “The PwC firms in these countries (the PwC Sub-Saharan Francophone Africa firms) have separated and will no longer be part of the PwC network,” the company said.
While PwC did not disclose specific reasons for the exit, it reassured clients of continued service across the continent, emphasizing that it remains committed to maintaining a strong presence in Africa through other regional offices.
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According to the Financial Times, the exits are part of a broader trend within PwC, which has withdrawn from countries considered too small, high-risk, or financially unviable. The report also cited internal tensions with local partners, who reportedly lost significant business due to global directives to avoid high-risk clients.
The publication noted that PwC has previously ended relationships with member firms in Zimbabwe, Malawi, and Fiji under similar circumstances.
In a related development, the UK’s accounting regulator fined PwC £2.9 million in March for serious audit failures related to the now-defunct Wyelands Bank.
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