PwC shuts operations in nine African countries By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 16 2025
0mins
Source: Investing.com
PwC's Operational Changes: PwC has ceased operations in nine Sub-Saharan African countries following a strategic review, citing challenges with local partners and declining business due to pressures from global executives.
Recent Legal Issues: The firm has faced significant fines and scrutiny for audit failures, including a $62 million fine in China and a $6 million fine in the UK, alongside efforts to repair relations with Saudi Arabia after a suspension of activities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
