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Sony is making a bold bet on Africa's video game industry. The Japanese consumer electronics and gaming giant has invested an undisclosed sum into Carry1st, a video game studio based in Cape Town, South Africa, via its Sony Innovation Fund venture arm, Carry1st told CNBC exclusively. The deal is a strategic investment that will see the two companies partner on a range of commercial opportunities. "We believe very firmly that there is an incredibly underrated console opportunity in Africa," Robbin-Coker said, citing countries like Nigeria, Morocco and Algeria as places where console adoption is rising a lot. Sony is coming into an emerging gaming market with blistering growth potential.
Persons: Carry1st, Cordel, Coker Organizations: Sony, Sony Innovation Fund, CNBC, PlayStation Locations: Cape Town , South Africa, Africa, Nigeria, Morocco, Algeria, Konvoy
Africa's video game market has been doing well. Africa's video game market is having a moment. Sub-Saharan Africa's gaming industry is expected to generate over $1 billion for the first time in 2024, according to data shared exclusively with CNBC. Despite that, Africa's video game market has been doing well. The global games market generated $182.9 billion of revenue in 2022, down 5.1% from 2021, according to Newzoo.
Persons: Covid lockdowns, Cordel, Coker, Covid Organizations: CNBC, World Bank Locations: Africa, Cape Town, Saharan Africa
At least nine are dead and more deaths are expected after more than a dozen tornadoes tore through the Southeastern U.S. on Thursday, according to officials. Seven of the deaths were reported in Autauga County, Alabama, northwest of Montgomery, according to county Emergency Management Agency Director Ernie Baggett. Six of the deaths were reported the day the tornadoes made landfall in the state, and one was reported on Friday. The second fatality in Georgia was a Department of Transportation employee who was responding to storm damage, Governor Brian Kemp said in a news conference Friday. Governor Burt Jones took a helicopter tour of the damage Friday to also assess the damage resulting from tornadoes in the state.
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