Africa's iGaming Growth Faces Compliance Challenges

The iGaming industry in Africa is experiencing rapid growth, but this expansion presents significant regulatory challenges. Operators must navigate complex compliance issues related to identity verification, Know Your Customer (KYC) regulations, and anti-money laundering controls.

Richard Emah, Regional Director for North/West Africa at Sumsub, a global compliance technology company, stresses that scaling operations without adequate compliance measures can lead to serious problems. Sumsub has over a decade of experience and operates in more than 200 countries, focusing on providing compliance solutions tailored for the iGaming sector.

The company has intensified its engagement in Africa over the past three years through various industry events. As operators seek to expand beyond their home markets, they encounter diverse regulatory frameworks and identity verification challenges.

Emah notes that Nigerian businesses often express concerns about their current vendors' inability to support their scaling efforts effectively.