PricewaterhouseCoopers (PwC), one of the "Big Four" global professional services firms, has decided to exit 9 African countries, sparking rumors of danger and futility. The decision, announced on its website, affects its operations in Côte d'Ivoire, Gabon, Cameroon, the Democratic Republic of Congo (DRC), Republic of Congo (Congo), Madagascar, Republic of Guinea, Senegal, and Equatorial Guinea.

The exact reasons behind PwC's exit remain unclear, with the company citing a strategic review as the basis for its decision. However, reports suggest that market disputes and the need to streamline operations may have contributed to the move. Local partners have alleged pressure from PwC's global leadership to cut out hazardous customers, which may have led to disagreements and ultimately, the decision to exit.

Initially, it was believed that PwC had closed operations in over a dozen countries deemed too small, risky, or unprofitable to prevent future scandals. However, the company has refuted this claim, stating that its decision is based on a strategic review. The company's statement on its website reads, "Following a strategic review, the PwC firms in [affected countries] have separated and will no longer be part of the PwC network."

The exit is seen as a significant move, given PwC's presence in Africa. The company has maintained that it will maintain a strong presence in the region, with service continuity plans in place for clients from other PwC offices across the region. This suggests that PwC is committed to continuing its operations in Africa, albeit in a more streamlined and focused manner.

The Financial Times reported that PwC's decision followed growing disagreements with local partners, who alleged that they lost more than a third of their business in recent years due to pressure from PwC's global leadership to cut out hazardous customers. The report also revealed that PwC severed its links with member firms in Malawi, Fiji, and Zimbabwe.

The implications of PwC's exit are still unclear, but it is likely to have significant effects on the business landscape in the affected countries. The move may also have broader implications for the professional services industry, as companies increasingly focus on streamlining operations and managing risks in a rapidly changing business environment.

As the news continues to unfold, it remains to be seen how PwC's exit will impact its clients and partners in Africa. One thing is certain, however - the move marks a significant shift in PwC's strategy in the region, and one that will be closely watched by industry observers and stakeholders alike.