Understanding The Current State of Africa’s Creative Economy

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Art Means Business

Africa Business Radio

20 episodes

1 month ago

This show introduces the topic of ‘creative economy’ in Africa’s economic and development agenda. It explores the potential of the creative industry to provide new opportunities for developing countries, in particular African countries, to leapfrog into emerging high-growth areas of the world economy. The creative economy is a vital and growing engine of growth and employment in many countries of the world. According to UNESCO, the creative economy is one of the most rapidly growing sectors of the world economy - a highly transformative one in terms of income generation, job creation and expor Support this podcast: https://anchor.fm/art-means-business/support

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Understanding The Current State of Africa’s Creative Economy - Sami Modiba

Art Means Business

1 hour

8 years ago

Understanding The Current State of Africa’s Creative Economy - Sami Modiba

In today’s Show we want to get a better understanding what is the state of the creative economy Africa. We look at what is working and what is not for us. As well as compare it to what is happening elsewhere in the world. And ask the question what do we need to do to make it better. The world’s creative
economy today makes up 3% of the world’s GDP. With all 11 cultural sectors combined generating US$2,250 billion in revenue.
These figures exceeds those of telecommunications services which comes in at $1,570 billion globally and even surpassed the GDP of India which is sitting at US$1,900 billion. The creative industries generated 29,5 million jobs which employ about 1% of the world’s active population. In fact, the creative industries employ more people thank the automotive industry in the United States, Europe and Japan combined.

Africa’s own stats combined with those of the middle east see the two ‘continents’ (so to speak) jointly generating US $58
billion +/- 3% of the global revenue and creating 2,4 million jobs, +/- 8% of the global creative industry job pool.

Africa’s share of the global creative economy stands at less

Sami Modiba is an attorney and conveyancer. He holds LLM in Human Rights & Constitutional Practice. He has worked in the development sector for ten years, mainly for the Open Society Initiative for Southern Africa (OSISA), advocating for policy and legislative reform and/or development on governance, socio-economic rights, law, media, ICTs, economy, education, language rights, and HIV and AIDS. He is currently consulting in the area of transport planning and land use. His passion is art and wanted to study fine arts upon matriculating; but due to lack of appreciation of art’s contribution to the economy, cultural development and spiritual transcendence within African communities, he was not supported by his family to do so. He continues to express this love through his love for architecture, visual and performing arts.

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