Browsing: Challenges and risks of music industry in Africa

• Investing in Africa’s music industry offers numerous opportunities for growth and success.
• Dataxis predicts that Africa’s annual music streaming revenues will grow from US$92.9 million in 2021 to US$314.6 million by 2026.
• The music industry in Africa faces significant competition from international music markets, particularly from Europe and North America.

The music industry in Africa is a growing and dynamic sector that offers numerous opportunities for investment, growth and success. Despite facing challenges such as intellectual property rights issues, lack of investment and infrastructure, and competition from international music markets, the music industry in Africa is thriving and presents a unique opportunity for investment.

Africa is home to a rich and diverse musical heritage, with music playing an important role in the cultural and social lives of its people. The music industry in Africa encompasses a range of genres including traditional, pop, hip hop, and gospel, and is estimated to …