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AFC: Kenya, Tanzania expect boost in digital music revenue

on October 18, 2018

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AFC: 11 Kenyan Women Entrepreneurs Making Inspiring Waves across Africa

With the growth of the Kenyan entrepreneurial ecosystem, so has been the rise of female-owned businesses and establishment. This has been driven more by the creation of women-centered policies and programmes for empowerment like the Women Enterprise Fund and women led accelerators and boot camps. But even with these developments, there’s still some resistance and barriers women entrepreneurs are facing when setting up their business. Nevertheless, there’s a new breed of women who have embraced these challenges and propelled against the resistance to create vibrant and thriving businesses in the region. Today, we look at 11 young and intelligent women entrepreneurs who are not just innovating their idea into success but contributing immensely to the growth of the ecosystem. From beauty, Fintech, social enterprises and even human resource, these women have defied the norm to become the ultimate inspiration for business in Kenya and Africa as a whole. 1. Catherine ...

AFC: African Agriculture's Future Lies in Cultivating Youth, Not Only Crops

Rural jobs, both on-farm and off-farm, have the potential to attract ... young people in the coming decades - not in traditional "subsistence levels" roles but in lucrative ways which anchor rural communities and connect them more fluidly to their urban counterparts, writes Dr Nteranya Sanginga , days after accepting the Africa Food Prize for the International Institute of Tropical Agriculture. Photo IITA For more than 50 years, IITA has been breeding improved crops for Africa, from drought-tolerant maize to vitamin-A enriched cassava. These crop improvements have an estimated market value of US $17 billion going back into the African economy. Publicly funded agricultural research centers, referred to as the CGIAR System , have a long history of improving crops and animals around the world to enhance nutrition and livelihoods and create more sustainable food systems. But as we look to the future, we know that we must cultivate more than ...

AFC: Kenya, Tanzania expect boost in digital music revenue

By Lucy Ilado Kenya’s music revenue is expected to accelerate faster than Tanzania’s in the next five years. Kenyan artists are expected to reap from ringback tones. This is according to a new report by PricewaterhouseCoopers (PwC). The report presents historical data for 2013-16 and annual forecasts for the 2017-22 period in 14 entertainment and media segments for South Africa, Nigeria , Ghana, Tanzania and Kenya. PwC predicts that Kenya’s music revenue will continue to grow over the next five years with the bulk of growth coming from recorded music revenue as well as mobile and ringback tones (RBTs). This is despite the fact that the country’s royalty collection system is not yet fully formalised. The presence of international music labels is expected to propel the market to surpass $35m in 2022, at a 9.8% compound annual growth rate (CAGR). “Safaricom has a licensing agreement with Sony Music Entertainment...

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