South Africa emerged as the highest earner in Sub-Saharan Africa’s music industry in 2024, producing a powerful $33 million in recorded music income.
The figures had been launched by the Worldwide Federation of the Phonographic Business (IFPI) “World Music Report 2024”, spotlighting the nation’s strong music infrastructure and streaming adoption.
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Prime performing international locations
Egypt adopted intently with $30 million, whereas Nigeria, usually thought of Africa’s musical large, secured third place with $27 million. These three nations considerably outpaced their continental friends, underscoring the affect of well-established music industries and stronger financial frameworks.
Beneath is a abstract of the highest ten African international locations by music income:
|
Rank |
Nation |
Income |
|
1 |
South Africa |
$33 million |
|
2 |
Egypt |
$30 million |
|
3 |
Nigeria |
$27 million |
|
4 |
Zimbabwe |
$13 million |
|
5 |
Morocco |
$13 million |
|
6 |
Kenya |
$9 million |
|
7 |
Algeria |
$7 million |
|
8 |
Sudan |
$4 million |
|
9 |
Cameroon |
$4 millionn |
Streaming dominates income streams
The IFPI report revealed that streaming accounted for “67.3 p.c of worldwide recorded music income” and contributed “24.5 p.c within the Sub-Saharan African area.” This shift highlights the rising dependence on digital platforms for music consumption and earnings era throughout the continent.
Nevertheless, consultants warning that financial situations proceed to affect how a lot income completely different international locations can earn. Areas with greater earnings ranges usually tend to afford paid streaming companies, explaining the income hole amongst African nations.
Progress in streaming regardless of financial challenges
Regardless of disparities, Sub-Saharan Africa recorded the very best streaming development fee globally in 2023—“a exceptional 34.7 p.c,” the IFPI famous. This development is anticipated to proceed as web entry and cellular penetration enhance.
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Supporting this trajectory, Spotify reported vital development in earnings for Nigerian artists on its platform. Over the previous seven years, their streaming earnings surged by “2,500 p.c to ₦25 billion (equal to $28.65 million as of December 2023).” In the meantime, South African artists earned roughly “256 million rands ($14.01 million),” based on Spotify.
As streaming turns into extra dominant, the problem for African international locations might be to strengthen their digital infrastructure, make platforms extra accessible, and promote native expertise. Bridging the financial hole is significant if the continent is to completely capitalise on the explosive potential of its music business.
Whereas South Africa continues to steer, the broader story is certainly one of continental development and potential, the IFPI concluded.
