African music market set for growth as CISAC and ARIPO sign memorandum of understanding 

An agreement to strengthen copyright and further economic growth in the creative sectors across Africa has been signed by CISAC and the African Regional Intellectual Property Organisation.

The Memorandum of Understanding paves the way for joint projects on strengthening copyright, technical exchange, education, and training of organisations collecting revenues for creators.

Africa has been a largely untapped market thanks to low levels of internet penetration and challenging conditions for the rights of creators.

However, it has been earmarked as an area that holds big potential for future economic growth for the music industry and other creative sectors.

Royalty collections for creators in the region, by CISAC member societies and across multiple repertoires, grew 14.9% in 2015 to $68.6 million, according to CISAC’s 2016 Global Collections Report.

This represents less than 1% of global collections, which total $9.5 billion.

Source: www.musicbusinessworldwide.com

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