African music unlocks new source of wealth: report.
The music industry is growing faster than any other sector on the continent since the COVID-19 pandemic, according to Johannesburg-based wealth intelligence firm New World Wealth.
The rising stars in the continents are about to rise to the world stage:.
Burna Boy —. Nigeria; Jux —. Tanzania; Ciza — South Africa; Jesse Clegg —. South Africa; The disappearing nurse Ruth. South Africa.
Additional key findings from the report:
Africa's population of millionaires is expected to double by 2040.
SA remains the continents largest wealth market, with 48,200 millionaires as of June, about 38% of all of Africa;.
Johannesburg remains the richest city in Africa, although Cape Town is closing the gap and is on track to overtake it by 2030.
Over the next decade, key wealth-creating industries in Africa are expected to be fintech and entertainment, including gaming, music and film.
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