Tuesday, July 14, 2026

Culture as currency: Calls to convert Africa’s cultural influence into economic power are becoming louder

Date:

Africa’s Cultural Rise: Turning Soft Power into Economic Power

The Africa Soft Power Summit held in Nairobi brought together policymakers, industry leaders, and creative practitioners to examine how the continent’s burgeoning cultural influence can be harnessed for inclusive economic growth. With a youthful population projected to exceed 600 million by 2030 (UN DESA, 2022), the stakes are high: Africa’s music, film, fashion, sports, and digital content are gaining global acclaim, yet the financial returns often flow outside the continent.

Key Takeaways from the Summit

Cultural Influence Does Not Yet Translate into Ownership

Speakers repeatedly highlighted a stark paradox: while African artists dominate global charts—think of Afrobeats topping Billboard (Billboard, 2023) and Nollywood producing over 2,500 films annually (UNESCO, 2022)—the infrastructure, capital, and platforms needed to capture that value remain underdeveloped. Consequently, much of the profit is earned by foreign‑controlled studios, streaming services, and record labels.

As Ummi Bashir, Permanent Secretary at Kenya’s Ministry of Culture, Arts and Heritage, noted, “Culture is not a backdrop to development; it is its foundation” (Kenya Constitution, Article 11). Yet without meaningful ownership of distribution channels, the economic benefits slip away.

Rethinking Soft Power for Economic Gain

Nkiru Balonwu, founder of the Africa Soft Power Project, urged participants to reframe soft power as a conduit for economic advantage. She argued that influence must be measured not only by applause but by who controls the platforms, funds early‑stage ideas, and retains revenue when African creativity scales globally.

Zainab Hawa Bangura, Under‑Secretary‑General and Director‑General of the UN Office at Nairobi, echoed this view, stating that modern soft power is gauged by the ability to shape narratives, inspire innovation, and forge partnerships—far beyond traditional metrics like GDP or military strength (UN, 2023).

Women’s Leadership: A Strategic Imperative

Several panels focused on gender equity within the creative industries. Uche Ofodile, CEO of MTN Benin, stressed that diversity and inclusion are not symbolic gestures but drivers of better performance, especially in sectors where women remain under‑represented.

Wangari Kebuchi of Expertise Global called for governments to move beyond rhetoric and allocate concrete resources—such as grant schemes, mentorship programs, and affordable childcare—to enable women to ascend to leadership roles.

Research consistently shows that companies with gender‑diverse leadership outperform peers by 15 % in profitability (McKinsey, 2020).

Policy Recommendations Emerging from the Discussions

  • Develop continental financing mechanisms—such as a Creative Industry Fund—to provide seed capital for African‑owned production houses, music labels, and tech startups.
  • Strengthen intellectual property regimes across AU member states to ensure creators receive fair royalties when their work is streamed or downloaded internationally.
  • Invest in broadband infrastructure and digital skills training, particularly in rural areas, to broaden access to global markets.
  • Launch mentorship and sponsorship programs that connect emerging women creators with established industry leaders.
  • Encourage public‑private partnerships that build regional hubs for film, music, and gaming, modeled on successful clusters like Lagos’ Entertainment City or Johannesburg’s Media Hub.

Looking Ahead: From Applause to Ownership

The summit made clear that Africa’s cultural soft power is a formidable asset. Transforming that applause into sustainable economic power requires deliberate action: securing ownership of platforms, protecting creators’ rights, and ensuring that the continent’s youthful talent can reap the rewards of its own innovation.

By aligning policy, finance, and inclusive leadership, Africa can shift from being celebrated for its culture to being prosperous because of it—turning global recognition into lasting, home‑grown wealth.

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