• About
  • Advertise
  • Contact
  • Privacy policy
The Exchange
  • Home
  • Banking
  • Industry and Trade
    • All
    • Agribusiness
    • Extractive and Energy
    • Health
    • Infrastructure
    • Manufacturing
    • Telcos
    Maize prices decline in the region

    Why Tanzanians preferred Kenyan maize in the last quarter of 2018

    Women are running Kenya's economy by controlling half the 1.3 million MSMEs in the East African investment hub. AfDB has been partnering with Entreprenarium to educate women on entrepreneurship, business development and financial management. www.exchange.co.tz

    Kenya: Women own half the 1.3 million MSMEs

    Healthcare in Ethiopia - The Exchange www.exchange.co.tz

    United States invest $40 million in Ethiopia’s health sector

    Innova to open a US$40 Million plant in Kenya to build green affordable homes- The Exchange

    Kenya’s private Mwale Medical and Technology City gets US$40 million American support

    Sesame - The Exchange www.exchange.co.tz

    Israel, Ethiopia inaugurate new sesame processing factory

    Investing and implementing infrastructure projects in East Africa is set for a paradigm shift as government officials, private sector and expert meet in Nairobi for the first East Africa infrastructure project financing conference. The two day conference will address infrastructure development and financing.

    Boost for E.A projects as experts meet for inaugural infrastructure forum

    Sunflower (Harris Seeds)- The Exchange

    The untapped edible oil sector in Tanzania

    China is dominating the global creative goods and services trade beating the US and Japan and European countries like France and the UK. www.exchange.co.tz

    How is Africa suffering from US-China trade wars?

    Ethiopian Airlines - The Exchange www.exchange.co.tz

    Ethiopian Airlines, Air Zimbabwe seal lucrative partnership deal

  • Investing
    • All
    • Africa's Development
    • African Entrepreneurship
    • Small Business
    SMEs in Kenya given a boost

    African SMEs set to gain from AMI $ 2.8M investment fund

    An internet node. China’s internet and social media censorship are coming to Africa as dictatorship on the continent once again seems to be rearing its head again. www.exchange.co.tz

    China’s internet, social censorship comes to Africa

    Cytonn Real Estate, the development affiliate of Cytonn Investments, has commenced development of the Applewood project, an exclusive US$24.9 million residential gated community located in Karen, Nairobi.The 10-acre Applewood development is a great opportunity for home owners looking for a serene, luxurious and quality place to live with their families, while also delivering attractive returns to investors.

    Cytonn unveils new US$24.9 million high-end real estate project in Nairobi

    President Emanuel Macron will be visiting Kenya in March in a visit that will see the two countries sign bilateral agreements. As the governments meet, the private sector has already made significant entry into the country

    Kenya already a French zone even as President Macron visits

    The locations and countries where the blockchain technology is being used in Africa. The global blockchain market value is estimated to surpass the USD 60.7 billion mark by 2024 and African tech companies are not being left behind in the revolution. www.exchange.co.tz

    10 companies revolutionising blockchain technology in Africa

    The Africa Netpreneur Prize Initiative (ANPI) will officially call for applications starting from the 27th of March 2019.

    Jack Ma US$ 10 Million entrepreneurship prize kicks off

    Africa-5 - The Exchange www.exchange.co.tz

    Former African Envoys advocate for more economic engagements with Russia

    Minister of Foreign Affairs and International Relations of the Kingdom of Lesotho, Lesego Makgothi

    Russia wants to bolster economic ties with Lesotho

    Cytonn Real Estate, the development affiliate of Cytonn Investments, has commenced development of the Applewood project, an exclusive US$24.9 million residential gated community located in Karen, Nairobi.The 10-acre Applewood development is a great opportunity for home owners looking for a serene, luxurious and quality place to live with their families, while also delivering attractive returns to investors.

    Cytonn granted REITs manager license ahead of NSE launch

  • Money Deals
    • All
    • Corporate Suite
    • Personal Finances
    • The Indicator
    (L-R ) Control Risks CEO Richard Fenning ,Senior Partner East Africa Daniel Heal and Analyst Patricia Rodrigues address media during the press briefing at Capital Club Nairobi.

    US-China rivalry to shape Kenya, Africa’s foreign policy in 2019

    The Kenya Private Sector Alliance (KEPSA) has commended state corporations for inclusion of women on their boards. The private sector lobby group notes that more organizations in the country recognize the different views that women hold and the roles that they play in driving the economy forward.

    Kenya lauded for high number of women in state corporations

    SEACOM has appointed Mr. Tonny Tugee to be the company’s Managing Director of the Eastern North and East Africa region, in the latest managerial changes at the service provider.This is the first time SEACOM has appointed a Managing Director for the region. As a pan-African telecom enabler, SEACOM is banking on a strengthened local leadership team with deep market knowledge to drive the uptake of its connectivity and cloud services in Kenya and the East Africa region.

    Seacom appoints first East African Managing Director

    Seventeen companies listed on the Nairobi Securities Exchange need to improve on good corporate governance, a report by the Capital Markets Authority has revealed, even as it warns against breaching reporting standards. CMA says it is keen to ensure high compliance on corporate governance in Kenya.The CMA Corporate Governance Report of issuers of securities to the public in Kenya shows assessed 56 issuers of securities to the public in 2017-18.

    How NSE listed firms have failed on corporate governance

    With clients like Asoko Insights, Twiga Foods and Uber Eats, Shortlist has raised US $2 million from a group of investors to expand its growing demand of its HR services- The Exchange

    Kenya and India recruiter Shortlist in $2 Million capital injection

    Kenya has opened the ground for global environmental discussions ahead of the Fourth Session of United Nations Environmental Assembly set for later in March. The over 100 delegates, negotiators of the Sixth Global Environmental Outlook (GEO-6) report from United Nations Environment Assembly (UNEA) member states, are meeting in Nairobi this week to discuss environmental issues at the four-day conference whose theme is "Healthy Planets, Healthy People".

    Kenya sets stage for global environmental talks

    Participants at a previous KECOBO event. KECOBO has licensed 3 Kenyan CMOs to be collecting royalties for Kenyan musicians in 2019. www.exchange.co.tz

    Sweet tunes bring good fortunes to 3 Kenyan CMOs

    Kenya's e-commerce supermarket sells stake to Dutch investors- The Exchange

    Goodwell buys USD 2M stake in Kenya’s Copia

    ultra-high net worth individuals (UHNWI) - The Exchange www.exchange.co.tz

    East Africa’s wealthiest: What’s the secret?

  • Stock Markets
    • All
    • DSE
    • NSE
    • RSE
    • USE
    Tanzanian money (World Atlas)- The Exchange

    Tanzania Shilling Stable as the year begins

    Safaricom shares stirred the Nairobi Securities Exchange (NSE) Friday’s trading, invigorating the market which closed the week on a high, with 97 million shares valued at Ksh2.2 billion transacted against Ksh1 billion on 44 million shares posted the previous week. All NSE indices closed the week in the green led by the NSE 20 share which picked up 10.55 points to stand at 2794.43.

    NSE opens year with low activities after 2018 bear run

    Safaricom shares stirred the Nairobi Securities Exchange (NSE) Friday’s trading, invigorating the market which closed the week on a high, with 97 million shares valued at Ksh2.2 billion transacted against Ksh1 billion on 44 million shares posted the previous week. All NSE indices closed the week in the green led by the NSE 20 share which picked up 10.55 points to stand at 2794.43.

    NSE dips as 2018 ends on a bear market territory

    Safaricom shares stirred the Nairobi Securities Exchange (NSE) Friday’s trading, invigorating the market which closed the week on a high, with 97 million shares valued at Ksh2.2 billion transacted against Ksh1 billion on 44 million shares posted the previous week. All NSE indices closed the week in the green led by the NSE 20 share which picked up 10.55 points to stand at 2794.43.

    NSE records low business as year ends

    Safaricom shares stirred the Nairobi Securities Exchange (NSE) Friday’s trading, invigorating the market which closed the week on a high, with 97 million shares valued at Ksh2.2 billion transacted against Ksh1 billion on 44 million shares posted the previous week. All NSE indices closed the week in the green led by the NSE 20 share which picked up 10.55 points to stand at 2794.43.

    NSE closes week Ksh400 million weaker on low trading

    Cryptocurrency - The Exchange

    The Tanzanian forex business under scrutiny

    Safaricom shares stirred the Nairobi Securities Exchange (NSE) Friday’s trading, invigorating the market which closed the week on a high, with 97 million shares valued at Ksh2.2 billion transacted against Ksh1 billion on 44 million shares posted the previous week. All NSE indices closed the week in the green led by the NSE 20 share which picked up 10.55 points to stand at 2794.43.

    NSE kicks-off week with low activities, traded shares close at Ksh7 million

    Bank of Kigali-The Exchange

    CMA approves the first Rwandese Company to be listed on Kenya’s Bourse

    Mkutano Investment Conference Kampala Serena Hotel Capital markets in Uganda Infrastructure development in Uganda

    Nairobi gears for FOREX trading conference

  • Tech & Biz
  • By Country
    • All
    • Burundi
    • Ethiopia
    • Kenya
    • Rwanda
    • Tanzania
    • Uganda
    Maize prices decline in the region

    Adverse weather conditions lead to millions of losses in Tanzania

    Acacia Mining Managing Director for Tanzania, Asa Mwaipopo welcomes Prime Minister Kassim Majaliwa when the latter visited Buzwagi Gold Mine over the weekend

    Why Magufuli`s government might succeed in fixing mining sector

    Water- blogs.oracle.com- The Exchange

    Will Industrial Water Policy avert war in Kenya and Africa?

    ASUS General Manager, PC & Gamimg for East Europe, Middle East and Africa Mr. Benjamin Yeh,(left) and ASUS Regional Manager for Africa, Israel and Turkey Bora Aras (r) pose with models at the launch of the new laptop models ZenBook, VivoBook and TUF Gaming in Nairobi. The company is eying an expanded presence in Kenya and East Africa

    Electronics company, ASUS beefs Kenyan market, eyes East Africa

    Key among Inger Andersen first assignment will be to oversee the upcoming United Nations Environment Assembly (UNEA) in Nairobi dubbed the One Planet Summit.- The Exchange

    Ex-World Bank boss for North Africa appointed to head UNEP

    HSMs by Utimaco provide the ‘Root of Trust’ to a wide range of industries, encompassing financial and payment services, the automotive industry as well as cloud and IT services in the public sector

    How German Utimaco will provide quality financial services security in Africa

    An internet node. China’s internet and social media censorship are coming to Africa as dictatorship on the continent once again seems to be rearing its head again. www.exchange.co.tz

    China’s internet, social censorship comes to Africa

    (L-R) BAT IT Business Unit IT Manager Edgar Okioga, SEACOM Business Sales Lead Patrick Ndegwa and KAM CEO Phylis Wakiaga. They say ICT will help Kenya achieve its 2022 GDP growth ambition with cutting-edge digital tools playing a key role to advance manufacturing, job creation and economic development. [Photo/SEACOM]

    Why ICT will help Kenya achieve 2022 GDP growth

    Women are running Kenya's economy by controlling half the 1.3 million MSMEs in the East African investment hub. AfDB has been partnering with Entreprenarium to educate women on entrepreneurship, business development and financial management. www.exchange.co.tz

    Kenya: Women own half the 1.3 million MSMEs

  • Video
  • Opinion
No Result
View All Result
  • Home
  • Banking
  • Industry and Trade
    • All
    • Agribusiness
    • Extractive and Energy
    • Health
    • Infrastructure
    • Manufacturing
    • Telcos
    Maize prices decline in the region

    Why Tanzanians preferred Kenyan maize in the last quarter of 2018

    Women are running Kenya's economy by controlling half the 1.3 million MSMEs in the East African investment hub. AfDB has been partnering with Entreprenarium to educate women on entrepreneurship, business development and financial management. www.exchange.co.tz

    Kenya: Women own half the 1.3 million MSMEs

    Healthcare in Ethiopia - The Exchange www.exchange.co.tz

    United States invest $40 million in Ethiopia’s health sector

    Innova to open a US$40 Million plant in Kenya to build green affordable homes- The Exchange

    Kenya’s private Mwale Medical and Technology City gets US$40 million American support

    Sesame - The Exchange www.exchange.co.tz

    Israel, Ethiopia inaugurate new sesame processing factory

    Investing and implementing infrastructure projects in East Africa is set for a paradigm shift as government officials, private sector and expert meet in Nairobi for the first East Africa infrastructure project financing conference. The two day conference will address infrastructure development and financing.

    Boost for E.A projects as experts meet for inaugural infrastructure forum

    Sunflower (Harris Seeds)- The Exchange

    The untapped edible oil sector in Tanzania

    China is dominating the global creative goods and services trade beating the US and Japan and European countries like France and the UK. www.exchange.co.tz

    How is Africa suffering from US-China trade wars?

    Ethiopian Airlines - The Exchange www.exchange.co.tz

    Ethiopian Airlines, Air Zimbabwe seal lucrative partnership deal

  • Investing
    • All
    • Africa's Development
    • African Entrepreneurship
    • Small Business
    SMEs in Kenya given a boost

    African SMEs set to gain from AMI $ 2.8M investment fund

    An internet node. China’s internet and social media censorship are coming to Africa as dictatorship on the continent once again seems to be rearing its head again. www.exchange.co.tz

    China’s internet, social censorship comes to Africa

    Cytonn Real Estate, the development affiliate of Cytonn Investments, has commenced development of the Applewood project, an exclusive US$24.9 million residential gated community located in Karen, Nairobi.The 10-acre Applewood development is a great opportunity for home owners looking for a serene, luxurious and quality place to live with their families, while also delivering attractive returns to investors.

    Cytonn unveils new US$24.9 million high-end real estate project in Nairobi

    President Emanuel Macron will be visiting Kenya in March in a visit that will see the two countries sign bilateral agreements. As the governments meet, the private sector has already made significant entry into the country

    Kenya already a French zone even as President Macron visits

    The locations and countries where the blockchain technology is being used in Africa. The global blockchain market value is estimated to surpass the USD 60.7 billion mark by 2024 and African tech companies are not being left behind in the revolution. www.exchange.co.tz

    10 companies revolutionising blockchain technology in Africa

    The Africa Netpreneur Prize Initiative (ANPI) will officially call for applications starting from the 27th of March 2019.

    Jack Ma US$ 10 Million entrepreneurship prize kicks off

    Africa-5 - The Exchange www.exchange.co.tz

    Former African Envoys advocate for more economic engagements with Russia

    Minister of Foreign Affairs and International Relations of the Kingdom of Lesotho, Lesego Makgothi

    Russia wants to bolster economic ties with Lesotho

    Cytonn Real Estate, the development affiliate of Cytonn Investments, has commenced development of the Applewood project, an exclusive US$24.9 million residential gated community located in Karen, Nairobi.The 10-acre Applewood development is a great opportunity for home owners looking for a serene, luxurious and quality place to live with their families, while also delivering attractive returns to investors.

    Cytonn granted REITs manager license ahead of NSE launch

  • Money Deals
    • All
    • Corporate Suite
    • Personal Finances
    • The Indicator
    (L-R ) Control Risks CEO Richard Fenning ,Senior Partner East Africa Daniel Heal and Analyst Patricia Rodrigues address media during the press briefing at Capital Club Nairobi.

    US-China rivalry to shape Kenya, Africa’s foreign policy in 2019

    The Kenya Private Sector Alliance (KEPSA) has commended state corporations for inclusion of women on their boards. The private sector lobby group notes that more organizations in the country recognize the different views that women hold and the roles that they play in driving the economy forward.

    Kenya lauded for high number of women in state corporations

    SEACOM has appointed Mr. Tonny Tugee to be the company’s Managing Director of the Eastern North and East Africa region, in the latest managerial changes at the service provider.This is the first time SEACOM has appointed a Managing Director for the region. As a pan-African telecom enabler, SEACOM is banking on a strengthened local leadership team with deep market knowledge to drive the uptake of its connectivity and cloud services in Kenya and the East Africa region.

    Seacom appoints first East African Managing Director

    Seventeen companies listed on the Nairobi Securities Exchange need to improve on good corporate governance, a report by the Capital Markets Authority has revealed, even as it warns against breaching reporting standards. CMA says it is keen to ensure high compliance on corporate governance in Kenya.The CMA Corporate Governance Report of issuers of securities to the public in Kenya shows assessed 56 issuers of securities to the public in 2017-18.

    How NSE listed firms have failed on corporate governance

    With clients like Asoko Insights, Twiga Foods and Uber Eats, Shortlist has raised US $2 million from a group of investors to expand its growing demand of its HR services- The Exchange

    Kenya and India recruiter Shortlist in $2 Million capital injection

    Kenya has opened the ground for global environmental discussions ahead of the Fourth Session of United Nations Environmental Assembly set for later in March. The over 100 delegates, negotiators of the Sixth Global Environmental Outlook (GEO-6) report from United Nations Environment Assembly (UNEA) member states, are meeting in Nairobi this week to discuss environmental issues at the four-day conference whose theme is "Healthy Planets, Healthy People".

    Kenya sets stage for global environmental talks

    Participants at a previous KECOBO event. KECOBO has licensed 3 Kenyan CMOs to be collecting royalties for Kenyan musicians in 2019. www.exchange.co.tz

    Sweet tunes bring good fortunes to 3 Kenyan CMOs

    Kenya's e-commerce supermarket sells stake to Dutch investors- The Exchange

    Goodwell buys USD 2M stake in Kenya’s Copia

    ultra-high net worth individuals (UHNWI) - The Exchange www.exchange.co.tz

    East Africa’s wealthiest: What’s the secret?

  • Stock Markets
    • All
    • DSE
    • NSE
    • RSE
    • USE
    Tanzanian money (World Atlas)- The Exchange

    Tanzania Shilling Stable as the year begins

    Safaricom shares stirred the Nairobi Securities Exchange (NSE) Friday’s trading, invigorating the market which closed the week on a high, with 97 million shares valued at Ksh2.2 billion transacted against Ksh1 billion on 44 million shares posted the previous week. All NSE indices closed the week in the green led by the NSE 20 share which picked up 10.55 points to stand at 2794.43.

    NSE opens year with low activities after 2018 bear run

    Safaricom shares stirred the Nairobi Securities Exchange (NSE) Friday’s trading, invigorating the market which closed the week on a high, with 97 million shares valued at Ksh2.2 billion transacted against Ksh1 billion on 44 million shares posted the previous week. All NSE indices closed the week in the green led by the NSE 20 share which picked up 10.55 points to stand at 2794.43.

    NSE dips as 2018 ends on a bear market territory

    Safaricom shares stirred the Nairobi Securities Exchange (NSE) Friday’s trading, invigorating the market which closed the week on a high, with 97 million shares valued at Ksh2.2 billion transacted against Ksh1 billion on 44 million shares posted the previous week. All NSE indices closed the week in the green led by the NSE 20 share which picked up 10.55 points to stand at 2794.43.

    NSE records low business as year ends

    Safaricom shares stirred the Nairobi Securities Exchange (NSE) Friday’s trading, invigorating the market which closed the week on a high, with 97 million shares valued at Ksh2.2 billion transacted against Ksh1 billion on 44 million shares posted the previous week. All NSE indices closed the week in the green led by the NSE 20 share which picked up 10.55 points to stand at 2794.43.

    NSE closes week Ksh400 million weaker on low trading

    Cryptocurrency - The Exchange

    The Tanzanian forex business under scrutiny

    Safaricom shares stirred the Nairobi Securities Exchange (NSE) Friday’s trading, invigorating the market which closed the week on a high, with 97 million shares valued at Ksh2.2 billion transacted against Ksh1 billion on 44 million shares posted the previous week. All NSE indices closed the week in the green led by the NSE 20 share which picked up 10.55 points to stand at 2794.43.

    NSE kicks-off week with low activities, traded shares close at Ksh7 million

    Bank of Kigali-The Exchange

    CMA approves the first Rwandese Company to be listed on Kenya’s Bourse

    Mkutano Investment Conference Kampala Serena Hotel Capital markets in Uganda Infrastructure development in Uganda

    Nairobi gears for FOREX trading conference

  • Tech & Biz
  • By Country
    • All
    • Burundi
    • Ethiopia
    • Kenya
    • Rwanda
    • Tanzania
    • Uganda
    Maize prices decline in the region

    Adverse weather conditions lead to millions of losses in Tanzania

    Acacia Mining Managing Director for Tanzania, Asa Mwaipopo welcomes Prime Minister Kassim Majaliwa when the latter visited Buzwagi Gold Mine over the weekend

    Why Magufuli`s government might succeed in fixing mining sector

    Water- blogs.oracle.com- The Exchange

    Will Industrial Water Policy avert war in Kenya and Africa?

    ASUS General Manager, PC & Gamimg for East Europe, Middle East and Africa Mr. Benjamin Yeh,(left) and ASUS Regional Manager for Africa, Israel and Turkey Bora Aras (r) pose with models at the launch of the new laptop models ZenBook, VivoBook and TUF Gaming in Nairobi. The company is eying an expanded presence in Kenya and East Africa

    Electronics company, ASUS beefs Kenyan market, eyes East Africa

    Key among Inger Andersen first assignment will be to oversee the upcoming United Nations Environment Assembly (UNEA) in Nairobi dubbed the One Planet Summit.- The Exchange

    Ex-World Bank boss for North Africa appointed to head UNEP

    HSMs by Utimaco provide the ‘Root of Trust’ to a wide range of industries, encompassing financial and payment services, the automotive industry as well as cloud and IT services in the public sector

    How German Utimaco will provide quality financial services security in Africa

    An internet node. China’s internet and social media censorship are coming to Africa as dictatorship on the continent once again seems to be rearing its head again. www.exchange.co.tz

    China’s internet, social censorship comes to Africa

    (L-R) BAT IT Business Unit IT Manager Edgar Okioga, SEACOM Business Sales Lead Patrick Ndegwa and KAM CEO Phylis Wakiaga. They say ICT will help Kenya achieve its 2022 GDP growth ambition with cutting-edge digital tools playing a key role to advance manufacturing, job creation and economic development. [Photo/SEACOM]

    Why ICT will help Kenya achieve 2022 GDP growth

    Women are running Kenya's economy by controlling half the 1.3 million MSMEs in the East African investment hub. AfDB has been partnering with Entreprenarium to educate women on entrepreneurship, business development and financial management. www.exchange.co.tz

    Kenya: Women own half the 1.3 million MSMEs

  • Video
  • Opinion
No Result
View All Result
The Exchange
No Result
View All Result
Home Industry and Trade

China is king of creative goods and services

Njenga Hakeenah by Njenga Hakeenah
January 15, 2019
in Industry and Trade, World
0
China is dominating the global creative goods and services trade beating the US and Japan and European countries like France and the UK. www.exchange.co.tz

China is fighting with the US in a trade war likely to bring a recession to global trade. International trade is skewed against Africa and the US-China trade war is bad for the continent. [Photo/ Tom Doctoroff]

Share on FacebookShare on LinkedIn

China is dominating the global creative goods and services trade beating the US and Japan and European countries like France and the UK.

Global trade in creative goods is expanding with average export growth rates of more than 7 per cent, according to a new UNCTAD report outlining trends in the global creative economy.

The report, which includes sector-level profiles for 130 developed and developing countries, also charts China’s remarkable rise in the trade of creative goods.

China accounts for more than one-third of global art sales at auction.

Its film production is set to soar, and it contributes a significant portion to global trade of design products such as furniture, fashion and jewellery.

“The creative economy has both commercial and cultural worth,” Pamela Coke-Hamilton, who directs UNCTAD’s trade division, said.

“Acknowledging this dual value has led governments worldwide to expand and develop their creative economies as part of economic diversification strategies and efforts to stimulate economic growth, prosperity and well-being.”

Creative economy’s contribution to world trade

The data, which covers the period 2002 to 2015, shows the creative economy’s contribution to world trade.

Over this period, the value of the global market for creative goods doubled from USD 208 billion in 2002 to USD 509 billion in 2015.

For the first time, the economic contribution of creative services, not just goods, is also measured at country level in the report, called Creative Economy Outlook: Trends in International Trade in Creative Industries.

“Within the creative economy, the creative industries generate income through trade and intellectual property rights, and create new opportunities, particularly for small and medium-sized enterprises,” Coke-Hamilton said.

The creative industries – including architecture, arts and crafts, marketing and advertising, media and publishing, research & development, software, computer games, and other core creative work – are the lifeblood of the creative economy.

Highest performing sectors of creative goods exports

Design and visual arts are among the highest performing sectors with fashion, interior design and jewellery accounting for 54 per cent of creative goods exports.

“Although the downturn in global trade has impacted all industries, the report shows the creative economy is more resilient than most,” Marisa Henderson, the chief of UNCTAD’s creative economy programme, said.

“The performance of the creative economy is encouraging and shows it is thriving through the intersection of culture, technology, business and innovation.”

China biggest single exporter and importer of creative goods and services

China is the biggest single exporter and importer of creative goods and services.

It is the main force behind the creative economy boom over the past 13 years and owns a large portion of it.

China’s trade in creative goods between 2002 and 2015 has been exponential with average annual growth rates of 14 per cent.

In 2002 China’s trade in creative goods was USD 32 billion.

By 2014 this figure had increased more than fivefold, tallying USD 191.4 billion.

There was a drop off in 2015 where China recorded a USD 168.5 billion trade in creative goods, but comparatively, China has maintained the dragon’s share of the trade in creative goods.

In 2015 Chinese exports were four times that of the United States.

Asian countries lead the pack increative goods and services

The new data shows that Asia outstripped all other regions with China and South East Asia combined accounting for USD 228 billion of creative exports, almost double that of Europe.

“China also had the world’s highest trade surplus of USD 154 billion due to its high exports. Generally, South-South trade is on the rise and looks set to be an area of vibrant future growth,” Ms. Henderson said.

China, Hong Kong (China), India, Singapore, Taiwan Province of China, Turkey, Thailand, Malaysia, Mexico and Philippines were the top 10 performing developing economies stimulating global trade in creative goods.

Among developed economies, the United States, France, Italy, the United Kingdom, Germany, Switzerland, Netherlands, Poland, Belgium and Japan were the top 10 creative goods exporters.

The growth of creative services

The report highlights the shift from creative goods production to delivery of creative services as an emerging trend, aligned with a global shift toward services as industrial and agricultural outputs decline.

Henderson explained how newspapers and published products, which were originally a creative good, have flipped to become a creative service with the expansion of online media driven by digital subscriptions and online advertising.

“Creative services will grow,” she said.

“Although there is limited data on the trade in creative services, more countries are reporting on creative services trade as it becomes a more defining feature of local and regional economies.”

Available creative services exports data from 38 developed countries (with a comparable dataset) remained relatively stable between 2011 and 2015, with average annual growth rates at 4 per cent. Of all trade in services for the 38 countries, creative services represented an average portion of 18 per cent, growing from 17.3 per cent in 2011 to 18.9 per cent in 2015.

“An important paradigm shift from the industrial to the knowledge economy is underway. In it, there is a new elevation of the role of ideas, imagination and creativity, and because of this, the creative economy,” Henderson said.

“There is a reason to embrace and support the creative economy’s growth. By offering economic insight into the trade in creative goods and services, governments are better able to understand their creative economies, leverage gaps and amplify areas of performance,” she said.

Read also;

Trading in wildlife made easier?

Africa’s 21 million online shoppers inspire Nairobi landmark e-commerce conference

Kenya could lose Mombasa port to China over SGR debt

East Africa to be the ‘ground zero’ of 2019 US-China rivalry in Africa

Facebook Comments
Tags: BelgiumChinaCreative goods and servicesFashionFranceFurnitureGermanyGlobal tradeHong KongIndiaItalyJapanJewelleryMalaysiaMarisa HendersonMexicoNetherlandsPamela Coke-HamiltonPhilippinesPolandSingaporeSouth East AsiaSwitzerlandTaiwanThailandthe United KingdomTurkeyUNCTADUNCTAD’s creative economy programmeUnited States
Previous Post

It's USD 31 for BBOXX expansion into Kenya, Rwanda and Congo

Next Post

Industrial parks in Ethiopia to generate $30 billion by 2025

Next Post
Investment opportunities in Ethiopia - Exchange www.exchange.co.tz

Industrial parks in Ethiopia to generate $30 billion by 2025

Stay Connected

  • 841 Follower
  • 37.9k Fan
  • 27 Follower
  • 10k Subscriber
  • 2.3k Follower

Newsletter

  • Trending
  • Comments
  • Latest
President Uhuru Kenyatta (Centre) with DP Ruto and Trade CS Peter Munya during the SME Roundtable at Strathmore University in Nairobi. Kenyatta said his government will streamline its processes so that it accords Small and Medium Enterprises (SMEs) the support they deserve www.exchange.co.tz

East Africa’s best: Entrepreneur wins Kshs1 million Sinapis seed capital

December 15, 2018
UAE- www.government.ae- The Exchange

UAE tightens its grip over Zanzibar

January 7, 2019
Tourism in Zanzibar - The Exchange www.exchange.co.tz

Emirates Airlines’ Dubai – Zanzibar direct flights to boost trade

December 11, 2018
Mercedes Benz in Rwanda - The Exchange www.exchange.co.tz

Rwanda’s Akagera Motors in deal with Mercedes Benz

December 11, 2018
FDI has declined, PE not very interested in Tanzania landscape and both EU and US send strong warnings as Tanzania’s position as the leading light in East Africa drastically declines- The Exchange

Tanzania’s hardball with America and the EU drives down investors

A section of the Kazungula Bridge under construction. On completion, the bridge will open up markets in eight African countries. www.exchange.co.tz

Golden opportunities at bridge connecting 8 African countries

Barcode technology use increases in Tanzania

Invest In Africa-Kenya Project Officer Philbert Aganyo(R) with Rael Mzee (Middle) and Margaret Ebenyo of Akiberan Aberu Suppliers and Contractors Ltd. IIA-Kenya has supported the company which is keen to supply multi-national oil company-Tullow.

Invest In Africa boosts Turkana women with business loan

Maize prices decline in the region

Adverse weather conditions lead to millions of losses in Tanzania

February 22, 2019
Acacia Mining Managing Director for Tanzania, Asa Mwaipopo welcomes Prime Minister Kassim Majaliwa when the latter visited Buzwagi Gold Mine over the weekend

Why Magufuli`s government might succeed in fixing mining sector

February 22, 2019
Water- blogs.oracle.com- The Exchange

Will Industrial Water Policy avert war in Kenya and Africa?

February 22, 2019
SMEs in Kenya given a boost

African SMEs set to gain from AMI $ 2.8M investment fund

February 22, 2019

Recent News

Maize prices decline in the region

Adverse weather conditions lead to millions of losses in Tanzania

February 22, 2019
Acacia Mining Managing Director for Tanzania, Asa Mwaipopo welcomes Prime Minister Kassim Majaliwa when the latter visited Buzwagi Gold Mine over the weekend

Why Magufuli`s government might succeed in fixing mining sector

February 22, 2019
Water- blogs.oracle.com- The Exchange

Will Industrial Water Policy avert war in Kenya and Africa?

February 22, 2019
SMEs in Kenya given a boost

African SMEs set to gain from AMI $ 2.8M investment fund

February 22, 2019

The Exchange

The Exchange is a financial journal published by Mediapix Limited, a public relations, news and communications organization with its African headquarters in Tanzania and sister operations in Canada, the United States and The United Arab Emirates. The company‘s founders have been instrumental in the media and communication industry in East Africa and have been operational in the region.

Follow Us

Browse by Category

  • Africa's Development
  • African Entrepreneurship
  • Agribusiness
  • Banking
  • Burundi
  • Business
  • Corporate Suite
  • Countries
  • Crime
  • DSE
  • East Africa
  • Economic Growth
  • Energy
  • Entrepreneurship
  • Ethiopia
  • Extractive and Energy
  • Health
  • Health
  • Hospitality
  • Industry and Trade
  • Infrastructure
  • Investing
  • Kenya
  • Manufacturing
  • Money Deals
  • News
  • NSE
  • Opinion
  • Personal Finances
  • Politics
  • Regional Markets
  • RSE
  • Rwanda
  • Small Business
  • South Sudan
  • Sudan
  • Tanzania
  • Tech & Business
  • Telcos
  • The Indicator
  • Trending
  • Uganda
  • Uncategorized
  • United Nations (UN)
  • USE
  • Video
  • videos
  • World
  • World Economic Forum

Recent News

Maize prices decline in the region

Adverse weather conditions lead to millions of losses in Tanzania

February 22, 2019
Acacia Mining Managing Director for Tanzania, Asa Mwaipopo welcomes Prime Minister Kassim Majaliwa when the latter visited Buzwagi Gold Mine over the weekend

Why Magufuli`s government might succeed in fixing mining sector

February 22, 2019
Water- blogs.oracle.com- The Exchange

Will Industrial Water Policy avert war in Kenya and Africa?

February 22, 2019
  • About
  • Advertise
  • Contact
  • Privacy policy

No Result
View All Result
  • About us
  • Africa’s Development
  • Trending
  • Agribusiness
  • Tech & Business
  • Money Deals
  • African Entrepreneurship
  • Regional Markets
  • The Indicator
  • Banking
  • Investing
  • Infrastructure
  • Kenya
  • Tanzania
  • Uganda
  • Rwanda

Subscribe to Quality African Journalism

Get upto date news and information on
trends in investments, banking, finance,
industrial development and doing business
in Africa.
Sign up for your weekly newsletter.
Subscribe
SUBSCRIBE NOW
We respect your privacy.
close-link
Powered by Convert Plus