Namibia's Entertainment Sector Cited as Key Driver for Local Economic Activity
What happened
A report noted that while the Namibian economy is growing statistically, the growth is not being felt by the general population. The entertainment and chilling industries were identified as sectors with a high spillover effect that can sustain the local economy by distributing money widely beyond usual recipients.
From thevillager.com.na
Why it matters
These sectors involve multiple supply chains, including sound engineers, designers, manufacturers, transportation, and beverage producers. This involvement allows the entertainment sector to feed multiple local industries and individuals, helping to address the gap between statistical growth and public economic feeling.
Namibia is seeking models to drive investment in its creative economy sector.
From thevillager.com.na
Who's involved
- NamibiaThe country where the entertainment sector is driving local economic activity
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- SMESpeculative
SME might see increased revenue from massive procurement budgets for events.
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The entities involved
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Namibia
country in Southern Africa