$400 Billion Opportunity: Why Aren’t African Brands Advertising on African Podcasts?
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In this episode, we delve into the $400 billion opportunity that African brands are missing by not advertising on African podcasts. Podcasting in Sub-Saharan Africa has transformed from a niche hobby to a significant cultural phenomenon, featuring political debates in Nairobi, humorous exchanges in Lagos, and captivating true crime stories in South Africa. Despite this expansion, many African brands continue to favour international podcasts, often neglecting the potential of local content.
We examine the reasons behind this reluctance, including the perception of international podcasts as more prestigious and the unfamiliarity with the podcasting medium among local businesses. Additionally, we discuss the difficulties in measuring return on investment (ROI) in podcast advertising.
However, the argument for investing in local podcasts is compelling. Genuine engagement, targeted reach, and economic empowerment are just a few of the benefits. With South Africa's podcast ad revenue expected to rise to USD 397.2 million by 2030, now is the ideal time for brands to embrace this powerful medium.
Join us as we explore how African businesses can forge meaningful connections with listeners and contribute to the growth of the region's digital ecosystem.
This podcast was assisted by AI, and our presenters are Anthony Shapiro and Indiana West.
www.dentsuwisdom.com
We examine the reasons behind this reluctance, including the perception of international podcasts as more prestigious and the unfamiliarity with the podcasting medium among local businesses. Additionally, we discuss the difficulties in measuring return on investment (ROI) in podcast advertising.
However, the argument for investing in local podcasts is compelling. Genuine engagement, targeted reach, and economic empowerment are just a few of the benefits. With South Africa's podcast ad revenue expected to rise to USD 397.2 million by 2030, now is the ideal time for brands to embrace this powerful medium.
Join us as we explore how African businesses can forge meaningful connections with listeners and contribute to the growth of the region's digital ecosystem.
This podcast was assisted by AI, and our presenters are Anthony Shapiro and Indiana West.
www.dentsuwisdom.com
