Music Business News: Kenya

The expansion aims to provide educational resources, advocate for intellectual property rights, and celebrate the musical heritage of these regions

The Nigerian naira fell 38% in Q1, putting pressure of Mdundo's revenue even as user growth continued unabated

The 11 markets include the UK, Germany, Italy, the Netherlands, Poland, Sweden, Brazil, Colombia, Philippines, Indonesia, and Kenya.

The company reported a steep drop in ad revenue, but large growth in paid subscribers

Mdundo also reported a 239% YoY jump in revenue from paid subscriptions

Mdundo said it expects to hit 35 million MAUs in FY 2023-2024

Mdundo has published its quarterly report for calendar Q3 2022

MBW’s World Leaders series interviews Martin Nielsen, CEO of African music streaming service Mdundo