Two weeks, ago, African music service Mdundo, which listed on the Danish stock exchange (the Nasdaq First North Growth Market) in September 2020, announced a new licensing deal with Universal Music Group (UMG).
At the time, Mdundo reported to have 17 million active monthly users across Africa, which means the service had added 10 million since February 2021.
Mdundo has now issued a new update to its MAU number, revealing that its service had 20.3 million monthly active users in June 2022, which was up 74% versus June 2021.
The company…
