Africa-focused music streaming service Mdundo is projecting a 35% increase in monthly active users (MAUs) over the course of the next fiscal year, thanks to partnerships with wireless providers and a rapidly growing African wireless subscriber market.
In guidance released last Thursday (June 22), Mdundo said it expects to hit 35 million MAUs in FY 2023-2024, which for the company begins on July 1. That would mark an increase of 9 million users from the 26 million Mdundo recorded during the fiscal year currently ending.
If Mdundo’s…
