African music streaming service Mdundo forecasts 35% MAU growth … – Music Business Worldwide

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A group of 24 people, casually dressed in hoodies, stand and smile outdoors on a grassy area, with trees and a building in the background. They're celebrating Mdundo's recent MAU growth, reflecting the rising popularity of African music streaming.

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…