This Startup Wants to be the Spotify of Africa

This Startup Wants to be the Spotify of Africa

Source: CNN

African music has exploded onto the world stage in recent years, but its streaming platforms lag behind.

Spotify (SPOT) is only available in five African countries and while Apple (AAPL) Music recently expanded into more than 30, paid subscription services aren’t as popular on the continent as illegal downloads.

That means African artists are missing out on streaming revenue and royalties. According to the International Confederation of Authors and Composers, its African members only collected €72 million ($88 million) in music licensing fees during 2018, less than 1% of its global total.

Mdundo, a Kenya-based platform, wants to help change this.

Read the full article on CNN, here

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