PAN African music streaming service, Mdundo, has announced a 22 percent growth in its user base in the last quarter of 2021. The platform recorded 20 million users at the end of further quarter, up from 16.3m/-, in the third quarter and that is driven by strong demand for an easy-to-use music service coupled with aggressive expansion into new territories in Africa.
The company also attributes sustained growth to strong partnerships with telecommunications firms and top consumer brands such as MTN Nigeria, Vodacom Tanzania, Guinness, SportPesa and Standard Chartered Bank and that has seen the service increase its audience in the mass, mid-income market especially among the youth aged between 18 and 24 years.
"We have noted increased the demand for music served online mainly among the youthful consumers, an audience that is actively looking for new products and solutions to support their lifestyle," says Rachel Karanu, the Head of Brand Partnerships at Mdundo.
The most notable growth was recorded in Tanzania, Nigeria and Kenya and was powered by rising popularity of the platform especially among the 18-24 age bracket.
The total Q4 unique users in the three markets now stand at 12.1m; Tanzania (3.7m), Kenya (4m) and Nigeria (4.4m). Other big markets for Mdundo include Uganda (1.8m) and Ghana (1.6m). Mdundo currently boasts over 13.3 million users monthly across the continent.
Mdundo is eyeing a continued growth through innovations aimed at attracting new users even as consumer markets recover from the prolonged impact of the Covid-19 crisis.
"In 2022, we forecast sustained growth as we innovate not only around acquiring new users, but also offering an effective platform for our advertising partners. In the prevailing environment, this means lowering the cost per reach and using targeted consumer campaigns to grow the reach of our partner brands on the continent," said Karanu.
She adds that Mdundo is firmly focused on expansion within the African continent.
"Africa holds immense potential due to rapid growth of the middle-income market. We are active in all African countries, with our main commercial markets being Kenya, Tanzania and Nigeria, we are looking to expand our commercial interests to Ghana and Uganda in 2022."
Launched in 2013, Mdundo is a mobile-web based music service offering free downloads of millions of songs from Africa and other parts of the world.
The platform’s users can download and stream music legally from Mdundo website and Android app free of charge and is integrated into a growing digital advertising […]