Music streamers turn to telcos to make Africa pay

Investing.com | Oct 12, 2021 at 4:01 AM
  • Africa, with its internationally recognised musical talent – and growing mobile phone use – is central to Swedish music streamer Spotify (NYSE:SPOT)’s plans to extend its reach to a billion customers.
  • As African artists such as Nigeria’s Burna Boy and South Africa’s Black Coffee are streamed across the world, the continent was seen as an obvious choice and is the home to more than a third of the company’s 85 new markets.