July 17, 2017 IBOMLLC Team

Akon is buying 50% stake in the Senegal-based Musik Bi – A Music Download Service

akon Musik Bi

Innov8tiv
Innov8tiv – Blacks In Technology in USA, UK, Caribbean Islands & Africa

The U.S.-based rapper Akon (Aliaune Badara), who is originally from the West African country of Senegal, is in the process of buying a 50% stake in Musik Bi.

Musik Bi is a music download service based in Senegal that features over 200 internationally recognized artists. The majority of the artists being rappers and jazz musicians with music for Christian, Muslim, and secular listeners.

Musik Bi has been operational in Senegal since February 2016 and gained enough traction and success to pick the interest of an international artist like Senegal. The platform allows listeners to download music and pay for it using mobile phone credit.

Musik Bi CEO, Moustapha Diop, said the biggest challenge the company faces and hindrance its growth is the current disputes between it and telecoms. The two parties are not agreeing on how to share the cut from the purchase of the music on the platform.

With Akon on board, the CEO says it will enable the come up with a better solution to these disputes. In addition to expanding their catalog of music and services to including streaming, music festivals, and TV …read more

Read more here:: Akon is buying 50% stake in the Senegal-based Musik Bi – A Music Download Service

      

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