According to reliable sources, Donjazzy’s Mavin Records has managed to secure a multi-million dollar equity investment deal from Kupanda Holdings.
The investment, according to management was going to help the music label expand its territory. It will aslo aid the label pursue its ambition on the continent and in the diaspora.
Despite rumors of the company going to public, the leader and founder of perhaps Africa’s leading record label, Donjazzy, has denied them. He assured both fans and businessmen alike that when they were ready, they will go public but not now.
Shortly after rumors begun circulating, Donjazzy tweeted: haha one step at a time.
Mavins record label since it was founded, has been focused on meeting the rapidly growing international demand for African music. It has also focused on growing its roster and on strengthening its services across A&R, touring, marketing, distribution, publishing, and partnerships.