Tag: Naspers

Naspers’ PayU to leads USD115 million investment in Remitly
Tech

Naspers’ PayU to leads USD115 million investment in Remitly

South Africa-based Naspers said PayU, its fintech division, will lead a USD115 million investment round in Remitly, an American digital remittance company. Remitly’s current investors include Stripes Group, DFJ, and DN Capital will participate in the round. Laurent le Moal, PayU CEO, will join Remitly’s board of directors following the […]

Naspers’ Tencent, WeChat under investigation in China
Tech

Naspers’ Tencent, WeChat under investigation in China

Naspers, Africa’s largest technology investor is under investigation in China. Naspers’ social media sites as well as WeChat, its mobile chat application are being investigated by the Cyberspace Administration of China. As a result of the announcement, Naspers shares listed on the Johannesburg Stock Exchange, JSE, tanked by 5%, the […]

Why Zimbabwe’s Steward Bank suspended pay-TV payments
Global

Why Zimbabwe’s Steward Bank suspended pay-TV payments

Unavailability of foreign exchange has been cited as one of the major reasons why Zimbabwe’s Steward Bank suspended payments to the pay-TV subsidiary of South Africa’s Naspers. There are indications that there dollar shortages are worsening in the southern African nations. Local banks have been forced to limit withdrawals due […]

Naspers prices USD1 billion Myriad bond at 4.8%
JSE SENS

Naspers prices USD1 billion Myriad bond at 4.8%

Naspers, Africa’s most valuable publicly-traded company said it has successfully priced the USD1 billion bond for its indirect wholly owned subsidiary, Myriad International Holdings, MIH B.V. Naspers said the bond was priced at 4.85% notes due 2027. The Bonds will be fully and unconditionally guaranteed by Naspers. The company said […]

Naspers, Innova Capital invest USD53 million in Movile
Tech

Naspers, Innova Capital invest USD53 million in Movile

Naspers and Innova Capital have both participated in a funding round to raise USD53 million for Movile. Naspers is Africa’s most valuable company and tech investor with USD114 billion stake in China’s Tencent Holdings Movile is a mobile marketplace which according to a statement by Naspers, the fund will be […]