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 […]
Mark Sorour, the current Chief Investment Officer at Naspers has sold ZAR35 575 136.40 worth of his shares in Naspers. The disclosure was contained in a filing released by Naspers Limited. It would be recalled that Mrs D Sorour, the wife of Mark Sorour also sold ZAR494, 407,011 worth of shares […]
Konga’s CEO, Shola Adekoya has been reported by to have denied earlier reports that the indigenous eCommerce company is in talks to be acquired by Interswitch. Last week, PageOne.ng had reported through a reliable source that Interswitch, a digital payment processing company was in advanced talks with Konga’s investors, Kinnevik […]
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 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 […]
Naspers has invested 71 million equity funding in Flipkart. For the investment, Naspers will be getting approximately 16.5% of Flipkart. According to a report by Avashya, an Indian website on startup, the USD71 million investment from Naspers will help Flipkart in blazing its guns against its biggest competitor in the […]
Let us rewind back to the year 2010, when there was no Jumia or Konga. The Nigerian eCommerce market was in its most elementary form. There was neither data nor serious pressure from any startup. But this is 2017, Jumia is now celebrating its 5th year of its anniversary. Coincidentally, […]
Africa’s largest tech investor and the most valuable company, Naspers is reporting a 41% rise in its headline earnings for the year to USD1.8 billion. Full group revenue rose by 19% on a year on year basis to USD14.6 billion. Using the local currency of South Africa, Naspers said its […]
Naspers said its wholly-owned subsidiary, Myriad International Holdings B.V. will be exploring the possibility of an international USD bond offering by meeting potential investors on a roadshow. Naspers said proceeds from the offering if completed, are expected to be used for general corporate purposes and to repay MIH B.V.’s existing […]
Naspers, Africa’s largest technology investor said it led an USD80 million Series E investment in India-based Swiggy, an online food ordering and delivery platform in India. Naspers said Ashutosh Sharma, head of investments in India for Naspers, will join the Swiggy board. The investment will help to bolster Swiggy’s growth […]