Brace up African techpreneurs, Naspers is coming to get your business

by | Dec 7, 2015

South African-based multinational internet and media group, Naspers is reportedly on the verge of raising funds towards acquisition of internet and eCommerce companies in Africa.

According to Fin24, Naspers plans to sell 17.1 million ordinary shares in order to raise $2.5 billion. The money raised will be used to fund the planned acquisitions and also extend its stake in Avito from 17.4% to 67.9%. Avito is a Russian-based classifieds portal and the Naspers deal is estimated at $1.2bn.

According to Naspers CEO, Bob van Dijk:

The capital raising will finance the Avito acquisition as well as provide us with the financial flexibility to continue to deliver on our strategy of investing in high-growth internet and ecommerce companies to continue to drive returns for our shareholders.

Founded in 1915, Naspers has hands in the growth of many of Africa’s internet and media companies. Currently Africa’s biggest company by market value, Naspers portfolio extends to both media (DSTV, SuperSport) and internet companies — OLX, Konga and PriceCheck (recently reacquired by the original owner).

Photo Credit: andyburnfield via Compfight cc

Múyìwá Mátùlúkò
Múyìwá Mátùlúkò

Chief Servant. I bully myself because I make me do what I put my mind to.


Are you in tech and you are looking at getting a foreign remote job or you want to move abroad? Fill this form and you will get the BEST resources to help you get that high paying remote job as well as japa easily! WAGMI!

0 Comments

Recent News

TABS is tomorrow! 💃 💃

TABS is tomorrow! 💃 💃

On #TechpointDigest, we discuss Victory Farms’ $5m investment, Netflix for kids and people with disabilities, and TikTok’s plan to credit creators.

TikTok on a “Branded Mission”

TikTok on a “Branded Mission”

On #TechpointDigest, we discuss Autochek’s new acquisition, TikTok’s Branded Mission, Bamba’s $3.2 million seed, and Jumia’s report for Q1 2022.

[PODCAST] Tax evasion in Nigeria to get harder

[PODCAST] Tax evasion in Nigeria to get harder

Using data mining and machine learning, Nigeria’s Federal Inland Revenue Service plans to make it harder to evade taxes. Listen to today’s episode of #TechpointAfricaPodcast to learn how it plans to do that.

Subscribe to Techpoint Digest!

A daily 5-minute roundup of happenings in African and global tech, sent directly to your email inbox, between 5 a.m. and 7 a.m (WAT) every week day!

Please check your email to confirm your subscription.

Subscribe to Blockchain Explorer

Analysis oninnovation, regulations, and trends inthe blockchain sector, as it concerns Africa

Please check your email to confirm your subscription.

Subscribe to The Experts

A bi-weekly where tech career specialists take us on their journey from newbie to expert, and how they became successful in the industry.

Please check your email to confirm your subscription.

Subscribe to Founder's Table

A monthly series, where we catch up with founders in the startup ecosystem, learn about their failures, successes and a few tricks of the trade

Please check your email to confirm your subscription.

Copy link
Powered by Social Snap