South Africa-based multinational mass media company Naspers has confirmed to HumanIPO it has acquired a 50 per cent stake in Nigerian online megastore Konga.com.
Meloy Horn, Naspers’ group information relations officer, told HumanIPO they had invested in Konga.com and the company was anticipating favourable collaborations involving both parties in the near future.
“Nigeria will possibly soon be the largest economy on the African continent, therefore as an investor we are keen to participate in the growth of a promising African market,” Horn said.
She added that while the company’s local management team will be driving change in Konga.com, the focus will be on expansion and ensuring customers get high service quality.
She said: “With the additional capital, the konga.com management team will invest in growing the business and enhancing customer service.”
She however declined to make comment on the terms of agreement and Naspers’ future investment interests.
