Naspers News

Naspers has for years scoured the world looking for another early stage technology company that will eventually replicate the success of Tencent, in which it invested $32 million 16 years ago. Credit: Brent Lewin/Bloomberg

Africa's most valuable company looks to replicate its 400,000% return investment in Tencent (Infographic)

Chairman Koos Bekker countered criticism Naspers Ltd. relies too heavily on its $132 billion stake in Chinese media company Tencent Holdings Ltd. by reminding investors that they would have been a lot poorer if he’d given in to similar pressure to sell the holding years ago.

Rita Okuthe, Director of Enterprise Business, Safaricom

Safaricom Sees Amazon as Model for Kenya E-Commerce Platform

Safaricom Ltd. of Kenya plans to introduce an e-commerce platform within eight months targeting formal retail and informal online trading in East Africa’s biggest economy.

South Africa's Naspers rules out $114 billion Tencent stake spin-off

South Africa's Naspers rules out $114 billion Tencent stake spin-off

South Africa’s Naspers (NPNJn.J) does not plan to spin off its $114 billion stake in Tencent, its boss said on Monday, a push back against investors urging a break-up to close a widening discount between its market value and that of its one-third stake in the Chinese internet company.

Bob van Dijk, CEO, Naspers

Africa's largest company to start funding roadshow in the US and UK

Naspers Ltd. will approach investors in the U.S. and the U.K. this about a bond issue as Africa’s biggest company by market value continues its acquisition-hungry quest to expand its internet businesses.

Multichoice City, Johannesburg, South Africa

MTN in talks to buy MultiChoice Africa, says report

MTN is in talks on a potential acquisition of pay-TV provider MultiChoice Africa, MyBroadband reports citing industry sources.

Christoffel Wiese is a South African businessman and billionaire who built Shoprite Holdings Ltd., a supermarket retailer, from the ground up. Credit: Waldo Swiegers/Bloomberg/Getty Images/The Africa Report

Monopoly Money: The successes and failures of South African billionaire Christoffel Wiese

One of South Africa’s richest business leaders talks about his commercial successes and failures, the debates about race and economics in South Africa and his criticism of the government.

Kim Reid, Founder & Co-CEO, Takealot

Africa's most valuable company Naspers ups investment in South Africa's largest e-commerce company Takealot

Naspers, Africa’s biggest ecommerce and digital company, has just invested R960 million (about $69.4 million) in Takealot Online, South Africa’s largest ecommerce company.

Who takes the throne? Credit: qz.com/HBO

ShowMax is stepping up its pan-African battle with Netflix by putting servers in Kenya

In the battle to become the preferred video content streaming service by a majority of Africans, content servers are the weapon of choice.

Africa Offers Big Potential for Streaming Video

Africa Offers Big Potential for Streaming Video

When the pan-African VOD platform Buni.tv launched in 2012, the Nairobi-based company was one of the first to recognize the untapped potential of the online market on the continent.

The case for South African hedge funds

The case for South African hedge funds: Jaclyn Petrone, Director of International Business Development, Laurium Capital

Over the years as international investors have searched for yield and found themselves looking towards Africa, many have invested with a long-term mindset focused on private and public equity strategies.

Bob van Dijk, CEO, Naspers

Africa's most valuable company Naspers worth less than what it owns (Infographics)

Fifteen years ago, a South African media company invested $34 million in an obscure Chinese Internet developer. Today that stake is worth $88 billion.

Africa's richest man Aliko Dangote plans to buy Arsenal in four years.

Africa's richest man Aliko Dangote plans to buy Arsenal in four years (Video)

Aliko Dangote, Africa’s richest man, plans to buy London-based Arsenal soccer team within four years.

Chidi Mokeme (L) and Ramsey Nouah, in the Izu Ojukwu-directed movie '76

Nigeria's Nollywood showcases its massive potential at Toronto Film Festival (Video)

At times it feels like Nollywood has been around forever, such has been the Nigerian movie business’ impact on pan-African pop cultures and awareness around the world—and in Nigeria itself.

Jason Njoku, Founder & CEO, iROKOtv

iROKOtv: From 'Netflix of Nigeria' to 'Nollywood' producer

When 36-year-old Nigerian entrepreneur Jason Njoku talks about em­bracing failure, he is speaking from experience.

Larry Illg, CEO, Naspers Ventures

Africa's largest company Naspers invests $60M in US online learning company Udemy

Udemy, a global marketplace for learning and teaching online, announced on Thursday a strategic investment of $60 million from Naspers through its Naspers Ventures division. Larry Illg, CEO of Naspers Ventures, is joining Udemy’s Board of Directors.

Netflix competitor ShowMax launches in 36 African countries

Netflix competitor ShowMax launches in 36 African countries

ShowMax, the video streaming service from emerging markets media giant Naspers, is launching its offering in 36 African markets.

Africa’s richest man, Aliko Dangote (Left), has a net worth of about US$18 billion, according to Forbes. Tom Saater/Bloomberg

Ranks of African millionaires swell

The sinking tide of commodity prices has lowered incomes for the rich and poor, but for a growing class of African millionaires, the effect may be less painful than for others.

South Africa's Naspers invests $250M in India internet travel firm Ibibo

South Africa's Naspers invests $250M in India internet travel firm Ibibo

Naspers Ltd., Africa’s largest company by market value, invested a further $250 million in Indian Internet-travel group Ibibo to strengthen the firm’s market position in hotel bookings and add new technology.

A USB key with the logo of Netflix, the American provider of on-demand Internet streaming media. REUTERS/Gonzalo Fuentes

Naspers says it can cope with Netflix challenge in South Africa

Naspers, the largest listed company in Africa, said it was not worried about Netflix’s arrival in South Africa, adding it believed the market for video on demand was large enough to accommodate more players.

Media companies finally understand: The future of African TV is mobile. Credit: qz.com

Media companies finally understand: The future of African TV is mobile

For a while now, media companies in Africa have been betting that the continent’s growing consumer class will pay for their premium pay-TV services.

Orange is the New Black. Credit: qz.com

Netflix is coming to South Africa next month, and it's got an ace up its sleeve

Netflix is set to go live in South Africa next month, according to various local reports—almost exactly a year after the online video service first hinted at debuting on the continent.

Bob van Dijk, CEO, Naspers

Africa's largest company Naspers to increase exposure to US tech startups

Naspers Ltd. plans to increase its exposure to U.S. technology startups as Africa’s biggest company by market value seeks to limit the impact of a U.S. interest-rate rise and identify new Internet growth prospects, Chief Executive Officer Bob van Dijk said.

WeChat Africa plans to invest $3.5 million in tech startups

WeChat Africa plans to invest $3.5 million in tech startups

WeChat Africa plans to invest 50 million South African Rand (about 3.5 million US Dollars) in tech startups in Africa.

Africa's biggest media company will fight Netflix for control of the global streaming market

Africa's biggest media company will fight Netflix for control of the global streaming market

When Naspers, the South African media conglomerate, launched its video-on-demand (VOD) service Showmax earlier this year, the assumption was this was an attempt at keeping out Netflix.

Shameel Joosub, CEO, Vodacom Group

Smartphone boom will drive African data explosion: Shameel Joosub, CEO, Vodacom Group (Video)

Cheap smartphones could drive a data revolution in Africa, according to the CEO of one of Africa’s biggest cellphone operators.

7 Reasons to Be Bullish on MTN Group

South Africa broadband blitz unlocks video-on-demand

A rapid roll-out of fiber optic broadband in upmarket South African neighborhoods has caught the attention of Internet video streaming companies who are racing to capture a slice of a lucrative, untapped market.

Streaming services are targeting Africa as wireless networks become more widespread and reliable, allowing the delivery of video in a region where mobile connectivity growth is one of the fastest in the world. Photographer: Gallo Images via Getty Images

Hong Kong billionaire said to plan South African rival to Netflix

Streaming services are targeting Africa as wireless networks become more widespread and reliable, allowing the delivery of video in a region where…

Scene from the HBO show “Game Of Thrones”

Africa's largest company plans to enable download of movies and TV shows like "Game of Thrones" across the continent

Naspers Ltd., Africa’s largest company by market value, plans to enable customers of its ShowMax service to download movies and TV shows such as “Game of Thrones” without having to use expensive live Internet streaming, according to a person familiar with the matter.

Alec Oxenford, Founder, Letgo

South Africa's Naspers invests $100M in smartphone start-up Letgo

The world of online marketplaces may already seem crowded with the likes of Amazon.com and the Alibaba Group.

Vodacom has 64 million subscribers and runs mobile networks in South Africa, Tanzania, the Democratic Republic of Congo, Mozambique and Lesotho. Photographer: Dean Hutton/Bloomberg

Naspers in talks With Vodacom to deliver video-on-demand services across Africa

Naspers Ltd. is in talks with wireless carrier Vodacom Group Ltd. about delivering video content to mobile devices across Africa as the media company seeks to compete with Netflix Inc. in offering movies and TV in the continent of 1 billion people.

Market Vectors Africa Index ETF (AFK)

Invest In Africa's Growth Through The Market Vectors Africa Index ETF

The Market Vectors Africa Index ETF is the simplest and most efficient solution for investors to gain exposure to Africa’s economic growth. The fund has experienced a sharp drop in price since 2014, which is not at all correlated to the financial earnings of the fund’s major holdings.

When Netflix launches in South Africa, it’ll already have stiff competition

When Netflix launches in South Africa, it'll already have stiff competition

When it eventually launches in South Africa, the popular video-on-demand service, Netflix, will find a competitor waiting for it.

South Africa's Naspers returns to bond market to fund emerging markets internet acquisitions

South Africa's Naspers returns to bond market to fund emerging markets internet acquisitions

Naspers Ltd. sold bonds for the first time in almost two years to fund emerging-market Internet acquisitions, a strategy that’s transformed the media group into Africa’s biggest publicly traded company by market value.

Here are the top three Africa equity fund managers of the past three years

Here are the top three Africa equity fund managers of the past three years

Last month heads of state formally launched negotiations for a continental free-trade area at an African Union summit in Johannesburg.

South Africa is a hidden emerging market play: Philippe Langham, Head of Emerging Markets Equities, RBC GAM

South Africa is a hidden emerging market play: Philippe Langham, Head of Emerging Markets Equities, RBC GAM

Philippines, Chile and South Africa offer interesting investment opportunities that are not fully exploited by emerging market investors.

South Africa's Naspers betting on e-commerce growth in emerging & frontier markets

South Africa's Naspers betting on e-commerce growth in emerging & frontier markets

South Africa’s biggest company by value, media giant Naspers, said on Tuesday it still sees room for expansion in its e-commerce business even after strong growth last year.

Naspers’ global footprint

Africa's largest company Naspers adds Nigeria to 'BRIC'

Naspers Ltd. is rewriting the ‘BRIC’ acronym to include Nigeria and Turkey among the world’s best emerging markets as China and Russia lose some luster with Africa’s most valuable company.

Director Kunle Afolayan on the set of his new movie, which will be distributed on Netflix. Photograph by Kunle Afolayan

Meet Nigeria's Nollywood, the world's second largest movie industry

Last year, data was released showing that Nollywood is a $3 billion industry. It is bigger than Hollywood by volume, and right behind India’s Bollywood.

Tayo Oviosu, CEO, Paga

21 Nigerian tech CEOs at the top of their game

Here are 21 of the country’s tech entrepreneurs who are at the top of their game and are making serious waves in the tech space.

John Ugbe, CEO of MultiChoice Nigeria. MultiChoice is a unit of South Africa's Naspers.

Naspers Plans to Boost Nigeria TV Offering as Naira Weakens

Naspers Ltd., Africa’s largest company by market value, plans to use new products and services to attract more customers to its $58-a-month television offering in Nigeria as a weaker naira increases costs.

Tencent Backs Mobile Jobs Startup With Its First ‘WeChat Africa’ Investment

Tencent Backs Mobile Jobs Startup With Its First 'WeChat Africa' Investment

Tencent has made its first investment in Africa under the banner of its WeChat messaging service.

E-Commerce in Africa finds growing outlet

Browse, click, pay: E-Commerce in Africa finds growing outlet

Young Ghanaian entrepreneur Nana Tamakloe could hardly have a simpler business plan. When people order clothes from his website, he buys the items from stalls and shops in Accra, ships them with DHL and gets paid online.