Konga.com got an investment boost from South Africa-based multinational mass media company Naspers as it has acquired a stake in the company.
“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,” Meloy Horn, Naspers’ group information relations officer said in a recent interview.
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.”
The terms of agreement were not made available..
The interest in Nigeria is heating up as just some days ago, Jumia also got some investment too from Summit Partners. And this seems like a comeback for Naspers as it closed down Kalahari in Nigeria in 2011.
Developing Story…….
