The board of Prosus NV – the recently spun-out Naspers company – has made a hostile US$6.3 billion bid for UK-listed Just Eat, a move which could instigate a bidding war with Dutch rival Takeaway.com. The latter agreed a merger with online food order and delivery...
South African e-commerce group Naspers has listed its internet assets, including a 31% stake in Chinese tech giant Tencent, on the Amsterdam stock market under a newly formed entity called Prosus NV. Shares in the spin-off company surged by 25% in early trading on their market...
Jumia Technologies has listed on the New York Stock Exchange (NYSE), becoming the first African startup to list on a major global exchange. Shares in the e-commerce company, dubbed ‘the Amazon of Africa’, began trading at an opening price of US$18.95 under the ticker JMIA, but...
Kenya’s Safaricom has announced it has secured a deal to use its M-Pesa mobile payment service for online shopping on AliExpress.com, a website run by Chinese e-commerce giant Alibaba Group. The deal will allow Kenyan shoppers to buy goods on the site using M-Pesa in a...