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BCX buys 30% of Nigeria's AppZone

Wednesday 11 June 2014 | 10:25 CET | News
South Africa's Business Connexion (BCX) has acquired a 30 percent strategic interest in AppZone, an IT products provider in Nigeria targeting the financial services sector, BusinessTech reported. BCX is subject to a takeover offer from Telkom for ZAR 2.7 billion in cash. AppZone has 51 employees and deploys technology platforms to financial institutions that enable end-users remotely to access financial services and execute financial transactions using a wide range of connected electronic devices. The transaction provides an opportunity for BCX to expand its footprint in a key growth market

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Categories: Mobile & Wireless
Companies: Business Connexion / Telkom
Countries: South Africa
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