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Naspers confirms investment in Nigeria's Konga.com

Friday 8 March 2013 | 11:05 CET | News
South Africa-based media group Naspers confirmed that it has acquired a 50 percent stake in Nigerian online store Konga.com. Meloy Horn, Naspers' group information relations officer, told HumanIPO it had invested in Konga.com. 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. With the additional capital from Napsers, the Konga management team will invest in growing the business and enhancing customer service. She declined to make comment on the terms of agreement.

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Categories: Internet
Companies: Naspers
Countries: Nigeria
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