‘Why Zinox group acquired 99% shares of Konga’
The move is expected to raise the profile of e-commerce in the country.
A top official of Zinox Group told The Guardian, yesterday, that the firm acquired 99 per cent shares of Konga, stressing that one per cent was left for a minority shareholder.
Naspers is a South Africa-based multinational Internet and media group, offering services in more than 130 countries, while AB Kinnevik, founded in 1936, is a Swedish investment company investing primarily in digital consumer brands.
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