John Bowker

Africa’s online retail unicorn Jumia files for New York IPO to raise up to $600m

The retailer provides an Amazon-like service in 14 African countries with customer numbers growing to 4 million at the end of 2018 from 2.7 million the previous year.

Tencent backer Naspers considers listing some businesses to reduce size

The company takes “very seriously” the difference in value between its stake in Chinese internet giant Tencent and the firm as a whole, CEO Bob Van Dijk said.

Naspers rakes in a $1.6b profit with stake sale in India’s Flipkart

Naspers bought into Flipkart in 2012 and has invested a cumulative $616 million. The sale value of its stake was $2.2 billion.