Naspers announces $300 million initiative to support startups and tech in South Africa
submitted over 7 years ago by taya
submitted over 7 years ago by taya
- Naspers, a South African media and investment company, announced a $100 million Naspers Foundry fund to support tech startups in South Africa, part of a larger $300 million commitment to the country's tech sector.
- The company aims to encourage and back South African entrepreneurs to create businesses that benefit from technology innovation, with plans to invest in existing technology businesses like OLX, Takealot, and Mr D Food.
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