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  1. Home
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  3. Naspers announces $300 million initiative to support startups and tech in South Africa
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Naspers announces $300 million initiative to support startups and tech in South Africa

techcrunch.com/2018/1...

submitted about 7 years ago by taya

Naspers announces $300 million initiative to support startups and tech in South Africa

submitted about 7 years ago by taya

Naspers announces $300 million initiative to support startups and tech in South Africa
  • 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.
Read more on techcrunch.com
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