">
TechMoran
  • About Us
  • Deals
  • Jobs
  • Motoring
    • Money
  • Pitch Your Startup
  • Submit Your Post
  • Freelance Gigs
  • Travel
  • Men’s Corner
  • Dating
Sunday, January 24, 2021
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
No Result
View All Result
TechMoran
">
Home Startups

Ringier Africa Claims Successful First Half-year as Parent Firm Sells Out

Sam Wakoba by Sam Wakoba
7 years ago
in Startups, Tech
6 min read
0
ringier-2-2-original

Ringier Africa has announced its sites Rupu in Kenya,  Tisu in Ghana, Pulse,  Allsports in Ghana and Expat-Dakar, Senegal’s largest classified marketplace which the firm acquired a majority stake in this year have recorded a successful first half-year.

Ringier, which started business in Africa three years ago says it recorded fourfold sales in the first half of 2014, compared to the entire previous year due to professional scaling of existing products as well as winning renowned global corporations as media and advertising partners.

In a statement, Julian Artopé, Director of Ringier Africa said, “Especially the adjustment of our content and classified products in West Africa and the expansion of our number one position in e-commerce business in Kenya have contributed to this success.”

Ringier also praises Kenya, Nigeria, Ghana and Senegal as among the growth markets most attractive for large American and European companies, according to the corresponding “Frontier Sentiment Index” drawn up exclusively for the Wall Street Journal. Nigeria, the former problem child of West Africa being the darling and attracting the interest of foreign investors with its fastest-growing economy on the continent.

Robin Lingg, CEO Ringier Africa & Asia: “The organization in Nigeria is contributing strongly to Ringier Africa’s success thanks to effective utilization of the enormous market potential; the largest market on the continent is already a great investment for us today.”

But things look otherwise as back home Ringier is selling out.

Though subject to regulatory approvals Ringier has sold  49 percent of the shares in each of Ringier Digital AG’s subsidiaries Scout24 Schweiz AG and Omnimedia AG. Scout24 Schweiz AG comprises online marketplaces for motor vehicles (autoscout24.ch, motoscout24.ch) and real estate (immoscout24.ch) as well as the anibis.ch general classifieds marketplace.

READ  what's to come in 2014

AutoScout24 is the number one among Switzerland’s online portals for new and used cars, while ImmoScout24 is the country’s leading online real-estate platform and anibis.ch is the largest general classifieds marketplace. Through its various platforms, the Scout24 Group operates the most comprehensive Swiss network of online marketplaces. In aggregate, these platforms attract some 21 million visits each month. Omnimedia AG is one of Switzerland’s leading digital marketing companies. In addition to offering its national and regional clients target-group-specific online advertising concepts, Omnimedia has exclusive marketing rights for Ringier’s Swiss Scout24 platforms.

KKR has invested in BMG Rights Management, Fotolia, ProSiebenSat.1, GoDaddy, InternetBrands and Mitchell International.

Related posts

Finnfund & Norfund double Starsight’s funding to $20 million for Ghana expansion

January 23, 2021
0

African tech startup funding passes $700m in 2020 despite COVID-19

January 23, 2021
0
Toshiba

Chrome Now Helps You Change Weak Passwords

January 23, 2021
0

Top 5 Skills That Modern Software Developers Need to Have

January 22, 2021
0

Read more here.

 

Readers 989

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Tags: KKRRingier Africa
Sam Wakoba

Sam Wakoba

Taking you on tour through Africa's tech ecosystem, one startup at a time! [email protected]

Related Posts

Startups

Finnfund & Norfund double Starsight’s funding to $20 million for Ghana expansion

January 23, 2021
0
Startups

African tech startup funding passes $700m in 2020 despite COVID-19

January 23, 2021
0
Toshiba
Tech

Chrome Now Helps You Change Weak Passwords

January 23, 2021
0
Tech

Top 5 Skills That Modern Software Developers Need to Have

January 22, 2021
0
Tech

What Software Developers Need to Know About Burnout

January 22, 2021
0
Tech

Three Kenyan teams excel at the Huawei ICT Competition Global Finals

January 22, 2021
0
Startups

Free money transfer service Taptap Send launches its services to Kenya

January 22, 2021
0
Health

54gene launches a genome sequencing lab to track infectious and non-communicable diseases prevalent in Nigeria

January 22, 2021
0

https://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoB
ADVERTISEMENT

Join our Mailing List

Loading

Recent Posts

Finnfund & Norfund double Starsight’s funding to $20 million for Ghana expansion

January 23, 2021

African tech startup funding passes $700m in 2020 despite COVID-19

January 23, 2021
Toshiba

Chrome Now Helps You Change Weak Passwords

January 23, 2021
Toshiba

Shoppable Ad Formats Are Coming Soon To Youtube

January 23, 2021

Hero MotoCorp Surpasses the Monumental 100M Cumulative Production Milestone

January 23, 2021
">
">

Follow Us

">

There are many sites out there focused on blowing off some steam, from funny entertainment to thrilling experiences like playing online, in some cases online gaming could grant you the chance to win extra money. We came across rocketpot.io while browsing for a good btc casino online and it left us a very good impression with their wide variety of games and crypto offering.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

© 2019 Moran Media Group - All rights reserved TechMoran.

No Result
View All Result
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition

© 2019 Moran Media Group - All rights reserved TechMoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: