South African media giant Naspers takes stake in Nigerian online shopping outfit.
Myriad International Holdings (MIH), the corporate venturing unit of South Africa-based media group Naspers, has taken an undisclosed stake in Konga.com, a Nigerian e-tailer, for an undisclosed sum.
Konga.com, founded by Nigerian-born Sim Shagaya in July 2012, retails everything from clothing and watches to books and groceries.