Africa

Gumtree SA teams up with non-profit to grow Internet use

General classifieds giant Gumtree South Africa teamed up with non-profit organisation Project Isizwe to provide free wi-fi to low-income communities in South Africa. Gumtree is owned by the EBay Classifieds Group. The roll-out of the project will start in the Tshwane (South Africa’s capital city) townships of Soshanguve, Mamelodi and Atteridgeville. At the end of the first phase (end-August...

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One Africa Media’s SafariNow goes to Kenya

SafariNow.com, the Cape Town-based holiday accommodation site in the stable of One Africa Media (OAM), expanded to Kenya as StayNow.co.ke. SafariNow is active in 56 countries and has 27,600 listed holiday destinations. All listings also appear on StayNow.co.ke. The two sites have the same business model: it’s free to list, but the platforms pocket 15 percent commission on paid...

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One Africa Media acquires a minority stake in BuyRentKenya

One Africa Media (OAM), a classifieds player in the jobs, auto and real estate spaces with an African focus, acquired a minority stake in Kenya’s largest real estate site BuyRentKenya.com, in a move to grow its African portfolio. Details were not given. Carey Eaton, co-founder of OAM and founder of the auto classifieds site Cheki, told AIM Group… This content is available to Classified...

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MoboFree gets fresh money for stronger foothold in Africa

Mobile classifieds site MoboFree raised an undisclosed amount of capital from the Dutch eVentures Africa Fund (eVA Fund) and Million Monkeys to fuel its growth plans in East Africa. Michiel van Deursen (profile page here), founder of Belgian 2dehands.be, a general classifieds site recently sold to EBay, is the driving force behind investor Million Monkeys. MoboFree will use the money to expand...

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Mubawab receives $850,000 to develop classifieds portal for Middle East and North Africa

Published March 7, 2012 Mubawab receives $850,000 to develop leading classifieds portal for Middle East and North Africa; hits 600,000 unique visits milestone. 8 March 2012 – Barcelona, Spain – Mubawab, the classifieds startup for the Middle East and North Africa region announced today that it has received $850,000 in funding from Grupo Intercom, Spain’s leading web consortium, and...

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Schibsted ASA (SCH) – Interim Financial Statement Q3 2011

zv7qrnb Published January 11, 2012 /Published: 07:00 CET 11-11-2011 /Thomson Reuters /Source: Schibsted /XOSL: SCH /ISIN: NO0003028904 / *Schibsted ASA (SCH) – Interim Financial Statement Q3 2011* *Today Schibsted ASA (SCH) released its Q3 2011 report, which shows operating revenues of NOK 3.4 billion, underlying an increase of 5 per cent compared to the same period in 2010. Advertising...

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