Friday, August 1, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Africa

OLX Group Acquires 39% of Emerging Markets Property Group

Tech Gist Africa by Tech Gist Africa
05/12/2020
in Africa, Africa News, News
0 0
0
OLX Group Acquires 39% of Emerging Markets Property Group
0
SHARES
Share on FacebookShare on Twitter

OLX Group has bought over 39% stakes in Emerging Markets Property Group ($150 million) for $150 million. At the end of the merger, OLX has now become the single largest shareholder of EMPG, valued at $1 billion.

The deal involves merging OLX Group’s classified businesses with that of EMPG in the MENA region. The $150 million investment will be used by EMPG to develop a range of services, create a seamless user experience, enhance data transparency, and deepen market entrance in new markets.


See also: Ethiopia to Start Issuing New Telecom Licenses Soon


Prosus-owned OLX provides e-commerce services while EMPG, on the other hand, operates properties in Egypt, Pakistan, Lebanon, and the UAE. According to Martin Scheepbouwer, CEO of OLX Group, it will leverage its platform to explore how to scale EMPG’s services. EMPG will operate OLX’s existing platforms in Egypt and Lebanon, and both platforms belonging to OLX and EMPG in Pakistan and the UAE.

The total value of the properties in these markets is estimated at $90 million. This deal will leverage EMPG the opportunity to enhance its real estate operations in the MENA region. Beyond these markets, it will also operate the platforms in Pakistan, Saudi Arabia, Bahrain, Kuwait, Qatar, and Oman.

 

More on TechGist Africa:

  • Ghana Launches Ghcovid19 Symptom Tracker to aid Contain the Spread of COVID-19
  • 54gene Unveils Mobile Laboratory to Scale Nigeria’s COVID-19 Test Capacity
  • API fintech Startup, Okra Secures $1 million Pre-seed Investment
  • PalmPay Launches ₦100 Million COVID-19 Payout Fund for Nigerian Customers
  • Application Opens for Innovation Fund for Mobile Internet Adoption and Digital Inclusion
ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

telecommunications
Mobile networks

Cameroon Fines MTN and Orange $4.6 Million for Poor Service Delivery

by Tech Gist Africa
07/11/2025
0

Cameroon’s telecom regulator has issued fines totaling approximately 2.6 billion CFA francs (around US $4.6 million) to MTN Cameroon and Orange...

Read more
Cerebrium South Africa

Cerebrium, a South African AI startup raises $8.5 million seed funding

07/11/2025
Aria Ventures Egypt

Aria Ventures Launches $1 Million Fund to Boost Deep‑Tech Investment in Egypt

07/10/2025
BuuPass QuickBus Kenya

BuuPass, a Kenyan mobility startup has secured strategic funding from Yango Ventures

07/10/2025
Complete Farmer Ghana

Complete Farmer, a Ghana-based agritech company Raises $2.5 Million

07/09/2025
Next Post
The Big 5 Daily: 5th May, 2020

The Big 5 Daily: 5th May, 2020

Helium Health Nigeria

Helium Health Secures $10 million Series A Expansion Round

Tanzania-based East Africa Fruits Secures $2 Million Series-A Round

Tanzania-based East Africa Fruits Secures $2 Million Series-A Round

No Result
View All Result

The Big 5

Innovation Hub

Corporate Innovation: How Major Companies are Fostering a Culture of Disruption

by Tech Gist Africa
07/28/2025
0

...

Africa Tech

Tech Diplomacy: How Africa is Leveraging Technology for International Relations and Development

by Tech Gist Africa
07/21/2025
0

...

Media and Entertainment

How African Technology is Changing the Face of Media, Entertainment, and Digital Content

by Tech Gist Africa
07/14/2025
0

...

Ecobank

Ecobank, Google Partner to Boost Financial Inclusion and Innovation Across Africa

by Tech Gist Africa
07/08/2025
0

...

AWIEF

AWIEF 2025 Awards Nominations Now Open to Celebrate Africa’s Top Women Entrepreneurs

by Tech Gist Africa
07/08/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

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.