MIH acquires stake in Afrigator
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We’ve been holding off on the big news but we can finally confirm today that MIH Print Africa (Pty) Ltd, a subsidiary of Naspers Limited, has secured a majority stake in Afrigator Internet (Pty) Ltd.
We could not have chosen a better partner in MIH Print Africa as their strategy for Africa aligns perfectly with ours and is an important development for the social media space across our continent – validating the importance of blogging and social media in Africa.
Our Vision
When we started Afrigator in April 2007 we had no idea that we would be where we are today and our sole mandate at the time was to try and create a compelling and useful product that bloggers would enjoy using.
Since then our strategy hasn’t changed but we have evolved to not only serve bloggers but anyone who is interested in social media developments across Africa.
Afrigator is about social media and our users and this vision will not change moving forward. As a privately funded operation we had limited resources at our disposal and this deal gives us plenty of room to turn Afrigator into a mature and useful product.
What this means for our users
Fundamentally this deal is hugely beneficial to all our users as we can all finally focus on Afrigator full-time. We have also employed Lester Hein as our Product Manager who will join the team at the beginning of October and we plan to expand our development team in the near future.
All of this means that not only will the vision remain in tact but we’ll also be more efficient and focused on our users as the team grows and expands.
There are big plans for the development of the website itself and we plan to launch some innovative products along the way.
If you have any questions or would like further information please get in touch with us – we’d love to hear your thoughts!
Read more on this topic here or download the official press release here.
Jason said,
Wrote on September 5, 2008 @ 10:24
Congratulations on taking Afrigator to the next level! Looking forward to seeing where and how you take things from here
Well done.
Ewan said,
Wrote on September 5, 2008 @ 10:33
Congratulations! A well deserved break
Can’t wait to see what the future holds for my favourite aggregator. As you say, this is great news for local social media.
MIH acquires Afrigator | Paul Jacobson said,
Wrote on September 5, 2008 @ 10:37
[...] got the scoop and published the news first on his blog: Moments ago Bandwidth Blog got the scoop in the latest South African internet acquisition. MIH Print Africa have acquired a majority stake [...]
TightReviews.com » Blog Archive » Breaking news: MIH acquires Afrigator said,
Wrote on September 5, 2008 @ 11:20
[...] ago Bandwidth Blog got the scoop in the latest South African internet acquisition. MIH Print Africa have acquired a majority stake [...]
Dave said,
Wrote on September 5, 2008 @ 11:48
Congrats to the Afrigator team and MIH! Looking forward to loving Afrigator even more as you guys develop and grow over the coming months!
hash said,
Wrote on September 5, 2008 @ 13:41
Excellent news guys, very impressive. There’s nothing like having a little money in the pocket after a lot of hard work – you’ve earned it.
Afrigator: Sold | iDoctor - Internet Marketing said,
Wrote on September 5, 2008 @ 14:12
[...] Congratulations to the Afrigator team! MIH acquired a majority stake in Afrigator. Well done guys! So yet another South African internet acquisition. The only thing worrying me is that Naspers (or one of their subsidiary) slowly buys the whole South African startup scene. Good for the entrepreneurs but not so good for freedom of opinion, diversity… [...]
Afrigator Acquired | Tunafunga Pamoja said,
Wrote on September 5, 2008 @ 14:51
[...] was announced today that the blog aggregator, Afrigator, is being taken over by MIH Print Africa. Naspers Limited, [...]
Mike said,
Wrote on September 5, 2008 @ 14:56
Well doen guys, always to cool to see hard work pay some serious dividends. Only recently into this blogging thing (4 months) and must say that since going onto Afrigator, I have opened myself to even more great content. PS the support isn’t too bad either.
MIH ?????? ??? Afrigator • Stylish Solutions said,
Wrote on September 5, 2008 @ 22:42
[...] MIH ?? ??????? ??? ?????? ?????? ?? ???? Afrigator . ? ??? ?? ??????? ????? ?? ???? MIH Print Africa ??????? ????? ??????? ???????? [...]
Elias said,
Wrote on September 6, 2008 @ 04:27
Congrats on a job well done…..This is amazing news and inspiring to other African web entrepreneurs with a vision and a plan…..
MIH Group/Naspers Acquires Major Stake African Social Media Tracking Company. Afrigator said,
Wrote on September 6, 2008 @ 20:26
[...] news was also made official on the Afrigator blog. Lester Hein has also joined as the Product Manager of Afrigator. addthis_url = [...]
2010: An online odyssey | OutThink said,
Wrote on September 7, 2008 @ 22:45
[...] MIH Print Africa purchased a majority interest in Afrigator [...]
Afrigator acquired by MIH Africa / Naspers said,
Wrote on September 8, 2008 @ 07:32
[...] announcement was followed pretty quickly by follow up posts all over the web – Mike Stopforth, Afrigator Blog, Paul Jacobson and even ReadWriteWeb. This is fantastic news, not only for South Africa, but for [...]
Afrigator is Aquired by MIH « TechMASAI said,
Wrote on September 9, 2008 @ 11:31
[...] Limited, recently acquired Afrigator. The news was announced a few days ago at the official Afrigator blog and at [...]
Events | Startup Africa said,
Wrote on September 11, 2008 @ 13:50
[...] Read more at Bandwidth Blog , Read Write Web and Afrigator’s Blog. [...]
StartupsNigeria » What Is The Future of Internet Startups in Nigeria? said,
Wrote on September 15, 2008 @ 04:01
[...] there will be more and more Internet startups coming out of Nigeria. In fact, with the recent acquisition of Afrigator, Africa’s blog and social media aggregator by MIH Group/Naspers, Nigeria will be challenged [...]
The end of an era by Justin Hartman said,
Wrote on September 30, 2008 @ 09:05
[...] is my last day at Avusa iLab. At the beginning of September we announced that MIH Print Africa had acquired a stake in Afrigator – a project I’ve been working on since early 2007 – and as a result I’ve been finishing up work [...]
South African said,
Wrote on December 18, 2008 @ 05:10
Nice to have nothing less than a Naspers subsidiary involved, a highly rated company. You truly have had a momentous year – well done again to you guys on pulling it off, and maintaining the enthusiasm throughout.
Succesful SA Websites/Web Business - Review #2 - Afrigator Network - Seags said,
Wrote on January 19, 2009 @ 08:06
[...] Afrigator is a social media aggregator and directory built to index and share content from Africa. Afrigator is now a a business that owns 2 major services on the South African internet (more to come). In September 2008 MIH Print Africa (Pty) Ltd acquired a stake in Afrigator. [...]