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29.07.25 - 12:00
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Prosus Reduces Stake in TENCENT Again, Cashing Out $222M (AAStocks)
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Prosus, a subsidiary of Naspers, the South African major shareholder of TENCENT (00700.HK), reduced stake by another 405,200 TENCENT shares last Friday (25th) at an average price of $549.9294 per share, acording to the Hong Kong Stock Exchange's shareholding disclosures. Hence, Prosus' shareholding decreased from 23% to ......
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27.07.25 - 14:24
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Why′d Ghana Of All Countries Agree To Partially Finance Ukraine′s Drone Program? (ZeroHedge)
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Why'd Ghana Of All Countries Agree To Partially Finance Ukraine's Drone Program?
Authored by Andrew Korybko via Substack,
Footing part of this bill in exchange for Ukrainian support for securing its borders is one of the costs that Ghana must pay as part of its involvement in the emerging anti-Russian regional coalition that plans to wage a protracted hybrid war against Moscow's Sahelian Alliance/Confederation allies.
Zelensky announced after a call with his Ghanaian counterpart in early July that “Ghana is ready to finance our (drone) production, and we are ready to help our partners secure their borders.” This caught many observers by surprise since Ghana has a GDP per capita that's a little less than half of Ukraine's. It makes more sense though when one recalls that West Africa is one of the New Cold War's fronts. Russia supports the Sahelian Alliance/Confederation while France, the US, and Ukraine support its opponents.
The last-mentioned trilateral's backing of terro...
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23.06.25 - 07:51
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Prosus Accelerates Growth and Profitability, with 12X Improvement in Ecommerce Adjusted EBIT and 100% Increase in Dividend (Business Wire)
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AMSTERDAM & JOHANNESBURG--(BUSINESS WIRE)--Prosus N.V. (Prosus) (AEX and JSE: PRX) delivered a strong performance during a transformative year. We have exceeded our profitability targets, as we build the leading lifestyle ecommerce company in Latin America, Europe and India, driven by AI and innovation.
Ecommerce revenue growth of 21%, to US$6.2bn.
Adjusted EBIT increased twelve times to US$443m, ahead of guidance.
iFood aEBIT grew 178%, OLX aEBIT up 61% and eMAG achieved profitability.
Free cash flow positive for the first time, excluding Tencent.
100% increase in dividend to €0.20.
US$7.8bn1 invested to strengthen our regional ecosystems and expand portfolio of AI-native startups.
Buybacks2 returned over US$50bn, driving 15% NAV per share accretion.
Fabricio Bloisi, Prosus CEO, Prosus and Naspers said: “Prosus is rapidly transforming into an operating technology company, focused on lifestyle ecommerce, and powered by innovation and collaboration. This past year, we announced two significant deals to...
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23.06.25 - 07:51
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Naspers Accelerates Growth and Profitability, With 18X Improvement in Ecommerce Adjusted EBIT (Business Wire)
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CAPE TOWN, South Africa--(BUSINESS WIRE)--Naspers Limited (Naspers) (JSE: NPN) delivered a strong performance during a transformative year, as we build the leading lifestyle ecommerce company in Latin America, Europe and India, driven by AI and innovation.
Ecommerce revenue growth of 21%, to US$7.0bn.
Adjusted EBIT increased 18 times to US$430m.
iFood aEBIT grew 178%, OLX aEBIT up 61% and eMAG achieved profitability.
Free cash flow improved by US$263m, excluding Tencent.
US$7.8bn1 invested to strengthen our regional ecosystems and expand our portfolio of AI-native startups.
Buybacks returned over US$50bn2, driving 15% NAV per share accretion.
Fabricio Bloisi, Group CEO, Prosus and Naspers said: “Naspers is rapidly transforming into an operating technology company, focused on lifestyle ecommerce, and powered by innovation and collaboration. This past year, we announced two significant deals to strengthen our regional ecosystems. We completed the acquisition of Despegar in May 2025 and are already integra...
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30.05.25 - 17:48
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Trump Tariff Reprieve; Gaza Ceasefire Proposal | Horizons Middle East & Africa 05/30/2025 (Bloomberg)
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A federal appeals court has temporarily blocked a ruling that threatened to throw out the bulk of President Donald Trump's tariff agenda. Also on the show: Trump pushed Fed Chair Jerome Powell to cut rates at their first in-person meeting since his inauguration; the White House says a Gaza ceasefire proposal has been submitted to Hamas; defense ministers and senior military figures are in Singapore for the annual Shangri-La Dialogue; oil is set for its second weekly decline ahead of OPEC+ meeting; the US is considering a deal with Rwanda to accept deportees; Google and the US Department of Justice are slated to offer closing arguments in an antitrust case. Guests include: Ozan Özkural, Tanto Capital Partners, Founder & Managing Partner; Livia Gallarati, Energy Aspects, Global Crude Lead. (Video has been edited to remove reporter misstatement of figure during story on Africa Development Bank.) (Source: Bloomberg)...
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28.05.25 - 03:30
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TENCENT Splashes RMB1.2B+ to Acquire 9.38% Stake in SM Entertainment: Report (AAStocks)
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South Korean regulatory documents revealed that TENCENT (00700.HK) has acquired all SM Entertainment shares held by HYBE, the management company of the South Korean supergroup BTS, for KRW243.3 billion (around RMB1.277 billion), according to various foreign media reports.HYBE announced that the sale involved a total of 2.212237 ......
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