Emerald Group, through Media54 — its subsidiary focused on English-speaking African countries — has acquired a 40% equity stake in ABN Publishing, the publisher behind Forbes Africa.
Emerald Group has previously launched Forbes Lusophone Africa, targeting Portuguese-speaking countries on the continent.
“This investment is another stepping stone in our commitment and long-term strategy for Africa,” said N’Gunu Tiny, chairman and CEO of the Emerald Group, in a statement. “English is the international language of business, and we see a clear path ahead by capitalizing on a global brand such as Forbes to build a media platform for those who are positively impacting the continent.”
The company plans to make editorial and business synergies among the publications.
