Company buys 40% stake in Forbes Africa

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.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.