Norwegian tech company exits Nigerian venture
Norwegian software company, Opera, announced it has made a $6.1 million divestment from a Nigerian subsidiary. The disclosure was made during the company’s second quarterly report for 2020. Opera did not mention the name of the company it exited.
In Nigeria, Opera operates a few companies alongside a partnership in portfolio company OPay.
The European company owns the Opera browser, one of the most popular browsers in the country thanks to its data saving features. Opera also operates OList, the classifieds listing platform, Opera News and OKash, the lending service. OKash exits as both a separate app and on OPay through a partnership.
So which Nigerian venture did Opera divest from?
Obviously, it’s not OPay. Opera considers the Nigeria-based fintech to be a s...