Business

Globe Afrique closes sale to new owners

A new U.S.–based media entity formally took over as the new owner of Globe Afrique in early January 2018, officially ending two years of management control of the trusted investigative online magazine founded in 2016 by a U.S. based consulting firm.

The purchase was completed as expected with the signing of sale documents in December 2018. The signing transfers the newspaper and other assets from Globe Afrique to a new ownership, Apha Media Management Group.

Globe Afrique will continue to operate as an investigative online media entity with plans to begin a magazine publication in the near future. Meanwhile, the company former owners will maintain a small controlling share until the company become fully owned by its new owners.

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Ben Mabande

Ben Mabande is a researcher and senior contributing reporter with Globe Afrique Media.

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