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Read more with google mobile : Online network Viadeo eyes Africa after shelving IPO |

Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Air France crash sparks pilot mystery 30 May 2011 Bus crash in Virginia kills four and injures 54 4:20pm EDT Killer bacteria claims victims in Germany, Sweden | 3:29pm EDT NY Rep. Weiner hires lawyer after alleged Twitter hacking 1:06pm EDT Cheryl Cole out of UK "X Factor" after U.S. hitch 12:47pm EDT Discussed 75 $1 trillion on the table in U.S. debt talks 59 Judge voids controversial Wisconsin union law 51 Speculation grows over Sarah Palin’s 2012 plans Watched Scientists revive ancient spider in stunning 3D detail Tue, May 24 2011 Massive Australian waterspout caught on film Mon, May 30 2011 GM pulls the plug Fri, May 27 2011 Online network Viadeo eyes Africa after shelving IPO Tweet Share this By Bate Felix DAKAR (Reuters) - Viadeo, the world's second-biggest online networking site for professionals behind LinkedIn, plans to double its users in Africa within a year, its chief operating officer for the continent said on Tuesday. Viadeo,... Email Print Related News South Africa approves Wal-Mart bid with token conditions 12:11pm EDT China's LinkedIn plots local recipe for growth Mon, May 30 2011 Sony restoring game network in Asia; to testify in U.S. Fri, May 27 2011 Morgan Stanley allows broker use of social media Wed, May 25 2011 Social phenom Zynga on cusp of mega IPO: report Wed, May 25 2011 Analysis & Opinion Should you invest in your kid’s digital footprint? Small business credit cards not protected by CARD Act Related Topics Technology » By Bate Felix DAKAR | Tue May 31, 2011 2:37pm EDT DAKAR (Reuters) - Viadeo, the world's second-biggest online networking site for professionals behind LinkedIn, plans to double its users in Africa within a year, its chief operating officer for the continent said on Tuesday. Viadeo, which targets professionals, job seekers, recruiters and serves as a brainstorming platform for entrepreneurs, shelved plans for an initial public offering (IPO) early this month to focus on growth in emerging markets. "I think we should be able to double the volume of members in Africa within a year," Chams Diagne, Viadeo's chief operating office for Africa, told Reuters in Dakar, referring to the current base of one million African users. "If we put all our plans in place, I think that naturally, without effort, we should be able to generate many more members," he forecast. Senegalese-born Diagne moved from France early this year, where he was in charge of a European unit, to build the company's presence and expansion on the continent. "There is a market in Africa just like in China or India. At the moment everybody agrees there is a potential, that is why we decided to focus on the growth and be present here," he said. "There is a huge appetite for social networks in Africa. If you look at the activities of our members, those from the continent are sometimes more active than in some European countries," Diagne said. "They chat, share information on forums and seek expert advice, update their CVs and share information with peers." Compared with LinkedIn's 100 million users worldwide, Viadeo has 35 million users, and until recently was mostly known in the French-speaking community due to its origins. It has gradually expanded its presence worldwide with offices and acquisitions in India, China and Mexico amongst others. Diagne said the firm would look to grow its presence on the continent through acquisitions, targeting virtual and real-world associations and career groups while also building partnerships with professional associations. But a lack of online payment options in Africa meant it would be a while before the company started generating revenues from the second of its business models which targets users of its premium content. "We have two business lines. A business-to-business platform which we offer companies to advertise within Viadeo and another to recruit, those are our biggest revenue lines," he said. For the business-to-consumer model, Diagne said the firm was still trying to find a better and secured payment tool because most people do not have credit cards. "We know that half of Africa's population is under 25 years old, We know that at the moment it is difficult to monetise because of structural issues, but that will change," he said. (Editing by Jane Merriman) Technology Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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