Africa’s largest e-commerce platform Africa Internet Group and the parent company of Jovago and Jumia on April 6th announced its partnership with Orange. In a move geared towards accelerating the two companies’ growth across Africa.
In line with the partnership, Orange – one of the leading telecommunication operators in Africa – will make a EUR 75 million equity investment in Africa Internet Group. Orange will become a shareholder of Africa Internet Group alongside existing shareholders MTN, Rocket Internet, Millicom, AXA and Goldman Sachs.
“We are thrilled by Orange’s equity investment and are eager to translate our strategic partnership into unique offers for our customers. Jumia, Jovago and our other online consumer services give millions of African consumers an opportunity to access and transact with local companies in a new and very convenient way. With Orange’s support and expertise, combined with that of our existing long-standing shareholders, we will be able to further improve our service offerings and the customer experience while continuing to invest in our infrastructure,” said Sacha Poignonnec and Jeremy Hodara, founders and co-CEOs of Jumia and Africa Internet Group.
“We are very excited by all …read more
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