Nigeria fact of the day

by on February 10, 2016 at 3:10 pm in Current Affairs, Economics, Web/Tech | Permalink

Africa Internet Group is set to become the continent’s first “unicorn” after securing an investment valuing the ecommerce group at more than $1bn.

French insurer Axa will pay €75m for an 8 per cent stake in Africa Internet Group, which owns several start-ups including online retailer Jumia, mobile taxi app Easy Taxi and delivery app HelloFood, giving the company a valuation of €938m ($1.04bn).

Here is more from the FT.

1 Rob P February 10, 2016 at 4:42 pm

It doesn’t look like the have any software engineering in Africa. All their developer positions are based in Europe:

2 JWatts February 10, 2016 at 6:20 pm

Is this actually a French company with African branding?

Jeremy Hodara
Co-CEO Africa Internet Group and MD Rocket Internet France (Hiring Now!)
Paris Area, France

Sacha Poignonnec
co-CEO Africa Internet Group

3 Cameron February 10, 2016 at 7:46 pm

This is an arm of Rocket Internet, a german firm run by the Samwer brothers.

4 John Mansfield February 10, 2016 at 4:55 pm

“Unicorn.” Everything has to have a cute nickname. As bad as sports talk.

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