Nigeria fact of the day

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.

Comments

It doesn't look like the have any software engineering in Africa. All their developer positions are based in Europe: http://africainternetgroup.com/Recruitment-Department?department=36

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

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

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

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