Africa Internet Group downloads $326m

Mar 3, 2016 • Robert Lavine

The e-commerce holding group has raised funding from MTN, Rocket Internet and Goldman Sachs to add to cash provided by AXA last month.

E-commerce holding company Africa Internet Group (AIG) closed more than €300m ($326m) in funding today in a round co-led by telecommunications firm MTN, e-commerce group Rocket Internet and investment bank Goldman Sachs.

The round also includes the €75m strategic investment by insurance firm AXA last month, provided as part of a strategic alliance that will enable AXA to supply insurance products through AIG’s platforms.

AIG was formed by Rocket Internet in 2012 to group together its Africa-focused e-commerce businesses…

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