The insurance firm has taken an 8% stake in Africa Internet Group as part of a strategic partnership, joining existing investors Rocket Internet, MTN and Millicon.
Insurance firm AXA paid €75m ($83m) today for an 8% stake in Africa Internet Group (AIG), the collection of Africa-based e-commerce assets overseen by holding company Rocket Internet.
AIG incorporates several Africa-based services from Rocket Internet portfolio companies such as ride hailing service Easy Taxi, classified listings sites Carmudi, Vendito and Lamudi, jobs listing platform Everjobs, food delivery service Hellofood, hotel booking platform Jovago and e-commerce platforms Kaymu and Zando
AXA is making the investment as part of a strategic…
