After raising a collective €375million from existing investors and Orange, it appears to be a fund raising year for Africa Internet Group (AIG) as the Commonwealth Development Corporation (UK’s develo…
So Jumia wants to completely take over?
As has been rife all over the tech scene lately, AIG (Africa Internet Group) the African subsidiary of the German cloning giant Rocket Internet, will be rebranding all of her ventures into Jumia. Huge…
Africa Internet Group rebranding all startups in portfolio into Jumia subsidiaries
Rocket Internet’s share price has dropped by over 25% in the last six months, and the stains are also rubbing off on Africa Internet Group (a subsidiary of the struggling German internet clone machine…
Orange invests €75 million in Africa Internet Group (AIG)
Orange announced its acquisition of a €75 million equity interest in Africa Internet Group this morning in an official email. The investment would see them joining AXA, Goldman Sachs and longstanding…
AIG secures €300 million funding from new and existing investors
Rocket Internet’s subsidiary in Africa, the Africa Internet Group (AIG) recently secured over €300 funding from Goldman Sachs and other existing investors, including the more recent committment …
AXA acquires 8% of Africa Internet Group with €75 million investment
AXA, a French-based Insurance and Asset management firm, today announced a partnership to develop the expansion of Jovago and a new round of funding to boost its activities in Africa. By investing a w…
Jumia Nigeria Appoints Juliet Anammah as new CEO
Jumia Nigeria formalizes the appointment of Mrs. Juliet Anammah as the head of Jumia Nigeria. Juliet is taking over from former Co-CEOs Jeremy Doutte and Nicolas Martin, who are taking the reins of Ju…
iDEA Nigeria teams up with Rocket Internet to host ecosystem fireside chat
iDEA Nigeria and AIG (Africa Internet Group) which is also known as Rocket Internet, a leading Internet Group in Africa, are partnering to put together a meet-up event. The Managing Directors of 6 AI…