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Axa buys Africa Internet stake, signs distribution deal

Monday 8 February 2016 | 17:34 CET | News
French insurance group Axa has announced plans to buy an 8 percent stake in Africa Internet, which owns websites in 23 African countries. Axa will become the exclusive vendor of insurance and financial services on the all online and mobile websites. The transaction is expected to close by the end of March. Axa will also invest EUR 75 million in Africa Internet, whose main property, e-commerce portal Jumia is present in eleven African countries.

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Categories: Internet
Companies: Africa Internet / Axa / Jumia / Millicom / MTN / Rocket Internet
Countries: Africa
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