French insurance giant buys into African e-commerce in $83m deal

French insurance giant AXA has bought an eight percent stake in Africa Internet Group (AIG), one of the continent's largest e-commerce players. The deal is valued at €75-million (over US$83-million).

By Jacques Coetzee

9 Feb 2016

Image credit:

Image credit: AfricaInternetGroup.com

According to Forbes, AXA will become the exclusive insurance provider for AIG, which includes the Nigerian-based Jumia and other e-commerce operations in Africa.

Read more on Ventureburn.com.

Top stories

Image supplied.

ESG & SustainabilityMeet the 10 SA innovators solving the country's biggest problems

21 hours

SAA CEO John Lamola to step down

Tourism & TravelSAA CEO John Lamola to step down

19 hours

Vaseline has created a new authentication tool and enlisted the help of a Nigerian Prince to launch a fight back against fake versions of Vaseline Body Oils in Nigeria. Source: Unilever.

Marketing & Media#BehindtheCampaign: Nigerian prince busts fake body oils for Vaseline

1 day

Image source: Alexander Grey from

LegalUnderstanding the new cans and cants of cannabis in South Africa

Peter Classen 2 days

Axe reveals its Fine Fragrance Collection

RetailAxe reveals its Fine Fragrance Collection

1 day

Promoted

Children as young as 9 launch real businesses in Koa Academy’s free online challenge

EducationChildren as young as 9 launch real businesses in Koa Academy’s free online challenge

Koa Academy 3 days

More news

Image credit: on

Energy & Mining

Rio Tinto's solar plant to give SA's energy grid a 300GWh boost

1 day

Two companies who fraudulently acquired an R85-7m tender for a border wall must now repay the profits. Illustration: Bronwyn Webb / GroundUp

Legal

Court sets aside R86m border wall tender over fraud

Tania Broughton 1 day

Why relevance, not reach, is the real driver of email performance

Marketing & Media

Why relevance, not reach, is the real driver of email performance

Cristelle Snyman, Everlytic 3 days

Deadline extension for 2026 Act Nyoloha Scholarship Programme

Education

Deadline extension for 2026 Act Nyoloha Scholarship Programme

1 day

Image source: georgejmclittle –

HR & Management

eThekwini launches digital recruitment portal for municipal job opportunities

1 day

Africa's untapped $322bn tourism potential hinges on tackling key barriers

Tourism & Travel

Africa's untapped $322bn tourism potential hinges on tackling key barriers

Ross Volk 1 day

Women In Sports Africa is rewriting the rules for African sports media

Lifestyle

Women In Sports Africa is rewriting the rules for African sports media

1 day

Let's do Biz