Africa Roundup: Goldman backs startup African Internet Group to become continent’s 1st unicorn

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4496455097_1eed308d10_b The big tech news is the recent torrent of capital to Africa Internet Group (AIG)—which owns online retailer Jumia and 9 other e-ventures.
Yesterday AIG announced €300 million ($326 million) in funding from backers including Goldman Sachs and MTN. CEO Sacha Poignonnec confirmed the new financing brings company equity to €1.005bn ($1.08bn). This clears the hurdle for AIG to become… Read More