jumia

Africa

MTN Acquires 33.3% Equity In Jumia’s Parent Company

MTN has acquired 33.3 per cent equity in Africa Internet Holding (AIH), an exclusive vehicle to develop e-commerce businesses across the continent. AIH is the parent company of Jumia, one of Nigeria’s leading online retail sites. The partnership will enable MTN extend online retail and other essential digital services on the African continent. MTN, Rocket Internet and Millicom International Cellular…