![\"St\u00e9phane](\"https:\/\/eastwind.es\/marketing\/wp-content\/uploads\/sites\/2\/2016\/01\/Orange_St\u00e9phane-Richerd_President-and-CEO_1000pix.jpg\")
<\/a>St\u00e9phane Richard, Chairman and CEO of Orange, stated:\u00a0\u201cWe are particularly pleased to announce our entry into the capital of Africa Internet Group. With this strategic investment, Orange now has the capacity to play a leading role in the fast-growing e-commerce market in Africa. This acquisition is combined with the signature of several important partnership agreements that will create value for all parties. In particular, across the twelve countries where we have a common presence, this investment will enable us to significantly develop our ability to market products and services developed by Orange Middle East & Africa over the Internet. This operation, initiated by our corporate investment fund Orange Digital Ventures, is fully aligned with our strategic plan, Essentiels2020, particularly with regards to our ambition to reinvent customer service, develop the digital channels and services offered to customers as well as our ambition to develop our activities in Africa and the Middle East.\u201d<\/p>\n
Strategical partnerships attached to the purchase<\/span><\/strong><\/p>\n The purchase will be accompanied by a series of strategic partnerships between the subsidiaries of both groups. Orange will this way help Jumia and other websites run by Africa Internet Group to accelerate their growth and seize development opportunities in Africa.<\/p>\n Sacha Poignonnec and Jeremy Hodara, founders and co-CEOs of Jumia and Africa Internet Group, commented:\u00a0\u201cWe are thrilled by Orange\u2019s equity investment and are eager to translate our strategic partnership into unique offers forour customers. Jumia and our other online consumer services give millions of African consumers an opportunity to access and transact with local companies in a new and very convenient way. With Orange\u2019s support and expertise, combined with that of our existing long-standing shareholders, we will be able to further improve our service offerings and the customer experience while continuing to invest in our infrastructure\u201d.<\/p>\n Not only Jumia, but the platform is a major driver for growth within the Africa Internet Group<\/strong><\/span><\/p>\n Since Jumia’s creation in Nigeria in 2012, Africa Internet Group has seen significant and continuous growth with ten online consumer businesses operating today in 23 African countries, enabling more than 50,000 local and international companies to do business with African consumers.<\/p>\n Jumia, the original platform, allows businesses to market their products and services online to Africa\u2019s emerging middle class. Other services offered by Africa Internet Group include an e-commerce marketplace (Kaymu), websites offering food delivery (Hellofood) and hotel booking (Jovago), as well as online classified ads for general merchandise (Vendito), real estate (Lamudi), jobs (Everjobs) and vehicles (Carmudi).<\/p>\n","protected":false},"excerpt":{"rendered":" Orange announced today the acquisition of a \u20ac75 million equity interest in Africa Internet Group joining AXA, Goldman Sachs and longstanding investors MTN Group, Millicom and Rocket Internet. This investment underscores Orange\u2019s commitment to Africa, a high-growth territory where nearly one in ten inhabitants is an Orange customer. St\u00e9phane Richard, Chairman and CEO of Orange, …<\/p>\n<\/a>