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UK’s development financial institution, CDC Group Plc says it is staking a €50 million equity investment in Africa Internet Group (AIG), the parent company of African e-commerce firm, Jumia. CDC says the fresh capital injection will help AIG, which connects over 50,000 local and international companies with African consumers, improve on its operations and expand into new …
The post UK group stakes €50m in Jumia’s parent company appeared first on Technology Times.
Source: Technology