Latest News
Africa Internet Group rebrands online businesses to Jumia
News Highlight
- "We want to have one strong brand that is trusted and loved by our customers across Africa.” Sacha Poignonnec and Jeremy Hodara, Founders and co-CEOs of Jumia.
Africa Internet Group (AIG), a leading investor in African online companies, said on Friday that it has rebranded itself and its companies across Africa to form an ecosystem under the Jumia brand.
The move comes months after AIG announced that it had raised $326 million from investors, becoming the first African technology company to be valued above $1 billion.
With the rebranding, AIG said Hellofood, a food delivery service, is now Jumia Food; Jovago, a hotel-booking platform, is now Jumia Travel; Kaymu, a community marketplace, is now Jumia Market; Carmudi, a cars classifieds service, is now Jumia Car; Lamudi, a real estate classifieds service, is now Jumia House; Everjobs, a job-listing service, is now Jumia Jobs; Vendito, a deals service, is now Jumia Deals; and AIG Express, a logistics service, is now Jumia Services.
“Operating under the same brand name reinforces the legitimacy of proposing other services to our customers and to our sellers. We want to have one strong brand that is trusted and loved by our customers across Africa,” said Sacha Poignonnec and Jeremy Hodara, Founders and co-CEOs of Jumia. “We founded our companies with a very strong belief: Internet can improve people’s lives in Africa. Uniting all services allows us to better help our customers fulfill their daily aspirations.”
Founded in 2012, AIG has operations in 23 African countries. The company’s investors include Orange, the French telecoms giant; Goldman Sachs, the US investment bank; Axa, the French insurance group; MTN, the South African mobile giant; and Rocket Internet, a German startup investor.
Related News
Latest Blogs
- What Ould Tah’s tenure at BADEA reveals about his AfDB candidacy
- Implementation strategy crucial for the success of 12-4 education policy
- A senator’s suspension threatens the right of representation
- Tinubu’s promising revolution in infrastructure development
- Has Tinubu’s economic reform started working?
Most Popular News
- Artificial intelligence can help to reduce youth unemployment in Africa – ...
- Nigeria records $6.83 billion balance of payments surplus in 2024
- Tinubu appoints new Board Chair, Group CEO for NNPC Limited
- Tariffs stir inflation fears in US but offer targeted industry gains ...
- Soaring civil unrest worries companies and insurers, says Allianz
- CBN net reserve hits $23.1 billion, the highest in three years