By: Economic & Finance Report
Africa Internet Group (AIG) has 71 companies in 26 countries in Africa. Their company expansion includes real estate, retail, online, internet web, ecommerce and the list goes on and on. They are the first African based company that has market valuation of $1 billion dollars in Africa.
The question that needs to be asked is why so long? It seems that timing and development on the continent is a contributing factor to slow progress of this inception. French mobile giant Orange has invested an extra $85 million dollars in to the corporation recently, pushing the company to be valued over $1 billion dollars cash. The equity investment by Orange will allow AIG to expand its business operations to other countries. AIG is aiming to compete with mobile super giant MTN, in Africa. -SB