Africa Internet Group has released a statement announcing that AXA has accepted to exclusively provide its insurance products and services to consumers through Jumia one of the leading local online shops and other AIG online and mobile platforms in Africa.
In line with the partnership, Africa insurance companies of AXA has planned to propose a custom-made insurance products to Jumia and e-commerce client of AIG.
Based on the agreement, AXA together with other telecom companies including MTN, Millicom and Rocket Internet will become shareholders in AIG.
Speaking about the partnership, the Duverne, Deputy CEO of AXA has described the transaction as a confirmation of the long-term commitment of the company towards the African markets.
The Africa Internet Group has said that given the calibre of companies involved in the partnership, it will continue to “innovate and connect businesses to the fast growing consumer demand.”