Nigeria-based e-commerce company Africa Internet Group (AIG) has secured EUR225 million (approximately US$244 million) from investment bank Goldman Sachs, South Africa-based telecom company MTN Group and global e-commerce investment company Rocket Internet. This amount is in addition to France-based insurer AXA’s EUR75 million (approximately US$81 million) investment in the company that was announced in February 2016. AIG owns several technology companies in Africa including Nigeria-based e-commerce company Jumia, which was founded in 2012 and currently has a presence in 11 countries.