Here is how MTN aims to develop online businesses in the African markets and in the Middle East.

Henceforth this is official; MTN Group has unveiled its ambitions beyond its traditional business, as a global telecom operator. The company will invest about EUR 300million over the next two to four years into AIH and MEIH.

In fact, MTN Group has partnered with Rocket Internet and Millicom International Cellular to develop internet businesses in Africa through Africa Internet Holding

(AIH).

In the same dynamic, MTN and Rocket Internet will create a joint venture to develop internet businesses in the Middle East, with MTN and Rocket as 50% shareholders in Middle East Internet Holding (MEIH). Rocket Internet has a presence in several Middle Eastern countries, and has rolled out a series of high-growth online businesses, including Easytaxi, Lamudi, Namshi and Hellofood.

Connectikpeople.co recalls that founded in 2012 as a joint venture between Rocket Internet and Millicom International Cellular, AIH is an internet group in Africa, with presence in 13 countries on the continent, including South Africa, Nigeria, Egypt, Morocco, Cote d’Ivoire and Ghana. The company has developed several successful e-commerce ventures including Jumia, Zando, Kaymu, Jovago, Lamudi, Carmudi, Easytaxi and Hellofood.