No, I’m not talking about the magical creature. Unicorn is a term also used to describe a startup company valued at over USD$1 billion and the continent finally has its first.

The Africa Internet Group was founded in 2012 and is now the leading e-commerce group in Africa.

AIG made the headlines by becoming the continent’s first unicorn in February: there are just over 150 private startups that enjoy this status across the globe.

Earlier this week, AIG conquered another significant investor with French mobile powerhouse Orange investing $85 million. The interest garnered by AIG is a positive sign for startups. Now the question is: who’s going to be Africa’s next unicorn?

You can follow the Africa Internet Group on Twitter @Africa_IG