AXIAN Telecom, a leading player in Africa’s digital services sector, has announced an 8% beneficial ownership stake in JUMIA Technologies AG. The company formally disclosed this holding through a Schedule 13D filing with the U.S. Securities and Exchange Commission (SEC).
This strategic investment aligns closely with AXIAN Telecom’s ongoing mission to deliver accessible, innovative, and inclusive digital services across the African continent. AXIAN primarily operates through its Yas mobile brand and Mixx by Yas fintech platform, both designed to broaden digital access and financial inclusion across diverse markets.
Hassan Jaber, CEO of AXIAN Telecom, expressed strong support for JUMIA’s strategic direction, emphasizing the shared vision between the two companies. “We are committed to contributing positively to JUMIA’s growth and success wherever possible,” said Jaber. “JUMIA’s leadership in digital retail infrastructure, its fintech innovations through JumiaPay, and robust logistics capabilities position it uniquely to drive financial and economic inclusion in the communities it serves.”
He further noted that JUMIA’s unique market position makes it a highly attractive investment for AXIAN Telecom, one that perfectly aligns with the company’s core values and long-term goals. By partnering with JUMIA, AXIAN aims to support the expansion of digital retail and fintech solutions while bolstering the broader digital economy in Africa.
This investment complements AXIAN Telecom’s broader strategy to foster technological innovation and improve digital connectivity and financial services for millions across the continent. Through Yas and Mixx by Yas, AXIAN continues to advance mobile telecommunications and fintech adoption, empowering communities and enhancing economic opportunities.
With this significant stake in JUMIA Technologies, AXIAN Telecom strengthens its foothold in Africa’s rapidly evolving digital landscape and signals its commitment to supporting sustainable digital growth and inclusion across the region.
