AXIAN Telecom has acquired an 8% stake in Jumia Technologies, reaffirming confidence in the e-commerce platform’s fintech and logistics strengths. This strategic move aligns with AXIAN’s mission to promote digital and financial inclusion across Africa. Jumia is focused on core markets and growth verticals under new leadership, signaling a strong turnaround.
Axian Telecom acquires an 8% stake in Jumia, reaffirming support for Africa’s digital economy amid Jumia’s restructuring and market challenges. The move aligns with Axian’s mission to expand inclusive digital services through its Yas and Mixx by Yas brands.
AXIAN Telecom has filed a Schedule 13D SEC report confirming an 8% stake in JUMIA Technologies AG, underscoring its dedication to Africa’s digital transformation. The move supports growth in digital retail, fintech, and logistics innovation, aligning with AXIAN’s mission to provide inclusive digital services via Yas mobile and Mixx by Yas fintech.
