Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Axian Telecom considers fully acquiring e-commerce giant Jumia to strengthen its pan-African presence, with a focus on expanding fintech services through JumiaPay and boosting financial inclusion across the continent.
AXIAN Telecom priced $600 million Senior Notes with a 7.250% coupon, securing strong investor demand to refinance debt and expand digital infrastructure in Africa. The bond underscores confidence in AXIAN’s growth strategy and commitment to sustainable, inclusive digital transformation across the continent.
Axian Telecom has issued a $600 million bond to finance the expansion and modernization of its telecom infrastructure across Africa. This capital injection aims to enhance connectivity through new fiber optics, 4G/5G network rollouts, and upgrades. The move demonstrates investor confidence and supports the continent’s digital inclusion goals, with expected positive impacts on various sectors and economic growth.
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.