Axian Telecom acquired an 8% stake in Jumia Technologies AG for an undisclosed amount, as announced on June 4, 2025. This investment signals renewed investor interest in the African e-commerce platform.
Axian Telecom, which operates in nine African countries and serves over 40 million customers, stated that the investment aligns with its broader strategy to accelerate Africa’s digital transformation and support technology-driven growth.
This strategic backing from a telecommunications group enhances Jumia's credibility and validates its disciplined, efficiency-focused strategy. It provides a potential floor for the stock and could lead to future collaborations leveraging Axian's extensive network.
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