Jumia Draws Takeover Interest From Axian Telecom - TechCentral

Hassanein Hiridjee’s AXIAN eyes Jumia buyout

Key PointsAXIAN Telecom plans potential takeover of Jumia after increasing stake to 9.18%, valuing the e-commerce firm at $52.5 million.Jumia’s Q1 2025 orders rose 22%, with growth in Nigeria supporting AXIAN’s digital commerce expansion ambitions across Africa.AXIAN raised $600 million in bonds to refinance debt and possibly fund Jumia acquisition, boosting its pan-African telecom and fintech growth.AXIAN Telecom, the pan-African telecom group …

Axian plans to takeover Jumia

.errordiv { padding:10px; margin:10px; border: 1px solid #555555;color: #000000;background-color: #f8f8f8; width:500px; }#advanced_iframe {visibility:visible;opacity:1;vertical-align:top;}.ai-info-bottom-iframe { position: fixed; z-index: 10000; bottom:0; left: 0; margin: 0px; text-align: center; width: 100%; background-color: #ff9999; padding-left: 5px;padding-bottom: 5px; border-top: 1px solid #aaa } a.ai-bold {font-weight: bold;}#ai-layer-div…

After 8% stake, Axian reportedly targets full acquisition of Jumia

On Techpoint Digest, we discuss Mauritian telco's plan to acquire Jumia, how real people can power inclusion, and MTN's largest data centre in West Africa, located in Lagos.

Jumia draws takeover interest from Axian Telecom - TechCentral

Jumia Technologies has drawn takeover interest from Axian Telecom, people familiar with the matter said.

Axian Eyes Acquisition of Jumia in Strategic Pan-African Play - Innovation Village | Technology, Product Reviews, Business

Mauritius‑based telecommunications and fintech group Axian Telecom is exploring a potential acquisition of African e-commerce leader Jumia Technologies AG, Reuters‐citing sources confirm. With a current market value around $500 million, Jumia is reportedly a target for a takeover bid backed by the $600 million Axian recently raised—primarily for debt refinancing and acquisition purposes businessoffashion.com. Ongoing discussions suggest that Jum…