AXIAN Telecom Expands African Digital Portfolio with Minority Stake in JUMIA
Such investments complement AXIAN Telecom’s core mission of delivering accessible, innovative, and inclusive digital services across the continent, mainly via its Yas (mobile) and Mixx by Yas (fintech) brands.
AXIAN Telecom has today filed a beneficial ownership report on Schedule 13D with the U.S. Securities and Exchange Commission (SEC) declaring its aggregate beneficial ownership of 8.0% in JUMIA Technologies AG .
AXIAN Telecom remains committed to supporting the development of Africa’s digital economy, including through investments in companies like JUMIA. Such investments complement AXIAN Telecom’s core mission of delivering accessible, innovative, and inclusive digital services across the continent, mainly via its Yas (mobile) and Mixx by Yas (fintech) brands.
“AXIAN Telecom’s management is supportive of JUMIA’s strategic vision, and we look forward to contributing positively to its growth and success where we can. We believe JUMIA’s achievements in digital retail infrastructure and fintech through JumiaPay, as well as its logistics strengths, place it in a position to promote financial and economic inclusion for the communities which it serves. This unique position makes JUMIA a very attractive investment for AXIAN Telecom, and one which is aligned with our core values.”
–Hassan Jaber, CEO, AXIAN Telecom
