AXIAN Telecom takes 8% stake in Jumia after Baillie Gifford exit

▤ Summary

AXIAN Telecom acquired an 8% stake in Jumia after Baillie Gifford exited the company. The investment shifts Jumia’s shareholder base toward a strategically aligned investor with telecom and fintech interests in Africa. AXIAN says Jumia’s retail, payments, and logistics assets fit its broader digital expansion strategy across the continent. The move comes as Jumia continues restructuring, narrowing losses, and working toward profitability.

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