AXIAN Telecom declares 8% stake in JUMIA

AXIAN Telecom has officially filed a Schedule 13D beneficial ownership report with the U.S. Securities and Exchange Commission (SEC), revealing that it now holds an 8.0% stake in JUMIA Technologies

The investment reflects AXIAN Telecom’s ongoing commitment to advancing Africa’s digital economy. By investing in enterprises like JUMIA, the company seeks to complement its mission of expanding accessible, inclusive, and innovative digital services across Africa—primarily through its Yas mobile services and Mixx by Yas fintech offerings.

Hassan Jaber, CEO of AXIAN Telecom, stated, “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.”

This move signals AXIAN Telecom’s belief in JUMIA’s potential as a key enabler of financial and economic inclusion through its e-commerce, payments, and logistics platforms.