Jumia names Axian Telecom founder to board as takeover talk intensifies
- Angela Mwanza resigned from Jumia’s Supervisory Board in June 2025.
- Axian Telecom filed a petition to appoint Hassanein Hiridjee to Jumia’s board in August 2025.
- Axian Telecom increased its stake in Jumia to 9.18%, becoming a significant investor.
The developments surrounding Axian Telecom's investment in Jumia signal a transformative moment for the company, potentially reshaping the competitive landscape of African e-commerce. However, the ambiguity regarding the nature of Axian's involvement raises questions about the strategic direction Jumia will take. It is crucial for stakeholders to monitor how this partnership evolves and impacts Jumia's operational strategies and market positioning.
