After 8% stake, Axian reportedly targets full acquisition of Jumia
- Axian Telecom is eyeing a full takeover of Jumia, with a financing of $600 million.
- Jumia's stock jumped 6-16% following the news of the potential acquisition.
- Uplift Nigeria is using community agents to promote financial inclusion in rural areas.
The potential acquisition of Jumia by Axian Telecom could significantly reshape the eCommerce landscape in Africa, especially in light of increasing competition from Chinese firms. Uplift's grassroots approach to financial inclusion is commendable and highlights the importance of local solutions in addressing systemic challenges. MTN's investment in data infrastructure is a strategic move that could bolster the tech ecosystem in Nigeria, but the long-term impact remains to be seen.
