AXIAN Telecom takes 8% stake in Jumia days after Baillie Gifford fully exits
- AXIAN Telecom acquires an 8% minority stake in Jumia, reshaping its investor landscape.
- Baillie Gifford, Jumia's largest institutional investor, completed its exit just days before AXIAN's investment.
- AXIAN's investment aims to bolster its digital portfolio across Africa, aligning with its mission for digital inclusion.
The strategic investment by AXIAN Telecom in Jumia represents a significant shift towards operationally aligned partnerships in the e-commerce sector. This could potentially stabilize Jumia's financial outlook and enhance its competitive edge in the rapidly evolving African digital landscape. However, the volatility of Jumia's stock and the recent exit of major investors raise questions about long-term investor confidence.
