Axian Telecom CEO joins Jumia’s Supervisory Board amid acquisition rumours
- Hassanein Hiridjee joins Jumia's Supervisory Board as Angela Mwanza resigns.
- Axian Telecom acquired an 8% stake in Jumia in June 2025, increasing to 9.18% valued at $52.5 million.
- Axian raised $600 million in bond funding to support its ambitions with Jumia.
The strategic involvement of Axian Group in Jumia's governance could be pivotal for the company's recovery, especially given the recent financial improvements. However, the long-term success will depend on Jumia's ability to maintain focus on core markets and effectively compete against rising rivals.
