A telecom company based in Mauritius focused on delivering inclusive telecom and fintech solutions across Africa.
AXIAN Telecom aims at East Africa in latest $63M Wananchi Group acquisition deal
AXIAN Telecom acquired Wananchi Group for $63 million to expand its broadband footprint in East Africa. The acquisition gives AXIAN a 99.63% stake in Wananchi Group Ltd.
Jumia stocks rise marginally as AXIAN Telecom takes 8% stake
Jumia's shares increased by 2% to $3.31 following AXIAN Telecom's acquisition of an 8% stake. AXIAN Telecom's investment has raised Jumia's market capitalization to $406.58 million.
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.
