👨🏿‍🚀TC Daily — AXIAN takes a bite of Jumia It has been a week since Baillie Gifford, Jumia’s largest investor, dumped the rest of its shares. In a new development, the e-commerce giant just got a fresh shot of confidence. AXIAN Telecom, a pan-African telco with operations in nine countries, has acquired an 8% minority stake in Jumia. AXIAN claims to see value in JumiaPay (Jumia’s fintech subsidiary), its logistics network, and growing influence in Africa’s digital retail space. That’s not nothing, especially when most headlines around Jumia lately have been about cost-cutting, decline in revenues, and questions about whether it can survive the arrival of deep-pocketed global players like Temu and Shein. Sign up and read TC Daily 👉 https://techcabal.com/2025/06/03/techcabal-daily-axian-takes-a-bite-of-jumia/?utm_source=Whatsapp&utm_medium=Organic+&utm_id=TechCabal+whatsapp