Mauritius‑based telecommunications and fintech group Axian Telecom is exploring a potential acquisition of African e-commerce leader Jumia Technologies AG, Reuters‐citing sources confirm. With a current market value around $500 million, Jumia is reportedly a target for a takeover bid backed by the $600 million Axian recently raised—primarily for debt refinancing and acquisition purposes businessoffashion.com. Ongoing discussions suggest … Continue reading Axian Eyes Acquisition of Jumia in Strategic Pan-African Play