Axian Telecom completed an investment in JUMIA Technologies.

Axian Telecom, an investment holding company primarily in entities operating in the telecommunications services, ICT infrastructure and mobile money services, completed an investment in JUMIA Technologies, a pan-African e-commerce platform. Financial terms were not disclosed. "AXIAN Telecom’s management is supportive of JUMIA’s strategic vision, and we look forward to contributing positively to its growth and success where we can. We believe JUMIA’s achievements in digital retail infrastructure and fintech through JumiaPay, as well as its logistics strengths, place it in a position to promote financial and economic inclusion for the communities which it serves. This unique position makes JUMIA a very attractive investment for AXIAN Telecom, and one which is aligned with our core values," Hassan Jaber, AXIAN Telecom CEO.