Malagasy businessman Hassanein Hiridjee has been nominated to join Jumia Technologies AGs Supervisory Board after Axian, the company he leads, took a significant stake in the African e-commerce group. The filing with the U.S. Securities and Exchange Commission shows his appointment follows the departure of Angela Mwanza, managing director at Rockefeller Capital Management, from the board.
Axian, headquartered in Mauritius, first acquired an 8 percent holding in Jumia in June 2025 and later increased it to 9.97 percent, now valued at about 110 million. The investment not only strengthens Axians voice within Jumia but also comes amid reports that the group may be considering a full buyout . Earlier this year, Axian also raised 600 million through a bond issue to support its regional expansion, underscoring the companys broader ambitions.
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