Jumia Technologies (JMIA) has drawn takeover interest from Axian Telecom, people familiar with the matter told Bloomberg’s Loni Prinsloo. Axian, which offers telecommunications services in Africa, raised $600M this week to refinance its debt and help fund a possible takeover of Jumia, the biggest e-commerce company in Africa, the source are reported to have said. Jumia shares trading in New York jumped 17% and were halted for volatility following Bloomberg’s report.
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