SCHEDULE 13D/A: Axian Telecom Increases Stake in Jumia Technologies to Over 9% Through Recent Share Purchases

Axian Telecom, along with its affiliates, has increased its beneficial ownership in Jumia Technologies AG to 9.18% through recent acquisitions of American Depositary Shares.

Summary

• Axian Telecom, Axian Telecom Holding and Management PLC, and Hassanein Hiridjee collectively beneficially own 22,491,512 Ordinary Shares of Jumia Technologies AG.
• This ownership represents approximately 9.18% of Jumia's Ordinary Shares outstanding, calculated based on 244,925,650 Ordinary Shares outstanding as of December 31, 2024.
• The reporting persons primarily own American Depositary Shares (ADSs), with each ADS representing two Ordinary Shares, totaling 11,245,756 ADSs.
• Axian Telecom financed these acquisitions using its cash reserves.
• Recent purchases by Axian Telecom include 871,778 Ordinary Shares on June 9, 2025, at a weighted average price of $1.7016 per share.
• An additional 1,110,746 Ordinary Shares were purchased on June 10, 2025, at $1.6978 per share.
• A further 800,000 Ordinary Shares were acquired on June 11, 2025, at $1.7616 per share.
• Axian Telecom Holding and Management Limited has converted to a Public Company under the name Axian Telecom Holding Management PLC.

Sentiment

Score: 7

Explanation: The document reports a significant increase in beneficial ownership by a strategic investor, which is generally perceived as a positive signal of confidence in the company's value and future prospects, although it is a factual disclosure rather than a performance report.

Positives

• A significant increase in beneficial ownership by a major strategic investor like Axian Telecom could signal confidence in Jumia's long-term prospects and strategic direction.
• The acquisition of a substantial stake (9.18%) by Axian Telecom may be viewed positively by the market, potentially indicating future collaboration or strategic alignment in the African digital economy.

Risks

• The document does not explicitly detail specific risks related to Jumia Technologies AG's operations or financial health. It is a disclosure of beneficial ownership.

Future Outlook

This filing is a disclosure of past acquisition activities and beneficial ownership, and does not contain forward-looking statements or guidance from Jumia Technologies AG or the reporting persons regarding Jumia's future performance or strategic outlook.

Industry Context

Axian Telecom is a pan-African telecommunications group, while Jumia Technologies AG is a leading e-commerce platform operating across Africa. Axian's increased stake in Jumia could signify a strategic interest in the burgeoning African digital economy, potentially exploring synergies between telecommunications infrastructure and e-commerce growth on the continent. This aligns with broader trends of convergence between digital services and connectivity providers in emerging markets.

Stakeholder Impact

• Shareholders: Increased institutional ownership by Axian Telecom may enhance investor confidence and potentially influence future strategic decisions or market perception.
• Jumia Management: The presence of a significant new shareholder could lead to increased engagement or influence from Axian Telecom regarding Jumia's strategic direction.

Key Dates

Keywords

Jumia Technologies AG, Axian Telecom, Schedule 13D, Beneficial Ownership, ADS, Ordinary Shares, E-commerce, Africa, Stake Acquisition, SEC Filing