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Jumia Technologies shares rise 1.52% premarket after Axian Telecom acquires 8% stake.
ByAinvest
Thursday, Jun 5, 2025 5:47 am ET1min read
Jumia Technologies Ag rose 1.52% in premarket trading, with Axian Telecom acquiring an 8% stake in the company. This investment signals renewed investor interest in the struggling African eCommerce platform, which has faced declining revenues and market exits.
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