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JMIA
Jumia jumps after Bloomberg reports on Axian takeover interest
Jumia Technologies 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.