The Inside Story: The Madagascar Billionaire Quietly Buying His Way Into Jumia — Inside Hassanein Hiridjee’s Axian Empire
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Most people have never heard of Hassanein Hiridjee, and that is rather the point. From a family business in Madagascar, he has quietly built Axian into one of Africa’s largest telecoms and energy groups, and is now positioning around Jumia, the continent’s biggest online retailer.
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African Wealth Briefing — Thurs., Aug. 13, 2026
Christo Wiese, who built Africa’s largest retailer, says Pick n Pay fell behind for one reason: it paid dividends instead of reinvesting. And MSC, the world’s biggest shipping line, has committed to a 45-year, billion-dollar terminal at Maher Jarmakani’s private Lagos port.
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Madagascar billionaire Hassanein Hiridjee joins IFC in Jumia’s $50 million capital raise
Hassanein Hiridjee’s Axian has backed Jumia’s $50 million raise alongside the World Bank’s IFC, as the e-commerce group narrows its losses.
Crédito: Link de origem