Axian Telecom is charging ahead with a bold vision for Africa’s digital transformation. The pan-African telecoms group has secured $600 million through a major bond issuance, signalling strong investor confidence despite ongoing global financial headwinds.
The funds raised via senior notes maturing in 2030 and priced with a 7.25% coupon will be directed toward two major goals: reducing existing debt and fuelling the next phase of infrastructure development across its nine operating markets, which include Madagascar, Tanzania, Togo, Uganda, the DRC, and Senegal.
CEO Hassan Jaber, who took the helm in 2024, sees the move as a financial and strategic milestone. “This deal reflects growing trust in African enterprises and our mission to build a digitally inclusive future,” he said.
Investor enthusiasm was clear—the bond was nearly three times oversubscribed. Given current global volatility, that’s no small feat, and it positions Axian as a standard-bearer for African telecom growth.
The raise follows recent expansions and consolidations. Axian has launched its unified Yas mobile brand and Mixx by Yas for fintech services, strengthening its consumer-facing ecosystem. It also made headlines with a quiet but significant 8% stake in e-commerce giant Jumia and the completion of an acquisition in Free Senegal. Earlier, the company led the $100 million buyout of Tigo Tanzania.
Axian’s operations span mobile, fixed-line, digital infrastructure, and mobile financial services—vital to closing Africa’s digital divide. Through its newly formed Axian Investment arm, it also aims to back local startups and tech ventures.
The transaction marks a pivotal moment with J.P. Morgan, Standard Bank, and Standard Chartered orchestrating the bond issuance and legal guidance from Latham & Watkins and White & Case. Axian isn’t just growing—it’s positioning itself as a cornerstone of Africa’s tech-powered future.
