Hassanein Hiridjee’s AXIAN Group completes stake acquisition in Ivorian insurance startup
The acquisition, finalized in mid-July 2024, positions AXIAN as WiASSUR’s second-largest shareholder and grants the conglomerate a governance role.
The acquisition, finalized in mid-July 2024, positions AXIAN as WiASSUR’s second-largest shareholder and grants the conglomerate a governance role.
This acquisition follows AXIAN’s collaboration with GreenYellow a year ago, which brought a groundbreaking 1.8MW solar photovoltaic power plant to Madagascar’s Sava region.
Under Hiridjee, AXIAN Group has become Madagascar’s leading energy producer.
Hiridjee and his Axian Group have executed a few telecom deals in Africa in the last few years.
AXIAN Group is a pan-African conglomerate.
AXIAN Group is now recognized as Madagascar’s top energy producer.
As many as 45,000 households and businesses will be connected to the power grid.
AXIAN Group is a Malagasy-based pan-African conglomerate.
Hiridjee is one of Madagascar’s wealthiest and most powerful business leaders.
Aziz had a net worth of $900 million in 2015.
Axian group has grown to become Madagascar’s leading solar energy producer under the leadership of Hiridjee.
The deal fits perfectly with AXIAN Telecom’s ambitious growth plan.
Hiridjee said the transaction’s success reflects AXIAN Telecom’s resilient business model.
Following the deal, Eydon Petroleum’s operations will be integrated into Axian’s existing portfolio.