Home » Malagasy businessman Hassanein Hiridjee’s AXIAN launches new investment unit

Malagasy businessman Hassanein Hiridjee’s AXIAN launches new investment unit

by Mfonobong Nsehe
Hassanein Hiridjee

AXIAN Group, a pan-African conglomerate led by Malagasy businessman Hassanein Hiridjee, is poised to expand its investment portfolio with the launch of a private equity and venture capital fund, as it moves to direct investments in emerging technology startups across the continent.

The move which will birth the launch of AXIAN Investment will be a crucial step in consolidating the Hiridjee-led group’s wide-ranging investment activities under a single brand, bolstering the group’s position as a top investor in the region.

AXIAN Investment is mandated to manage both the wider group’s investments in venture capital and private equity funds, which include reputable names such as Partech Africa, Disruptech, Amethis, African Development Partners, Actis Energie, Emerging Capital Partners, and Adenia.

The launch of the investment outfit is a testament to the group’s dedication to empowering entrepreneurs and promoting inclusive economic development in Africa.

By leveraging its vast experience and resources, AXIAN Group can further expand its positive impact through a diverse yet harmonized portfolio of investments.

According to Hassane Muhieddine, CEO of AXIAN Financial Services, one of AXIAN Group’s operating subsidiaries, AXIAN Investment will provide strategic opportunities for investment in private equity and venture capital. This will enable businesses to generate more value and contribute to economic growth in various African countries.

He emphasized that, with a strong presence in 28 African countries through both direct and indirect operations in 77 businesses, the AXIAN Group is well-positioned to utilize its extensive reach and emerge as a top-tier pan-African investor.

Headquartered in Madagascar, AXIAN Group is a pan-African conglomerate with active operations in the real estate, telecommunications, finance, and energy sectors in ten countries spanning the Indian Ocean and the African continent.

Under the leadership of Hiridjee, the group has achieved tremendous growth and is now recognized as Madagascar’s top energy producer.

With a commitment to socio-economic progress in the countries it operates in, AXIAN Group is working to bring clean and affordable energy to households and businesses in Madagascar through its renewable energy division.

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