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Nigerias Jiji Acquires Ghanas Tonaton

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Jiji, formerly Tonaton often known as OLX (after it acquired OLX in 2019) is formally the most important marketplace for classifieds in Africa after this acquisition. According to a statement from Naspers, the deal allows OLX users in these countries to benefit from Jiji’s market-leading services and products which have been ranked primary by Nigerian Android customers for buying. So, Jiji may have a win right here now that its major competitor has come home. “We proceed to act as a long-term investor in Africa and are excited by the distinctive opportunities, this young and dynamic continent has to supply. In the following two to 3 years we purpose to be one of the top 10 classifieds companies in the world by traffic,” he mentioned. Jumia, the loss-making e-commerce giant is all about to IPO in New York to scale businesses and hurdles on the African continent.

The platform has raised a complete of $24 million in funding over five rounds, with the most recent being a $3 million Series C round in 2020. Jiji stated it's going to strive to make the transfer seamless and to offer a high-quality person experience across all geographies. Honda dual sport motorcycle is going for a cool worth. Everything is working perfectly. All documents can be found.