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Nigerias Jiji Acquires Ghanas Tonaton
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Jiji, formerly Tonaton generally identified as OLX (after it acquired OLX in 2019) is officially the largest market for classifieds in Africa after this acquisition. According to an announcement from Naspers, the deal allows OLX customers in these international locations to benefit from Jiji’s market-leading services and products which have been ranked primary by Nigerian Android users for buying. So, Jiji could have a win here now that its major competitor has come residence. “We continue to behave as a long-term investor in Africa and are excited by the exceptional opportunities, this young and dynamic continent has to supply. In the subsequent two to a few years we aim to be one of the high 10 classifieds businesses on the earth by site visitors,” he stated. Jumia, the loss-making e-commerce giant is all about to IPO in New York to scale companies and hurdles on the African continent.
The platform has raised a total of $24 million in funding over 5 rounds, with the latest being a $3 million Series C spherical in 2020. Jiji said it will strive to make the transfer seamless and to offer a high-quality user expertise throughout all geographies. Honda dual sport motorcycle goes for a cool price. Everything is working completely. All documents are available.
