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Nigerias Jiji Acquires Ghanas Tonaton

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Jiji, formerly Tonaton generally recognized as OLX (after it acquired OLX in 2019) is officially the largest marketplace for classifieds in Africa after this acquisition. According to a statement from Naspers, the deal allows OLX users in these international locations to benefit from Jiji’s market-leading services and products which were ranked primary by Nigerian Android customers for buying. So, Jiji might have a win here now that its main competitor has come house. “We continue to act as a long-term investor in Africa and are excited by the exceptional opportunities, this younger and dynamic continent has to offer. In the next two to 3 years we purpose to be one of the top 10 classifieds businesses on the earth by traffic,” he said. Jumia, the loss-making e-commerce large 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 newest being a $3 million Series C spherical in 2020. Jiji stated it's going to attempt to make the switch seamless and to offer a high-quality person experience throughout all geographies. Honda twin sport motorcycle is going for a cool worth. Everything is working completely. All paperwork are available.