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Nigerias Jiji Acquires Ghanas Tonaton

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Jiji, previously Tonaton known as OLX (after it acquired OLX in 2019) is formally the biggest marketplace for classifieds in Africa after this acquisition. According to an announcement from Naspers, the deal permits OLX users in these international locations to learn from Jiji’s market-leading products and services which were ranked primary by Nigerian Android users for buying. So, Jiji could have a win right here now that its main competitor has come house. “We continue to behave as a long-term investor in Africa and are excited by the exceptional alternatives, this young and dynamic continent has to supply. In the subsequent two to a few years we goal to be one of many prime 10 classifieds businesses in the world by traffic,” he stated. Jumia, the loss-making e-commerce big 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 newest being a $3 million Series C spherical in 2020. Jiji said it's going to attempt to make the switch seamless and to offer a high-quality user experience across all geographies. Honda dual sport bike goes for a cool price. Everything is working perfectly. All documents are available.