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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 largest marketplace for classifieds in Africa after this acquisition. According to a statement from Naspers, the deal enables OLX customers in these international locations to profit from Jiji’s market-leading services which were ranked primary by Nigerian Android users for purchasing. So, Jiji may have a win right 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 distinctive opportunities, this young and dynamic continent has to supply. In the following two to three years we goal to be one of the top 10 classifieds businesses in the world 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 five rounds, with the newest being a $3 million Series C spherical in 2020. Jiji stated it's going to strive to make the switch seamless and to offer a high-quality person experience throughout all geographies. Honda dual sport bike goes for a cool worth. Everything is working perfectly. All paperwork are available.