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Nigerias Jiji Acquires Ghanas Tonaton

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Jiji, previously Tonaton generally identified as OLX (after it acquired OLX in 2019) is officially the biggest marketplace for classifieds in Africa after this acquisition. According to an announcement from Naspers, the deal allows OLX users in these international locations to benefit from Jiji’s market-leading services that have been ranked number one by Nigerian Android users for shopping. So, Jiji might have a win right here now that its main competitor has come house. “We proceed to behave as a long-term investor in Africa and are excited by the exceptional alternatives, this younger and dynamic continent has to offer. In the subsequent two to a few years we goal to be one of many prime 10 classifieds companies on the planet by traffic,” he mentioned. Jumia, the loss-making e-commerce big is all about to IPO in New York to scale companies and hurdles on the African continent.

The platform has raised a complete of $24 million in funding over 5 rounds, with the newest being a $3 million Series C round in 2020. Jiji said it will attempt to make the transfer seamless and to supply a high-quality person experience throughout all geographies. Honda twin sport bike is going for a cool value. Everything is working perfectly. All documents are available.