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Nigerias Jiji Acquires Ghanas Tonaton

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Jiji, formerly Tonaton known as OLX (after it acquired OLX in 2019) is officially the biggest market for classifieds in Africa after this acquisition. According to a statement from Naspers, the deal permits OLX customers in these nations to profit from Jiji’s market-leading services which were ranked primary by Nigerian Android customers for buying. So, Jiji might have a win here now that its major competitor has come house. “We proceed to behave as a long-term investor in Africa and are excited by the distinctive opportunities, this younger and dynamic continent has to offer. In the subsequent two to a few years we aim to be one of the high 10 classifieds companies in the world by traffic,” he mentioned. 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 latest being a $3 million Series C round in 2020. Jiji said it will try to make the switch seamless and to provide a high-quality person experience across all geographies. Honda dual sport motorbike goes for a cool price. Everything is working completely. All paperwork can be found.