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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 market for classifieds in Africa after this acquisition. According to a press release from Naspers, the deal allows OLX customers in these countries to learn from Jiji’s market-leading products and services which have been ranked number one by Nigerian Android customers for purchasing. So, Jiji might have a win here now that its main competitor has come home. “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 offer. In the following two to a few years we goal to be one of the top 10 classifieds businesses 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 5 rounds, with the latest being a $3 million Series C round in 2020. Jiji said it'll try to make the switch seamless and to supply a high-quality person expertise throughout all geographies. Honda twin sport motorbike is going for a cool value. Everything is working completely. All documents are available.