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Nigerias Jiji Acquires Ghanas Tonaton

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Jiji, previously Tonaton often known as OLX (after it acquired OLX in 2019) is formally the biggest market for classifieds in Africa after this acquisition. According to a press release from Naspers, the deal permits OLX users in these countries to learn from Jiji’s market-leading products and services which have been ranked number one by Nigerian Android customers for shopping. So, Jiji could have a win here now that its major competitor has come house. “We continue to behave as a long-term investor in Africa and are excited by the exceptional opportunities, this younger and dynamic continent has to offer. In the subsequent two to 3 years we aim to be one of many top 10 classifieds businesses on the planet by traffic,” he stated. Jumia, the loss-making e-commerce large is all about to IPO in New York to scale businesses and hurdles on the African continent.

The platform has raised a total of $24 million in funding over 5 rounds, with the most recent being a $3 million Series C spherical in 2020. Jiji stated it will attempt to make the switch seamless and to offer a high-quality consumer experience throughout all geographies. Honda twin sport bike goes for a cool value. Everything is working perfectly. All paperwork can be found.