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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 enables OLX users in these nations to profit from Jiji’s market-leading products and services which have been ranked primary by Nigerian Android users for buying. So, Jiji could have a win right here now that its major competitor has come home. “We proceed to behave as a long-term investor in Africa and are excited by the exceptional alternatives, this young and dynamic continent has to offer. In the next two to a few years we aim to be one of many top 10 classifieds businesses on the earth 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 total of $24 million in funding over five rounds, with the newest being a $3 million Series C round in 2020. Jiji said it's going to attempt to make the transfer seamless and to offer a high-quality consumer expertise across all geographies. Honda twin sport motorbike goes for a cool value. Everything is working perfectly. All documents are available.