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Nigerias Jiji Acquires Ghanas Tonaton

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Jiji, previously Tonaton known as OLX (after it acquired OLX in 2019) is officially the biggest marketplace for classifieds in Africa after this acquisition. According to a statement from Naspers, the deal enables OLX users in these nations to learn from Jiji’s market-leading products and services that have been ranked primary by Nigerian Android users for buying. So, Jiji could have a win right here now that its main competitor has come residence. “We proceed to behave as a long-term investor in Africa and are excited by the distinctive alternatives, this younger and dynamic continent has to supply. In the following two to 3 years we goal to be one of the prime 10 classifieds companies in the world by site visitors,” he said. Jumia, the loss-making e-commerce giant is all about to IPO in New York to scale companies and hurdles on the African continent.

The platform has raised a total of $24 million in funding over five rounds, with the latest being a $3 million Series C spherical in 2020. Jiji stated it'll try to make the transfer seamless and to supply a high-quality user expertise across all geographies. Honda dual sport motorbike goes for a cool value. Everything is working completely. All paperwork can be found.