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Nigerias Jiji Acquires Ghanas Tonaton

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Jiji, formerly Tonaton generally recognized as OLX (after it acquired OLX in 2019) is formally the most important marketplace for classifieds in Africa after this acquisition. According to a statement from Naspers, the deal enables OLX customers in these international locations to benefit from Jiji’s market-leading services and products which have been ranked primary by Nigerian Android users for shopping. So, Jiji may have a win right here now that its main competitor has come home. “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 next two to a few years we aim to be one of many prime 10 classifieds companies on the planet by traffic,” he said. Jumia, the loss-making e-commerce large 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 5 rounds, with the most recent being a $3 million Series C round in 2020. Jiji mentioned it's going to strive to make the switch seamless and to supply a high-quality user experience across all geographies. Honda dual sport bike is going for a cool price. Everything is working perfectly. All paperwork are available.