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Nigerias Jiji Acquires Ghanas Tonaton
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Jiji, previously Tonaton generally known as OLX (after it acquired OLX in 2019) is officially the most important market for classifieds in Africa after this acquisition. According to an announcement from Naspers, the deal permits OLX users in these nations to learn from Jiji’s market-leading products and services that have been ranked primary by Nigerian Android customers for purchasing. So, Jiji might have a win right here now that its main competitor has come residence. “We continue to act as a long-term investor in Africa and are excited by the distinctive opportunities, this younger and dynamic continent has to supply. In the subsequent two to 3 years we aim to be one of many top 10 classifieds businesses in the world by visitors,” he said. 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 five rounds, with the most recent being a $3 million Series C round in 2020. Jiji said it's going to try to make the switch seamless and to offer a high-quality person experience throughout all geographies. Honda dual sport bike is going for a cool value. Everything is working perfectly. All documents are available.