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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 largest market for classifieds in Africa after this acquisition. According to an announcement from Naspers, the deal permits OLX customers in these nations to benefit from Jiji’s market-leading services and products which have been ranked number one by Nigerian Android customers for shopping. So, Jiji might have a win right 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 following two to 3 years we goal to be one of the high 10 classifieds businesses in the world by visitors,” he mentioned. Jumia, the loss-making e-commerce giant 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 mentioned it will attempt to make the switch seamless and to offer a high-quality user expertise across all geographies. Honda twin sport motorbike is going for a cool worth. Everything is working completely. All documents can be found.