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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 marketplace for classifieds in Africa after this acquisition. According to a statement from Naspers, the deal permits OLX customers in these international locations to profit from Jiji’s market-leading products and services that have been ranked number one by Nigerian Android users for shopping. So, Jiji could have a win here now that its major competitor has come house. “We proceed to act as a long-term investor in Africa and are excited by the distinctive opportunities, this young and dynamic continent has to supply. In the following two to three years we aim to be one of many top 10 classifieds companies on the earth by visitors,” he mentioned. Jumia, the loss-making e-commerce big 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 newest being a $3 million Series C round in 2020. Jiji mentioned it'll attempt to make the switch seamless and to supply a high-quality user experience throughout all geographies. Honda twin sport motorcycle is going for a cool price. Everything is working completely. All paperwork are available.