Nigerias Jiji Acquires Ghanas Tonaton
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Jiji, formerly Tonaton known as OLX (after it acquired OLX in 2019) is formally the biggest marketplace for classifieds in Africa after this acquisition. According to an announcement from Naspers, the deal enables OLX users in these international locations to learn from Jiji’s market-leading services which have been ranked number one by Nigerian Android customers for buying. So, Jiji may have a win here now that its major competitor has come home. “We continue to act as a long-term investor in Africa and are excited by the distinctive alternatives, this younger and dynamic continent has to offer. In the following two to 3 years we aim to be one of the top 10 classifieds businesses in the world by visitors,” he stated. 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 latest being a $3 million Series C spherical in 2020. Jiji said it's going to attempt to make the transfer seamless and to offer a high-quality person experience throughout all geographies. Honda twin sport motorcycle is going for a cool price. Everything is working perfectly. All documents can be found.