Nigerias Jiji Acquires Ghanas Tonaton
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Jiji, previously Tonaton generally known as OLX (after it acquired OLX in 2019) is formally the most important market for classifieds in Africa after this acquisition. According to a press release from Naspers, the deal allows OLX users in these countries to profit from Jiji’s market-leading products and services which were ranked primary by Nigerian Android customers for purchasing. So, Jiji may 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 alternatives, this younger and dynamic continent has to supply. In the next two to 3 years we aim to be one of many high 10 classifieds businesses on the planet by visitors,” he stated. 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 latest being a $3 million Series C spherical in 2020. Jiji mentioned it will strive to make the switch seamless and to provide a high-quality person expertise across all geographies. Honda dual sport bike goes for a cool price. Everything is working completely. All documents are available.