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Nigerias Jiji Acquires Ghanas Tonaton

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Jiji, formerly Tonaton often known as OLX (after it acquired OLX in 2019) is officially the biggest market for classifieds in Africa after this acquisition. According to an announcement from Naspers, the deal permits OLX customers in these countries to learn from Jiji’s market-leading products and services that have been ranked number one by Nigerian Android users for purchasing. So, Jiji may have a win right here now that its major competitor has come house. “We proceed to behave 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 3 years we goal to be one of the top 10 classifieds companies in the world by traffic,” he stated. 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 total of $24 million in funding over 5 rounds, with the newest being a $3 million Series C spherical in 2020. Jiji mentioned it will try to make the switch seamless and to provide a high-quality user expertise throughout all geographies. Honda twin sport bike is going for a cool price. Everything is working completely. All paperwork are available.