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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 permits OLX customers in these countries to learn from Jiji’s market-leading products and services which have been ranked number one by Nigerian Android customers for shopping. So, Jiji may have a win right here now that its major competitor has come home. “We continue 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 subsequent two to a few years we aim to be one of the prime 10 classifieds companies on the planet by visitors,” 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 complete of $24 million in funding over 5 rounds, with the newest being a $3 million Series C spherical in 2020. Jiji stated it's going to strive to make the switch seamless and to offer a high-quality person expertise throughout all geographies. Honda twin sport bike is going for a cool worth. Everything is working perfectly. All documents are available.