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Nigerias Jiji Acquires Ghanas Tonaton

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Jiji, formerly Tonaton generally known as OLX (after it acquired OLX in 2019) is officially the biggest market for classifieds in Africa after this acquisition. According to a statement from Naspers, the deal enables OLX users in these countries to learn from Jiji’s market-leading products and services which have been ranked primary by Nigerian Android customers for buying. So, Jiji might have a win right here now that its main competitor has come residence. “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 next two to 3 years we goal to be one of many prime 10 classifieds businesses 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 five rounds, with the most recent being a $3 million Series C spherical in 2020. Jiji mentioned it's going to attempt to make the switch seamless and to provide a high-quality consumer expertise throughout all geographies. Honda twin sport motorbike is going for a cool value. Everything is working completely. All paperwork are available.