[NEWS] Consolidation in Africa as classifieds player Jiji acquires their main competitor OLX – Loganspace

As we saw from our most up-to-dateTechCrunch Battlefield in Africafinal year, the continent is producing bigger and greater tech avid gamers, and one can glance this in the consolidation in the market.

This dayJiji, undoubtedly one of the essential supreme marketplaces for classifieds in Africa, has obtained their indispensable competitor on the African market,OLX, and their businesses in Kenya, Ghana, Uganda and Tanzania.

The acquisition plan Jiji will now be in a plight to entry 300 million folks all the very best plan by 5 markets. Right here is something of a coup for an organization at the starting up from Ukraine, pulling off an acquisition in undoubtedly one of the essential sector’s final broad, reasonably untapped areas. The transaction is supported by undoubtedly one of Jiji’s main investors, Digital Spring Ventures.

Jiji is the supreme rated app in Nigerian e-commerce, with extra than six million queer though-provoking users and 50,000 educated sellers checklist extra than 1,000,000 items in a handy guide a rough increasing market of 200 million folks. It’s now aiming for 10 million users in the next couple of years.

Vladimir Mnogoletniy, co-founding father of Jiji, commented: “This partnership is pivotal to Jiji’s future industry mannequin and success, as it paves the style for constructing the continent’s largest Africa-based totally mostly categorized industry serving a market with a mixed inhabitants of over 300 million in one of the essential most sector’s fastest-increasing economies. We continue to act as a lengthy-duration of time investor in Africa and are indignant by the outstanding opportunities this younger and dynamic continent has to give. Within the next 2-3 years we purpose to be undoubtedly one of the essential head 10 classifieds businesses on the earth by traffic.”

Jiji’s indispensable competitors in Africa areJumiaandTonaton.