Consolidation in Africa as classifieds player Jiji acquires their main competitor OLX

TechCrunch | 4/4/2019 | Staff
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As we saw from our recent TechCrunch Battlefield in Africa last year, the continent is producing bigger and bigger tech players, and one can see this in the consolidation in the market.

Today Jiji, one of the largest marketplaces for classifieds in Africa, has acquired their main competitor on the African market, OLX, and their businesses in Kenya, Ghana, Uganda and Tanzania.

Acquisition - Jiji - Access - People - Markets

The acquisition means Jiji will now be able to access 300 million people across five markets. This is something of a coup for a company originally from Ukraine, pulling off an acquisition in one of the world’s last huge, relatively untapped regions. The transaction is supported by one of Jiji’s principal investors, Digital Spring Ventures.

Jiji is the highest rated app in Nigerian e-commerce, with more than six million unique active users and...
(Excerpt) Read more at: TechCrunch
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