Nigeria’s classified and well-known marketplace, Jiji.ng has now acquired OLX business in Nigeria, Ghana, Kenya, Tanzania and Uganda. Pending certain regulatory approvals, all OLX users will be redirected to Jiji for there various market exchange.
With OLX now becoming a part of the Jiji family, Jiji will not only grow to huge amount of user base but also OLX users will benefit from its market – products and services.
Recall that in February 2018, OLX that was operating in more than 40 countries shut down all OLX offices in Africa except the one in South Africa.
Combining OLX’s reach with Jiji’s own proprietary search and delivery algorithms, will create a beneficial combination, giving users a radically streamlined experience and making the buying and selling process more convenient.
The company’s Chief Executive Officer and co-founder, Anton Volyansky, commented: “we extend the warmest welcome to OLX’s users to Jiji and look forward to transforming the online retail experience in Africa as the region continues to transform itself economically and technologically. Jiji aims to provide its customers with the safest, most secure and enjoyable online shopping experience possible.”
Jiji’s General Manager of OLX Africa, Sjoerd Nikkelen, also said: “We are proud of our achievements in Africa, and the sustainable businesses we have built in Nigeria, Ghana, Kenya, Tanzania, and Uganda. We continually evaluate our portfolio of classifieds businesses to ensure a disciplined approach to how and where we allocate capital and management time. With our focus on accelerating the growth of other markets, now is an opportune time to sell our interests in these markets. We are pleased that Jiji will continue to provide the exceptional quality of products and services that the customers in these countries have come to know and enjoy from OLX.”
Following closing of the transaction (which is expected to occur once certain regulatory approvals have been obtained), all users of the sell-and-buy classifieds websites of OLX Nigeria, OLX Ghana, OLX Kenya, OLX Tanzania, and OLX Uganda will be redirected to Jiji.