OLX Officially Acquired By Jiji | Spurzine
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OLX Officially Bought By Jiji

Companies are making huge strides to expand their opportunities allover Africa and for those that missed out on the big news, OLX officially sold its business to one of Nigeria’s largest classifieds Jiji recently.

Naspers/MIH Africa recently signed an agreement with the largest classifieds marketplace in Nigeria-JiJi for the sale of its OLX businesses in Ghana, Kenya, Tanzania and Uganda to build a strong Pan-African Classifieds Marketplace.

The move is seen an opportunity to improve buyer and seller experiences by partnering with Walie Holdings Ltd. The sale happened in early June which saw OLX officially renamed to Jiji.

Walie Holdings Ltd. owns Jiji website, which offers a new experience giving users the ability to buy and sell products online. Those trying to access the OLX website a few weeks back noticed a redirect a new platform however, users were still be able to sign in and use their existing accounts.

All OLX user accounts (including your personal information), active advertisements were shifted to Walie Holdings Ltd on 14 June 2019.

Jiji boasts of impressive statistics in the Nigerian e-commerce marketplace with over 6 million active users and 50,000 sellers listing close to one million commodities in one of the fastest growing e-commerce marketplace.

OLX already closed its African operations and offices including Uganda and centralised them in South Africa at Naspers headquarter to fulfill it’s 2014 plan to exit the companies loss-making markets in Sub-Saharan Africa.

Source: Tech Jaja


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Author: Allan Bangirana

Allan Bangirana is a freelance writer for Newslibre & Spur Magazine. He is passionate about tech, games and occasionally writes about entertainment, lifestyle and so much more.


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