Joseph Inokotong, Abuja
Jiji and OLX have reached an agreement under which Jiji will acquire OLX businesses in Ghana, Kenya, Tanzania, and Uganda, pending certain regulatory approvals.
In the mega deal, OLX users in Nigeria will be redirected to Jiji.
In a statement, the Public Relations person of the organization, Yemi Kuti said “This is perhaps the biggest news to hit the Nigerian tech and IT industry in recent years and it’s one your readers are sure to find very interesting and exciting.
“Jiji and OLX today ‘Wednesday’ announced that both companies have reached an agreement under which Jiji will acquire OLX businesses in Ghana, Kenya, Tanzania, and Uganda, pending certain regulatory approvals, and OLX users in Nigeria will be redirected to Jiji.
“Joining Jiji’s family will allow OLX users in these countries to benefit from Jiji’s market-leading products and services.
OLX reach, combined 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.”
CEO and co-founder of Jiji, Anton Volyansky, commented: “Users will always come first for us.
We warmly welcome OLX’s customers to the Jiji family and we look forward to our new customers joining Jiji on its journey to empower the lives of its customers by providing a safer, more secure and enjoyable online shopping experience”.
Jiji Nigeria’s country manager, Yuliy Shenfeld, said “This acquisition is the next step to fulfill our promise in making the Nigerian economy thrive by helping each and every Nigerian take their business online.
So far, thanks to Jiji, more than 300,000 businesses have increased their sales and improved their family fortunes. This was made possible by millions of customers who placed their trust in Jiji for the best prices and the widest range of products and services.
In the wake of this transaction, the Jiji team of more than 500 people is excited to build a truly Pan-African classifieds empire with Nigeria being the epicenter.”