Classified marketplace in the country, Jiji.ng and OLX, have 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 its market- products and services.
It is expected that 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.
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.
Earlier in February 2018, OLX , an online global market place with physical presence in more than 40 countries, shut down all OLX offices in Africa except the one in South Africa. Efritin.com closed down in 2017, citing the high cost of doing business as reasons for the exit. Konga, in which Naspers is a major investor, also sold its business to Zinox Group in 2018.