Jiji Acquires OLX in Nigeria and in 4 other African countries
Jiji, Nigeria’s foremost online marketplace has just acquired OLX Nigeria and four other African countries in Which they operate in. These include OLX Ghana, OLX Kenya, OLX Tanzania and OLX Uganda. All of OLX marketplace will now be merged with Jiji’s marketplace and will allow buyers and sellers on OLX take advantage and benefit from Jiji.
According to Jiji, once the deal has been concluded and everything finalised, all of OLX classified websites will be redirected to Jiji However, as at the time of writing this OLX Nigeria is still up and running without no redirection to Jiji.
Still, it is no news that OLX is making this deal as they earlier closed their business in Nigeria leading to their workers being laid off but still maintain their online marketplace, perhaps waiting for the Opportunity which has arrived to also sell off the marketplace. Nonetheless, it is a good way for Jiji, a popular and fast-growing online marketplace to spread across to other African countries while also reaching more buyers and sellers in the country.
This isn’t the first time something like this is happening, Jumia also acquired Kaymu.com.ng a while ago which strengthen their reach in Nigeria. Now, while this comes from so many sources, OLX is still up and running and until it starts redirecting to Jiji, you should take this with a pinch of salt.