HomeBusinessJiji acquires Cars45 in undisclosed deal amount to build out autos section...

Jiji acquires Cars45 in undisclosed deal amount to build out autos section better

Jumia Black Friday Deals

It is not every day that we hear about a major acquisition in the Nigerian space. Thus, when the news hit that Jiji had completed the acquisition of Cars45, it was a welcome one to most of us.

For most of you reading this piece, you already know who both brands are and what they bring to the table.

Jiji has been a top classifieds provider in the Nigerian space for some time now. Connecting buyers and sellers, it has been estimated that the brand has over $10 billion worth of merchandise listed on it. of those, the bulk (more than $7 billion) is from real estate while about $3 billion is from automobiles.

Going by that, it is not too difficult to see why Cars45 is a nice acquisition for Jiji right now.

Likewise, the fact that Jiji has been plagued by a lot of trust and safety issues in the past means that they have to take a proactive approach to things. With this acquisition, they can improve their automobile section, cut out the middlemen and infuse a higher level of trust into the sales of cars on the platform.

Now that Cars45 has also been looking to consolidate its services in Nigeria, Kenya and Ghana, there is no better time for a bigger investor to come in.

In the coming weeks and months, we will start to see the changes that this acquisiton brings with it – and what that holds for the future.

Latest articles

Best Valentine’s Day Gifts Ideas

Looking for a great Valentine's Day gift for your loved one? You are in...

Best Web Hosting Services for Small Business in 2024

Your business's online presence is as vital as any physical storefront or office. The...

8 Reasons to Buy the Oppo Reno 11 5G

Are you in the market for a new smartphone? Look no further than the...

10 Key Features of the Tecno Spark 20 Pro Plus

Tecno has introduced the top of the line member of its latest Spark Series....

How to Open OPay Account for Seamless Banking

OPay is a leading mobile banking and payment platform that allows you to make...

SpaceX launches First Starlink Direct to Phone Satellites

SpaceX has announced the launch of its first set of direct to cell satellites...

How to Track a Cheating Spouse

Lacking trust in a relationship can lead to sleepless nights, restlessness, and worry. If...

More like this

Best Web Hosting Services for Small Business in 2024

Your business's online presence is as vital as any physical storefront or office. The...

Top Nigerian Banks Partner to launch New cNGN Stablecoin

With the Central Bank of Nigeria relaxing its restrictions on cryptocurrencies in the Nigerian...

Why you need Strong Digital Supply Chain Management

Digital transformation is crucial to the survival of any business today. And to truly...