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Nigeria’s Largest Online Marketplace Jiji Buys OLX Business In 4 African Countries And Redirects Users In Nigeria!

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Jiji.ng – the largest classifieds marketplace in Nigeria – has reached an agreement to redirect OLX users in Nigeria to Jiji and to acquire OLX businesses in four other countries, building a leading pan-African classifieds business.

Jiji and OLX today 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.

Anton Volyansky, CEO and co-founder of Jiji 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”.

Yuliy Shenfeld, Jiji Nigeria’s country manager, 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.”

Sjoerd Nikkelen, General Manager of OLX in Africa, Middle East and Asia comments “We are proud of our achievements in Africa, including the sustainable businesses we have built in Nigeria, Ghana, Kenya, Tanzania, and Uganda. We continually evaluate our portfolio of classifieds businesses to ensure a disciplined approach to how and where we allocate capital and management time.

With our focus on accelerating the growth of other markets, now is an opportune time to sell our interests in these markets. We are pleased that Jiji will continue to provide the exceptional quality of products and services that the customers in these countries have come to know and enjoy from OLX.”

Following the 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. The Jiji team will strive to make the transfer seamless and to provide a high-quality user experience across all geographies.

In light of this expansion, Jiji is expanding its Sales team in Lagos. To apply, forward your CV to careers@jiji.ng with the subject ‘Sales Dream Job’.

About Jiji. Jiji is a leading classifieds marketplace in Africa. Starting from Nigeria, the company expanded to four new geographies in 2019. The consolidated audiences of Jiji and OLX will reach by end of the year a single user base of more than 10,000,000 monthly unique users.

Currently, more than a million ads are live on Jiji at any given time. In 2018, the Jiji app was #1 by downloads in the Shopping category for Android users in Nigeria, and it is currently the highest rated app in Nigerian e-commerce.

About OLX. OLX is part of OLX Group, a global tech company which operates a network of market-leading online classifieds platforms across five continents. OLX Group is a Naspers company, a global consumer internet group and one of the largest technology investors in the world. Around a fifth of the world’s population improve their daily lives by using the products and services from companies that Naspers operates and invests in.

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Man City Sign Ruben Dias For £64m

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Manchester City has announced the signing of Portuguese defender Ruben Dias from Benfica in a £64.3million move.

The 23-year-old who had his medical in Lisbon signed a six-year contract, which saw Nicolas Otamendi moved to Benfica for £13.7m as part of the deal.

‘I am a player that loves to win, a player for the team, for the fans, a player that loves this family spirit which I am feeling a lot since I have been here,’ Dias said.

‘I am an aggressive player and I love what I do. I love the game and without getting into too much detail, because it is something you will see when I start playing, the most important thing to say is I love to win and that is the thing you most need to know about me.

Manchester City announce ?64m signing of Ruben Dias from Benfica on a six-year deal?

‘I am expecting the Premier League to be the reason why I wanted to be a football player. To have that feeling when I am on the field, when my arms get goosebumps.

‘That is it, that feeling, you cannot even put it into words. For me, the Premier League means all of that and to be able to play in the Premier League at a top club like City, it doesn’t get much bigger than that.’

After failing to replace Vincent Kompany last year, City sporting director Txiki Begiristain revealed that the club are expecting Dias to take leadership responsibility.

‘Ruben is a player we have admired for some time and we have been impressed with how he has progressed at Benfica,’ Begiristain said.

Manchester City announce ?64m signing of Ruben Dias from Benfica on a six-year deal?

‘He has developed into a real leader and as a defender, he has all the attributes we are looking for. He is strong in the air, good in one v one situations and technically, he is very good, so we are confident he can thrive in our system.

‘He is young but has gained valuable experience at a big European club in Benfica and we’re really pleased we’ve been able to sign him. He is another talented addition to the squad and someone who is only going to get better working under Pep.’

Dias, who becomes City’s third signing of the summer following the arrivals of Nathan Ake and Ferran Torres, will wear the No 3 shirt.

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Data Emerges As Crucial Component Of Post-COVID-19 Oil Industry Recovery

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The ‘Leveraging the Power of Technology for Oilfield Optimization’ webinar was organized by Microsoft in partnership with Africa Oil & Power and the African Energy Chamber; Lower production costs are paramount to a revamped global oil sector with technology to spearhead cost reductions; The COVID-19 pandemic has accelerated technology adoption as an integral component of oil and gas projects.

During a webinar organized by Microsoft and Africa Oil & Power under the theme ‘Leveraging the Power of Technology for Oilfield Optimization’ on Tuesday, panelists examined how digital applications are capable of uniting real-time data with advanced analytics to improve decision-making and boost efficiency and sustainability. As oil and gas companies continue to face threats to efficiency, sustainability, and profitability, digitalization and optimization of oilfield assets have emerged as principal cost-cutting mechanisms in the wake of the COVID-19 era.

According to Vaseem Khan, Global VP Digital, Analytics and Innovation and Chief Innovation Officer, McDermott, Africa has the opportunity to leapfrog traditional oil and gas operations thanks to technology.

“Technology is an enabler for sub-Saharan Africa to become more competitive and become one of the most prominent producing areas globally,” he said.

Multi-Cloud Specialist at Microsoft, Dizando Norton, presented to the large virtual audience Microsoft’s initiatives to boost technology adoption in the oil and gas industry while lowering carbon emissions footprint in line with Paris Climate Agreement. “By 2030, Microsoft will be carbon negative, reducing emissions by more than half. By 2050, Microsoft will remove all the carbon the company has produced since its founding in 1975,” he noted.

Microsoft is collaborating with Chevron and Schlumberger to deploy optimized technology-based processes looking to accelerate data analyzing, thus triggering new exploration opportunities and speed up a time to first oil.

According to Norton, there are a number of transformative projects currently taking place in the eastern and southern Africa energy space. “These projects are supported namely by Microsoft’s enabling cloud services allowing customers to increase efficiency while reducing operational costs.”

Looking at the perceived high cost of entry to technology, Dr. Babajide Agunbiade, Business Development Director at National Oilwell Varco believes the long-term vision is a crucial aspect of technology deployment. “Customers need to move away from the short-term financial aspect and look at the entire lifecycle of the project which can have up to a 30-year lifespan.”

Vaseem Khan further stated that “technology is becoming cheaper and more accessible. The cost of deploying technology is now a minor expenditure in the project. Technology is the most efficient when looked at as an integral part of the project. Implementing a holistic vision will allow decision-makers to implement technology in a stable and rational way, with immense rewards down the way.”

Osama Hanna, WW Energy Industry Core Team / Industry Digital Strategist at Microsoft gave the example of a project he led with an industry stakeholder regarding good corrosion. Following a government regulation regarding good maintenance, Microsoft implemented a real-time monitoring solution to proactively detect corrosion, ultimately reducing corrosion by up to 46%, thus avoiding a potential “plug & abandon” down the road.

Finally, the panel touched upon the role of technology in a post-COVID environment. According to Vaseem Khan, “COVID-19 has acted as a technology accelerator. Technology adoption has dramatically increased during the pandemic. It has allowed many projects to continue or resume faster and has shown many operators than remote work is an efficient way to maintain operations while lowering costs. The new normal is to use technology in order to deliver projects efficiently, in a cheaper manner. Technology is not an option for the future, it’s necessary at the present.”

Dr. Agunbiade stressed the importance of lowering costs thanks to technology in a context of long-term lower demand for oil: “COVID-19 has brought peak oil closer. Demand for oil is set to decrease continuously from here. This situation stresses the importance of lower costs in all aspects of the petroleum business: material selection, improved research, and development, remote work. All these crucial topics can and must be supported by technology.”

On a final note, Osama Hanna highlighted efficiency as the central topic for the post-COVID era. “Looking forward, efficiency will be a key challenge for all operators in the petroleum space. The price of a barrel is decided by the market, but companies can have an impact on their operational expenditure by optimizing efficiency across the value chain, whether we speak about human resources, equipment, technology, and so on.”

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#Debates2020: Social Media Reacts After Trump And Joe Biden Engage In Chaotic And Messy Presidential Debate

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On Wednesday morning, September 30, US President Donald Trump faced Democratic challenger Joe Biden in the first election debates.

The debate took place in Ohio and was moderated by Fox News anchor, Chris Wallace.

During the feisty debates which saw attacks thrown between the two candidates, Trump claimed he paid millions in federal income taxes after a New York Times report alleged he paid just $750 as income tax in 2016 and 2017.

Trump also refused to condemn White Supremacists telling them to ‘stand down and stand by’ while Biden told him to ‘shut up’ when he was constantly interrupted by the president.

#Debates2020: Social media reacts after Trump and Joe Biden engage in chaotic and messy presidential debate

Trump also brought up drug addiction allegations against Biden’s son, Hunter, while Biden said he will accept the outcome of the election no matter the results.

Social media users of course reacted to the cagey animal-like debate which saw both candidates come for each other with Trump mostly ignoring time warnings set by host Chris Wallace.

See some reactions below.

#Debates2020: Social media reacts after Trump and Joe Biden engage in chaotic and messy presidential debate

#Debates2020: Social media reacts after Trump and Joe Biden engage in chaotic and messy presidential debate

#Debates2020: Social media reacts after Trump and Joe Biden engage in chaotic and messy presidential debate

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