Africa

Gumtree introduces Motofinn service for private auto trading

EBay-owned Gumtree, South Africa’s largest general classifieds platform, entered into an official partnership with Motofinn Solutions to bring auto buyers and sellers a safer, hassle-free way to transact via the platform. Motofinn Solutions is a web-based service that facilitates vehicle transactions between individuals who wish to sell and buy vehicles privately. “Gumtree’s automotive...

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Kupatana to use FDV’s money mostly for marketing

Last week Frontier Digital Ventures (FDV) invested an undisclosed amount in Kupatana.com, an online classifieds business active in Tanzania, Uganda, Rwanda and Burundi. (Our initial report here). Robin Eklund, Kupatana’s chief technology officer, told AIM Group… This content is available to Classified Intelligence Report clients. Want to know more about becoming a...

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Gumtree SA launches price-checker for phones

Gumtree South Africa, part of the EBay Classifieds Group, launched a used mobile phone price-checker that collects data from the site to demonstrate how much different brands and models of used mobile phones are sold for. The tool enables users to not only sell their old phones, but also to determine which phones consumers can afford to buy. The phone price-checker is the third such tool...

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One Africa Media acquires 100% of Jobberman

One Africa Media (OAM) pushed up its ownership share in Jobberman, Nigeria’s No. 1 recruitment website, to 100 percent and made the founders of Jobberman, Ayodeji Adewunmi, Opeyemi Awoyemi and Olalekan Olude, shareholders and directors of OAM. This comes after Australian-based Seek – the world’s largest online marketplace by market capitalization – injected an additional $10 million U.S....

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Seek increases its stake in One Africa Media

Seek, the world’s largest online jobs marketplace by market capitalization, increased its stake in One Africa Media (OAM), one of Africa’s biggest classifieds players, to 30 percent from 24 percent. It invested $10 million U.S. for the additional 6 percent and a second representative on the OAM board… This content is available to Classified Intelligence Report clients. Want to know...

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WeChat Africa invests in micro-job site M4JAM

Andre Hugo, CEO of South Africa’s micro-jobs platform M4JAM (Money for Jam), said the investment announced last week by instant messenger WeChat Africa in M4JAM will help the site realize its global ambitions. WeChat Africa is a joint venture between Naspers and China’s Tencent. “We are in the process of prioritizing the countries that we plan to launch in next, but we need to...

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