Wizkids of African Tech Space

The technology space is particularly notable for the amount of entrepreneurial activity it attracts. The current rise of new entrepreneurs in Africa’s tech industry is creating economic uplift and increased GDP and myriad of opportunities especially for the tech savvy youths. Famed business consultant Peter Drucker, defined an entrepreneur as someone who seeks change, responds […]

Securities and Exchange Commission Suspends Albert Okumagba from BGL Board

Business tycoon, Albert Okumagba has been sacked From BGL Board.The stocking firm is facing allegations of monumental fraud. Okumagba was suspended as head of management of BGL Securities Plc by the Securities and Exchange Commission (SEC) as part of its oversight function. The Commission has immediately appointed an Interim Management Board (IMB) for the company […]

Africa Billionaire, Jim Ovia sells Visafone to MTN

Africa Billionaire, Jim Ovia sells Visafone to MTN

By Niyi Tabiti Jim Ovia the Chairman of Zenith Bank just concluded a mouth watering business deal with MTN. Gistmaster.com gathered that the businessman just sold his telecom company,Visafone Nigeria to MTN. What this means is that the man is smiling to the bank with millions of dollars. Visafone also bought Multilinks in 2011 following […]

Court bars DSTV from Increasing subscription fees in Nigeria

Court bars DSTV from Increasing subscription fees in Nigeria

Federal High Court in Lagos, Nigeria has stopped MultiChoice from increasing paid subscriptions in Nigeria for now. The 20 per cent increase has been considered outrageous by most subscribers in Nigeria. Court says DSTV should relax the execution of the new price regime pending the determination of a suit brought before it.The case has been adjourned […]

Jumia Appoints Francis Dufay as head of Cote d’Ivoire subsidiary

Jumia Appoints Francis Dufay as head of Cote d’Ivoire subsidiary

The e-commerce leader in Africa formalizes the appointment of Francis DUFAY at the head of its subsidiary in Côte d’Ivoire. This announcement follows the appointment of Fatoumata BA with whom Francis DUFAY led JUMIA Côte d’Ivoire since April 2014, to the position of Managing Director at JUMIA Nigeria. Having arrived in April 2014 as Co-Managing […]

OLX Nigeria confirms acquisition of Tradestable

OLX Nigeria a classified online market place for used items has confirmed that it has bought platform of Tradestable and ready to expand its operations.

OLX Nigeria confirms acquisition of Tradestable

Existing and prospective users of OLX Nigeria, the leading free classifieds ad site,  now have access to a bigger and more diversified platform, following the  company’s acquisition of Tradestable, its closest competitor in Nigeria. A statement from OLX Nigeria reveals that, combining both platforms will make it  faster and easier than ever for users to trade and turn their items into cash.  The statement added that, the acquisition would also give consumers access to  more variety in products and services. Commenting on the acquisition, the Country Manager, OLX Nigeria, Lola Masha  stated that with the acquisition, users would be able to choose from a wider  selection of items and be more successful in selling their own items to a larger  audience of buyers. In her words, ‘‘At OLX Nigeria, we are committed to developing a high quality,  online market place for consumers wanting to buy and sell across multiple  categories including vehicles, mobile phones and electronics. “OLX is excited about the opportunity to provide an improved classified platform  with a broader product selection for buyers and sellers. We have a long­term  commitment to our Nigerian users and we warmly welcome Tradestable users to  OLX.’’ She also assured buyers and sellers who had been transacting business on the  Tradestable platform that, the acquisition would not only provide a wider and  larger audience of buyers and sellers, but would allow them to benefit from  product and customer service improvements on OLX.  She noted that in less than three years of its launch in Nigeria, OLX has become a  household name for consumer­to­consumer trade, where people can discover  buying and selling opportunities that can help them achieve success, earn a little  extra cash and get a good bargain.  OLX operates as a nation­wide online classifieds market place for used goods such  as cars, mobile phones, electronics, furniture, musical instruments, sporting goods,  kids and baby items, motorcycles, cameras, property and much more.

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