Australian SEEK Invests $20 Million in Nigerian One Africa Media

Seek Buys OAM

 

The Nigerian ICT sector has shown its strength this week! After JUMIA, enter One Africa Media.

The biggest classified ads platform in Africa, One Africa Media, has just received $20 million from the Australian job search platform SEEK.

The Australian company has invested $20 million in exchange for a 25% stake in the Nigerian company.

Whether the classified ads are for job offers, car sales or even apartment renting, One Africa Media is on it and is in fact the owner of many of the online marketplaces who offer the products and services featured in the classified ads. This explains SEEK‘s investment as the company would like the “exposure to early stage high growth African markets,” as it mentioned in a statement.

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