Ringier Africa & One Africa Media enter into classifieds joint venture

Ringier Africa and One Africa Media (OAM) have agreed to merge their pan-African Classifieds assets to create and grow Africa’s largest classifieds group.

In the joint venture deal announced today, Ringier One Africa Media (ROAM) was officially launched – becoming Africa’s classifieds leader, comprising some of the continent’s leading homegrown brands, including OAM’s Jobberman, Brighter Monday, Cheki, BuyRent Kenya, PrivateProperty Nigeria and Ringier Africa’s Expat-Dakar, ZoomTanzania and PigiaMe.

Jointly, the existing shareholders of both companies have committed to continue to significantly invest into the JV to build out its market leadership.

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Press release (extract)

Ringier Africa and One Africa Media (OAM) have agreed to merge their pan-African Classifieds assets to create and grow Africa’s largest classifieds group. In the joint venture deal announced today, Ringier One Africa Media (ROAM) was officially launched – becoming Africa’s classifieds leader, comprising some of the continent’s leading homegrown brands, including OAM’s Jobberman, Brighter Monday, Cheki, BuyRent Kenya, PrivateProperty Nigeria and Ringier Africa’s Expat-Dakar, ZoomTanzania and PigiaMe. Jointly, the existing shareholders of both companies have committed to continue to significantly invest into the JV to build out its market leadership. READ FULL PR

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