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One Africa Media receives $20 million investment

Published by on Jun 27th, 2013, 1 Comment

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One Africa Media, the largest online classifieds group in Africa has received the attention of Australia’s largest recruitment portal, Seek.

With headquarters based in Melbourne, Seek has announced the investment of US$20 million into One Africa Media as part of its growing international presence that already includes China, Brazil, Mexico, Indonesia and Malaysia.

Launched in 2012 when Kenya-based Carey Eaton of Cheki Africa Media and South Africa-based Justin Clarke of Private Property Holdings merged their classified businesses, One Africa Media owns or operates a number of leading online portals including recruitment sites Jobberman (Nigeria) and Brighter Monday (Kenya), auto classifieds site Cheki (Kenya, Nigeria), Private Property (Nigeria, South Africa) and Safari Now (South Africa).

Jason Lenga, Managing Director of Seek International said of the investment that, “This investment is in early stage, market leading businesses that position One Africa Media to benefit from both the economic and structural growth in the region.”

One Africa Media plans to use the investment to further grow its portfolio and continue to re-invest to capture the large market opportunities across Africa in countries with rapidly growing internet and mobile penetration rates.

Source: GX Digital

Comments

  • starlovesoftware

    Way to go, Justin!

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