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.
