Dude, it’s now confirmed. One Africa Media (OAM) group has finally confirmed in a statement to us that it has acquired 100% stake in Jobberman and BrighterMonday.
This deal makes co-founders Ayodeji Adewunmi, Opeyemi Awoyemi and Olalekan Olude shareholders and Directors in One Africa Media. The trio will still act in their current roles as CEO and Senior Vice Presidents respectively but will also operate at the group level bringing their experience and expertise to bear in other OAM-owned businesses through a shares roll-up deal.
Ayodeji Adewunmi said in the statement, “We started Jobberman with the vision of being the No. 1 destination for jobs in Africa; a mission we continue to work toward. With the additional funding provided by OAM, and the new group designations, we are better poised to achieving this goal and also growing other sister companies of Jobberman in the OAM group. We can now go on to conquer Africa and keep a firm grip on Nigeria which is Africa’s most populous nation and largest economy.”
This development comes after SEEK bought a 6% stake in OAM at $10m which puts its stake in OAM at 30 per cent and OAM is now valued at $167m. Jobberman and BrighterMonday are OAM’s job’s verticals but the group also owns Cheki, Private Property, and Buyrentkenya, SafariNow and StayNow.
OAM has a presence in Nigeria, Kenya, South Africa, Ghana, Uganda, Tanzania and Zimbabwe.