From the recent happenings, it would seem that Ringier One Africa Media (ROAM) is strategically re-organising its portfolio in Africa.
The International media group Ringier joined forces with One Africa Media in May 2016 to bring all their African Classifieds assets under one roof – Ringier One Africa Media.
Now that the dust has settled, it would now seem ROAM is sifting through the assets to find out which ones are viable, potentially profitable and which markets they should be playing in.
The first asset to go was Private Property which has been acquired by Naspers’ Property24. Just last week, Techmoran reported that ROAM has shut down BrighterMonday Rwanda and Cheki Tanzania. Just yesterday, Techmoran also reported that ROAM was closing down Cheki Zimbabwe and Cheki Zambia at the end of the month. Wonder if Cheki Uganda may not join the fold. It would seem that the company only wants to keep its operations in three markets – Nigeria, Ghana and Kenya.
It also seems ROAM is only focusing on the vertical Classifieds platforms for now. It also has some horizontal assets like Zoom Tanzania and Pigiame Kenya.
