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MOBOFREE MARKETPLACE LAGOS OFFICE TAKES OFF

MoboFree.com, the number 1 social marketplace in Nigeria and Africa is set to launch its local presence in Lagos, Nigeria as registered members in Nigeria grow significantly on a daily basis.

With over 3 million registered users, including 2.2 million in Nigeria and a strong footprint in Zimbabwe, Uganda and Ghana, MoboFree.com is among the largest and most successful mobile social and trusted classifieds platforms in Africa. MoboFree combines a social network and board of classifieds to create a platform where buyers and sellers can meet, place their ads, negotiate and make transactions safely and totally for free.

The MoboFree technological platform makes buying and selling online easy for any user with any device, not only for PCs and smartphones but also for old phones with small screens (so called “feature” phones).

Cristobal Alonso, Co-founder and Chairman of the board of MoboFree, says “We are excited to be able to provide on-ground support to our growing customer base in Nigeria and and to create locally adapted & customised opportunities that will deliver and exceed desired returns.”

A few months ago the Company reported that Nigerians are selling unused items worth USD 526 million on MoboFree.com and shared expectations that the total volume of items for sale in its marketplace will likely reach USD 1.5 billion by 2015. In view of this poitential, establishing a local presence in Lagos is a natural next step in order to ensure more effective operations and achieve our targets.

MoboFree.com (http://www.mobofree.com) is a leading African social marketplace allowing people to buy, sell and swap products and services with other trusted people. MoboFree.com combines a social network and classifieds board into one integrated online platform and makes buying and selling online more fun, personal and safe.

Over 3.3 million users are registered on MoboFree and together they generate on average around 60 million page impressions monthly. More than 2 million registered users are from Nigeria.

MoboFree currently has more than 3 million registered users, with more than 2 million users in Nigeria and a leading position in several other African countries such as Uganda and Zimbabwe. MoboFree users generate on average around 60 million page impressions monthly and upload thousands of new classifieds daily. The project sees ~3000 new registered members added every day.

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