Morocco Mubawab Acquires Jumia House Real Estate Portal in Maghreb
Mubawab, of the Emerging Markets Property Group (EMPG), announces in a press release, on June 18, the acquisition of the real estate portal of Jumia House in Morocco, Tunisia and Algeria, extending its activities in the Maghreb region .
“We believe in the potential of real estate portals in Africa, and we have built a formidable platform across Morocco, Tunisia and Algeria to seize this opportunity, and we are confident that Mubawab will be able to sustain the success that Jumia House has had in these markets. “says Sacha Poignonnec, co-founder and co-CEO of Jumia in the release.
Through this acquisition, Mubawab consolidates its position as the first real estate site in the region and enjoys access to the most promising real estate markets in the Maghreb, with more than 90 million people, according to a statement from the real estate portal.