The Angola-based online classifieds company Tech Africa has launched a new real estate vertical in Mozambique.
Named Casa Mozambique, the new portal is aiming to become the market leader in a country where economic recovery is beginning to gain momentum, with a growth rate of 4.1% in 2022. Mozambique had an internet penetration rate of 23% last year and in a press release, Tech Africa expressed high hopes for the market.
Casa Mozambique will be competing with the likes of South African-owned Property24 and Portuguese-owned Casa Sapo.
Founded in 2015, Tech Africa is the venture-backed owner and operator of leading Angolan real estate vertical AngoCasa as well as the AngoCarro autos vertical and several other classifieds sites in the country.
Having acquired its main competitor, Jumia Angola in 2017, the company had been looking for new opportunities with the fellow Portuguese-speaking nation of Mozambique presenting a logical target.
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