OLX shuts down operations in Nigeria, Kenya

Success Damian:
OLX, Nigeria’s leading e-commerce platform has closed up operations in Nigeria and Kenya.
Information extracted from the Public Relations desk of the group confirmed the development just as Business Insider Sub Saharan Africa (BI SSA) also confirmed from several internal sources within both territories, the closure of its operations in the two Africa’s strongest e-commerce markets.
OLX, founded as an alternative to Craigslist and fully acquired by South Africa media giant Naspers in 2010 has been struggling to strike definable businesses in Kenya and Nigeria since it entered those markets in 2012.
According to sources, staff of the company in Nigeria and Kenya were formally informed of the decision on Tuesday with a notice of termination of employment beginning in March, followed by management team in April, just as it intends to focus on its strongest market in Africa which is South Africa.
It is not clear the number of staff that has been affected by the decision but in Kenya a lot of livestock and agro based clients of the platform will be disappointed with the platform being one of the main media of selling farm products as well as a large car selling base.


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