Multinational media group and investor Naspers has confirmed closing all OLX offices in Africa except the one in South Africa.
Operations in Ghana, Nigeria and Kenya are going to be affected by this announcement.
According to a report on Innovation Village, staff in these offices have been informed and are expected to fully move out by the end of March 2018.
The same report says OLX will still be present in these countries but will be run remotely.
- How Ogoni youths shutdown East-West Road over neglect of 675km highway
- Ending violent conflicts in Nigeria
- Nigeria’s $2.8bn AKK gas pipeline on course for delivery, NNPC assures
- IMF keeps Nigeria’s GDP growth forecast at 2.5% in 2021, 2.6% in 2022
- Nigeria’s capital importation down 32.4% to $875.6m on insecurity,…
However, the Nigerian and Kenyan websites of OLX are still up and running.
Naspers are investors in MultiChoice — operators of the DStv and GOtv satellite televisions — and the recently acquired Konga.
This move is a possible indicator that Naspers is slowly moving its investments away from Africa.
Sjoerd Nikkelen, CEO of OLX in Asia, Middle East and Africa talked with Techpoint over the company’s decision and he said that OLX has indeed shut down physical operations in Nigeria.
According to the report, he didn’t mention that of Kenya or Ghana.
He said, ” We made a difficult but important decision in Nigeria to consolidate our operations between some of our offices internationally.
“Our marketplace will continue to operate here — uninterrupted — as it has since 2010, and we remain committed to the many people here who use our platform to buy and sell every month. We continue to be focused on constantly innovating to make sure that OLX remains the top classifieds platform in the country.
“Of course, we are committed to helping our affected colleagues during this transition and have already offered them meaningful financial and other support. As we’ve expressed to them directly, we are extremely grateful for their many significant contributions to OLX’s success.”
OLX is a global classifieds platform, with a physical presence in nearly 40 countries.
Energy October 1, 2020