The online global market place has admitted to struggling to stay afloat in the two countries since 2012 when it made its debut.
The company, acquired by South Africa’s Naspers in 2010, will start terminating its staff in March, followed by the management team in April.
“OLX has made a difficult but important decision in Kenya and Nigeria to consolidate operations between some of our offices internationally,” OLX Kenya manager Peter Ndiang’ui told Business Today.
Do you have a story you want told? Do you know of a sensitive story you would like us to get our hands on? Email your news TIPS to firstname.lastname@example.org