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in BUSINESS

OLX Shuts Down Operations In Kenya And Nigeria, To Terminate Staff Starting March

by Eva Nyambura February 7, 2018, 11:11 AM 2 Comments

OLX has shut down its operations in Kenya and Nigeria.

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.

Read: NTV, KTN News Back On Air, Citizen And Inooro TV Await Their Fate

“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.

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