OLX Shut Down All Operations in Nigeria, Ghana and Kenya

It is no longer news that Businesses in Nigeria are
operating under economic harsh condition and those businesses who couldn’t
survive packed up. Efritin, an online market place came with everything and
left with nothing last year, Konga has been bought and now… OLX has left the
building!

OLX, an online global market place with physical presence in
more than 40 countries, that gives everyone an opportunity to make money by
selling any old/new stuffs you don’t like or don’t want to use again has left
the building.
According to the original news we heard, Naspers (Multinational
media group and investor) has allegedly shut down 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.
Staff in these offices have been informed and are expected
to fully move out by the end of March 2018.
According to the CEO of OLX in Asia, Middle East and Africa
alleged that OLX has indeed been shut down in Nigeria but no mention of Kenya
and Ghana.

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.

Now we have only one online market place where you can buy
and sell old/new stuff for physical cash. How did Jiji.ng manage to survive
this economic harsh condition?
Note:
Naspers are investors in MultiChoice operators of the DStv and
GOtv satellite televisions  and the
recently acquired Konga.
Source:1,2
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21 thoughts on “OLX Shut Down All Operations in Nigeria, Ghana and Kenya

  1. Doing business in Nigeria is no longer easy. Being an entrepreneur is not easy at all. Just look at the type of critical decisions these guys have to make. Too bad a lot of people will become jobless.

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