Online ads firm OLX to shut down physical office in Kenya, Nigeria
OLX country manager Peter Ndiangui speaks at the Intercontinental Hotel in Nairobi on April 25, 2017 during the launch of a new service by OLX. FILE PHOTO | NMG
The online classifieds firm, however, says it will still be offering its services in the country.
The firm is owned by OLX BV, which is registered in the Netherlands and is operational in more than 40 countries.
South Africa’s Naspers Group owns OLX BV.
Online classifieds site OLX has confirmed plans to shut down its physical office in Kenya.
The online marketplace however said it will still offer its services in the country.
“We made a difficult but important decision in Kenya and Nigeria to consolidate our operations between some of our offices internationally,” OLX said in a statement Wednesday.
Operations in Nigeria are also going to be affected by the restructuring, it said.
“Our marketplace will continue to operate in Kenya and Nigeria - uninterrupted - as it has since 2010,” it added.
The firm did not provide specific reasons for the move, only citing need for consolidation.
The firm is owned by OLX BV, which is registered in the Netherlands and is operational in more than 40 countries.
Last year, telecommunications firm Safaricom #ticker:SCOM established an online sales platform in a move that was expected to roil Kenya’s fast-growing e-commerce market.
