OLX shuts down offices in Nigeria and Kenya

Foremost online marketplace, OLX has shut down its offices in Nigeria and Kenya, BitBox has learnt. It was gathered that harsh economic climate and low cash flow informed this decision which could affect over 100 of its employees.
According to a source, the company formally informed workers of the decision on Tuesday, February 6 through a notice of termination, which will commence in March, and will be followed by the management team in April.

The Public Relations and Communications Lead, OLX Nigeria, Uche Nwagboso who also confirmed this, said it was a difficult decision for the company even as it is geared towards consolidating OLX’ business operations in Nigeria.

“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,” Nwagboso said.

“We continue to be focused on constantly innovating to make sure that OLX remains the top classified 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,” she added

OLX is a classified ad platform that connects people in local communities to buy, sell or exchange used goods and services through their mobile phone or on the web.

OLX which operates in 45 countries was launched in Nigeria and Kenya in 2012, and boasts of an average of 54 million monthly listings of items for sale on its website.

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