Multinational media group and investor Naspers 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.
OLX is a global classifieds platform, with physical presence in nearly 40 countries.
According to a report on Innovation Village, staff in these offices have been informed today and are expected to fully move out by the end of March 2018. The same report says OLX will still be present in these countries but will be run remotely and at press time, the Nigerian and Kenyan websites of OLX are still up and running.
Naspers are investors in MultiChoice — operators of the DStv and GOtv satellite televisions — and the recently acquired Konga.
Now the horizontal Classifieds market in Nigeria will now only be made up of one major player, Jiji.ng. Whao!!