OLX to Close Offices in Kenya and Nigeria

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OLX to Close Offices in Kenya and Nigeria

OLX, a leading e-commerce platform in Africa is planning to close its offices in both Kenya and Nigeria.

On February 6, 2018 OLX employees in the two countries were informed about the decision and their contracts will be terminated as from March 2018.

The reports in public domain have not provided data on the number of people to be affected by this decision. OLX has been struggling as a result of fierce competition in the online marketplace. The company  has been a popular platform in Kenya where people sell goods such as used motor vehicles, machines and even livestock.

After the plastic ban in Kenya, ‘non-plastic bags’ became the 3rd most searched term on OLX after cars and real estate. This happened immediately after the Ministry of Environment started effecting its ban on plastic bags.

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Geoffrey Kerosi is a prolific economics writer and an avid reader in economics, finance, business, politics and technology. He holds bachelors' Degree in Economics and Statistics from Kenyatta University. He has over 4 years of extensive experience working as a Policy researcher and Budget Analyst for Civil Society in Kenya. Contact: Email: geoffrey.kerosi@gmail.com Phone: +254 713 639 776 (Whats-app only) Twitter: @gkerosi

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