Zambia hints at fifth telco operator

A fifth telco
for Zambia?

Enough room says
industry regulator.

Friday, Feb 21st

OLX Kenya, Nigeria closure to impact market

OLX Kenya, Nigeria closure to impact market

Online marketplace OLX has closed its offices in Kenya and Nigeria as part of a global restructuring plan.

Confirming the development, CEO of OLX in Asia, Middle East and Africa (AMEA), Sjoerd Nikkelen, said "We made a difficult but important decision in Nigeria to consolidate our operations between some of our offices internationally.

OLX Nigeria had been in operation since 2012 but battled, and in 2016 rolled out revenue building services.

The company has effectively withdrawn its presence, although the platform remains in operation and will continue to be managed from South Africa.

In Kenya, OLX has approximately 30 employees who are likely to receive letters terminating their appointments next month.

However, it is local farmers who are expected to be hardest hit. Since 2016 they have continued to purchase agricultural inputs at 15% discount via Kilimo Smart OLX centres.

OLX's interim report for 6-month period ending September 31 2017 showed the company was doing well.

"Trading losses declined in several ecommerce units including classifieds and payments. The group's profitable e-commerce businesses delivered US$465m in revenues and US$170m in trading profits, growing these metrics by 50% (36%) and 55% (52%) respectively," the Group stated.

But industry experts are not surprised by the move and say Naspers regularly reviews its various portfolios.

ITWeb Africa recently reported the company had divested from, a Nigerian e-commerce company acquired by ICT conglomerate Zinox Group.

It had previously shut down Mocality Nigeria and Kenya in 2013, and WeChat in 2016.

Naspers' other portfolios Tencent,, and Flipkart are performing well.


What of Vodafone Ghana's economic future? Published on 12 February 2020

Transfer of control of the company to Vodacom Group reignites speculation over company's local listing.

ContinuitySA offers new ISO 27001 Lead Implementer training in Johannesburg Published on 20 February 2020

ContinuitySA has announced dates for a new PECB-Certified ISO/IEC 27001 Lead Implementer training for 2020.

Global blockchain alliance to support Africa's aviation parts industry Published on 18 February 2020

Stakeholders in Maintenance, Repair and Overhaul (MRO) chain to demonstrate how technology can be used to digitally manage parts.