E-Commerce website OLX has indicated it will leave Kenya next Month. The Company made the announcement this week after its management made a decision following months of losses.
The company will also close business in Nigeria, where it has failed to make significant inroads.
Following the decision, the company will issue termination letters to more than 300 of its employees.
We are informed stiff competition from Jumia and Masoko is the reason OLX’s business model has not thrived in Kenya.Jumia is currently dominating online business with over 10 million monthly visitors.