One
of Africa’s leading online classified platforms, OLX, said the need to
consolidate international operations of the company led to the decision
to close its Nigeria office.
This information was disclosed
in a statement issued by the OLX Nigeria’s Public Relation and
Communication Lead, Uche Nwagboso in Lagos on Thursday, February 8,
2018. The company further added that its operation and services will be
active in the country.
The company’s statement reads: "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. We continue to be focused on
constantly innovating to make sure that OLX remains the top classifieds
platform in the country."
OLX was founded in 2006 by Alec
Oxenford and Fabrice Grinda to serve as an alternative to Craigslist.
The Nigeria office of the company was opened in 2012.
In 2014, a
South African media group, Naspers, bought a majority stake in the
company in 2010. At present, Naspers owns 95% of the business.
"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," the
statement added.
OLX currently operates in 45 countries across
the world including Nigeria, Kenya and South Africa. The company is
rated as the largest online classified ads company in India, Brazil and
Eastern European countries.
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