E-commerce firm OLX has closed down its office in Kenya in a move that has affected over 200 employees.
“We made a difficult but important decision in Kenya and Nigeria to consolidate our operations between some of our offices internationally,” said OLX Country Manager Peter Ndiang’ui.
However, the selling and buying of goods on its online platform will not be affected by the restructuring. “Our marketplace will continue to operate in Kenya and Nigeria – uninterrupted – as it has since 2010,” explained Ndiangui.
OLX became popular among Kenyans as a free marketplace that enabled uninhibited buying and selling of anything, from an old black-and-white TV to the latest iPhone.
“We remain committed to the millions of Kenyans 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 Kenya,” the statement by OLX went on.
Reports say that OLX employees will begin receiving termination letters in March.