Naspers focuses effort on classifieds in Africa

Posted by on Oct 25, 2011 in Africa, World news releases

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Published October 25, 2011

Press release – On 24 October 2011 MIH Internet (Sub-Saharan Africa) advised that, following a strategic review of its investment priorities, it will be closing down the Kalahari Kenya and Kalahari Nigeria operations with immediate effect.

MIH launched online retail services in Kenya and Nigeria under the Kalahari brand in October 2009 and January 2010, respectively. This was pioneering work which carried considerable risk. As the performance of the service has been below expectation since launch and reaching profitability was not a reasonable near-term prospect, a decision was made to refocus efforts on other group businesses within the region. Specifically, our Dealfish and Mocality sites will continue to operate.

Contact details:

Stefan Magdalinski
, GM, E-Commerce, Sub-Saharan Africa MIH Internet

Written by AIMGroup