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24 october
MIH Internet Sub-Saharan Africa to close down
Kalahari Kenya and Nigeria
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 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.
24 October 2010
Cape Town
Contact details:
Stefan Magdalinski
GM, E-Commerce, Sub-Saharan Africa
MIH Internet
Email: Stefan@mihinternet.com
Comments
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joe joe 2011-11-01 10:56:29
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oceansms.com 2011-11-02 09:44:47
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Remi 2011-11-08 15:08:48
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