Kalahari shuts Kenya, Nigeria ops
BUSINESS
| Oct. 26, 2011, 1:54 p.m.
Image: By BiztechAfrica
MIH Internet Holdings announced this week that it had closed down the Kalahari Kenya and Kalahari Nigeria operations with immediate effect, following a strategic review of its investment properties.
The online retail services in Kenya and Nigeria, under the Kalahari brand, were launched in October 2009 and January 2010 respectively.
According to MIH, the performance of the services had been below expectations since launch of the service and reaching profitability was not a reasonable near-term prospect. A decision was then made to focus efforts on other group businesses with in the region.
