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MIH Internet Sub-Saharan Africa to close down Kalahari Kenya and Nigeria by Mocality Team

After a few days of speculation on twitter and the kenyan blogosphere, we would like to set the record straight that Mocality is definitely not closing down.

Here follows the official statement:

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

For any further details please contact info@mocality.com

This entry was posted on Tuesday, October 25th, 2011 at 6:56 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.