MIH Internet Africa, the digital arm of South African media giant, Naspers is reportedly shutting down its e-commerce business in Kenya and Nigeria.
According to the East-African technology news blog, TechMtaa, MIH Internet is rumoured to have sent out a notice of closure of Kalahari Kenya and Kalahari Nigeria to its respective employees last week.
Although the reasons of its closure are unknown, there are rumours that the Kalahari business in Kenya and Nigeria have not broken even, due to high operational and marketing costs.
It appears that Kalahari never made any profits in Kenya and Nigeria. It is also reported that advertising alone had cost the company about $50,000 for its Kenyan and Nigerian markets.
Kalahari Kenya and Kalahari Nigeria is reportedly not taking any orders on its site at the moment but hopes to finish the delivery of current orders.
A Techloy source said that the management would soon release an official statement.
MIH Internet and Kalahari were not available for comment at the time of writing this.
Image: MIH Internet Offices [by QuintonParker via: Flickriver]