Kalahari Kenya, Kalahari Nigeria closes down
MIH Internet Holdings Ltd, on Monday 24 October 2011, announced that it has 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 by MIH.
According to a release issued by MIH, the performance of the service has been below expectations since the 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.
