Naspers’ Careers24 has announced that it is closing down its operations in Nigeria effective 1 March 2019. Known as one of the leading job portals in Nigeria, the company opened shop in 2014.
Though it has been rumoured for quite some time, the news was confirmed in an official announcement by the company in an statement emailed to Business Insider Sub-Sahara Africa today.
According to Ishmet Davidson, CEO of Media24, “Like any other business, we regularly review our portfolio of print and digital brands, products and services – some flourish, others battle. Thus the decision to close Careers24 Nigeria, which unfortunately hasn’t managed to gain the expected traction in that market.”
Davidson emphasises that this will have no impact on Careers24’s operations in South Africa, which has shown considerable growth over the past year and is establishing itself as one of the leading job portals in the country.
Marc Privett, Head of Careers24, said they will continue to service existing clients and honour all current commitments in Nigeria until the closure.
“We are following due process and have already consulted with the people affected in our Nigerian office.”
This closure follows the same route as most of the Naspers’ internet businesses outside South Africa. Early last year, the company shut down OLX offices in Sub-Saharan Africa including Nigeria.
I wonder whether what will happen to Naspers’ last internet business Bounce in Nigeria. Only time will tell.
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