The Dos And Donts Of E-business
The decision by online classified firm OLX to shut down its Nairobi office has sent shockwaves in the e-commerce fraternity in Kenya. OLX, a pioneer in e-commerce left suddenly having failed to get its hand on the billions of shillings that were transacted through its online marketplace. For OLX, it was like an investor who spends a fortune building and maintaining a market only for it to be invaded by a mob of traders who won’t pay even a cent for using the facility. The exit has left a dark cloud on the future of e-commerce in Kenya and Africa in general, bringing into question the flexibility of online trading and the degree to which it can be legitimized. Already, there are fears that investors will start developing cold feet, fearing that e-commerce in Africa is nothing but one big black hole. “If OLX pulls out, not many people are…