SweepSouth, a South African cleaning services platform, announced that as from November 25, 2022, it would cease operations in Nigeria.
The corporation cited “unfavorable global macroeconomic growth” as the reason for its decision to exit Nigeria. Only a few months have passed since the corporation began operating in Nigeria before making the decision.
Until Friday, November 25, 2022, when it will close its Nigerian business, the company claimed it will continue to serve its Nigerian consumers.
The second South African business to announce its withdrawal from Nigeria in the past month is SweepSouth. Game Store revealed last month that it would leave the nation by December 25, 2022. SweepSouth stated in a notice to its Nigerian customers seen by Nairametrics that the choice was challenging.
“This has been a difficult decision to make considering our passion to serve the Nigerian market. We know this decision will negatively impact our SweepSouth Community and SweepStars.
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“Due to the unfavourable global macroeconomic environment, the home services industry continues to hit hard. This has meant that our business cannot sustainably operate due to economic pressures being faced at the moment.
“While we will no longer be operating in Nigeria, we will continue to keep abreast of activities in the Nigerian market and work towards a potential re-entry into the market at a later date,” the company said.
Remember how SweepSouth announced in September 2022 that it had raised $11 million in funding to further its pan-African expansion? Its brief activity in Nigeria began as a part of that expansion drive.
The business is still going strong in South Africa and Egypt, where it bought FilKhedma, an online marketplace for services related to housing maintenance and improvement, including carpentry, electrical work, air conditioning, painting, and appliance installation.
SweepSouth, a company founded in 2014 by Aisha Pandor and her husband Alen Ribic, receives 40,000 bookings each month across its three markets of South Africa, Kenya, and Egypt. It is backed by venture capitalists totaling over $15 million, including Alitheia IDF and the Michael and Susan Dell Foundation.