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…sets his eyes on the African continent
The desire to built the largest online platform to advance E-commerce across Africa has seen the Zinox Group led by Imo state born Information Communication Technology(ICT) entrepreneur,Leo Stan-Ekeh buy over Konga,an Online mall adjudged biggest in Nigeria, recently.
According to information made available,the Konga in line with her strategic business drive towards building and tapping into the growing e-commerce trade has merged KOnga with Yudala,African’s pioneer composite e-commerce company to become the biggest organized retail and e-commerce/market place outfit on the black continent.
The group informs that with the business merger, takeing effect from Tuesday May 1st 2018,the Yudala brand name would be subsumned by KOnga as a brand name for the operation.
The strategic decision will see both companies leverage the combined strengths of both platforms and is expected to further broaden the scope of organized retail and e-commerce in Nigeria and deliver more value to customers and merchants.
“Combining forces to power the new Konga will enable us effectively achieve our goals of platform expansion and accelerated growth, as we embark on an ambitious journey to redefine the retail ecosystem with the industry’s most advanced technology,” disclosed Konga Chairman, Olusiji Ijogun.
“Effective from May 1st, Yudala will now operate under the name KONGA, with dual CEOs in the persons of Nick Imudia who will be in charge of online among others and Prince Nnamdi Ekeh who will be responsible for offline. This merger will further strengthen our position in the Nigerian retail market as we creatively position Konga as the first profitable e-commerce company in Africa.
“The efficiency of Konga’s cutting-edge online platform, access to thousands of merchants and Yudala’s expansive network of fully stocked offline stores is poised to give our customers the best shopping experience imaginable. We will be working closely with all our combined clients, customers, merchants and employees to make the integration process as seamless as possible and thereafter make public our road map to sustain our leadership on the continent,” said Konga Chairman.
The benefits of the new business is the possibility for prospective shoppers to order online, pay and pick-up the product(s) at the nearest Konga offline store with greater satisfaction.
“We are very excited about the operational merger between Yudala and Konga into the new Konga,” noted Prince Ekeh. “A merger of this magnitude has never been experienced in Africa. We will be leveraging on Konga’s strong technology backbone and online experience as well as Yudala’s offline experience, network of retail stores and operational efficiency. In the near future, we plan to have a Konga store in every local government area in Nigeria. While this is ambitious, we believe that every Nigerian deserves the right to have access to the full range of genuine products offered by Konga,” Prince Ekeh declared.
Speaking on the new development in the e-commerce company Imudia said, “We believe this operational merger between Konga and Yudala will bring immense opportunities for consumers in the e-commerce space. We urge all shoppers, consumers, merchants and clients to stay tuned as we unveil the massive ambitious contents we have to offer.”
The Konga Business platform will now include two distinct but fully integrated aspects including Konga Online, the e-commerce/marketplace platform and Konga Retail, the offline arm of the business.
The online business will be supported by Konga Pay, a CBN-licensed mobile money platform and Konga Express, a world-class logistics company having advanced delivery capabilities for internal and external customers.