More operators quit $17b e-commerce sector
Concerns are mounting over rising cases of exits and divestments among operators in Nigeria’s $17 billion electronic commerce (e-commerce) sub-sector of the information...
Konga eyes $10 million daily turnover by 2024
Konga, eCommerce giant, has revealed that the business will hit the $10 million daily turnover mark by 2024. To realise the target, Konga has disclosed that the growth trajectory and overall operational efficiency backed
Preparing Nigeria for Africa’s $75b eCommerce revolution
Africa is on the rise. From entertainment to agriculture, Africa is boldly expressing its identity and productivity in a brave new world.
Konga claims 800% growth
Composite electronic commerce platform, Konga, has set sights on the path of profitability after achieving an increase in turnover by over 800 per cent, and a huge reduction in losses over the past 18 months of acquisition.
Konga diversifies, eyes acquisition of pharmacy chain
After a successful launch of Konga Travel, a revolutionary omni-channel travel booking agency, the management of Konga, Africa’s e-Commerce giant has confirmed plans to launch an integrated but cost-effective health project across Nigeria to better serve the served, unserved and under-served with genuine drugs promptly through the acquisition of a pharmacy chain. Negotiations are believed…
Jumia becomes first African firm to list shares on New York Stock Exchange
Konga targets London Exchange, NYSE by 2020 PAN-African e-commerce platform, Jumia Technologies has officially announced its listing on the New York Stock Exchange. The listing on the NYSE happened yesterday in New York, USA, with shares beginning trading at $14.50 under ticker symbol JMIA. By the listing, Jumia became the first startup from Africa to list…
Konga eyes other English-speaking West African countries
Konga, Nigeria’s foremost retail giant, could soon enter into other English-speaking West African countries as it moves to stamp its authority in e-Commerce space. Nick Imudia, co-chief executive officer, Konga Group, who dropped the hint recently, said that Konga is more than just an e-Commerce company and has grown more than 750 per cent since…
Jumia, Konga seek $4.7 billion, $3.2 billion from IPOs
Jumia and Konga, two major players in the eCommerce market are creating visible excitement in the space with eye-catching listing of their shares on the international market.
Don wants tech startups to emulate Konga model
A former Vice-Chancellor of the University of Lagos, Prof. Oye Ibidapo-Obe, has advised tech startups to emulate the new Konga. He gave this charge at the weekend in Lagos, during an engagement with budding entrepreneurs, business owners and other Ph.D. students in Lagos. According to Ibidapo-Obe, Konga has sprung a surprise in the last six…