Two major ecommerce stores in Nigeria have merged operations under a single a single name Konga. The merger which will fully be effective as from May 1, 2018, will position Konga as the biggest online retail store/ecommerce platform in Africa.
The arrangement also means that Yudala will now be operating under Konga, in the process losing their name. The merger has two CEOs at the helm. With one CEO handling online operations while the other handles offline retailing.
Konga an online store recently acquired by Zinox will now be divided into main factions, the online retail department and the offline retail section. Each headed by a CEO.
The Chairman, Konga, Olusiji Ijogun, said, “Combining forces to power the new Konga will enable us to 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.
“Effective from May 1, Yudala will now operate under the name of 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 strengthen our position in the Nigerian retail market as we creatively position Konga as the first profitable e-commerce company in Africa.”
483 total views, 3 views today