Konga, Nigeria’s online mall, and Yudala, Africa’s pioneer composite e-commerce company, have officially announced a merger of their operations effect
Konga, Nigeria’s online mall, and Yudala, Africa’s pioneer composite e-commerce company, have officially announced a merger of their operations effective May 1, 2018. The merger will see both companies operate under the Konga brand name. The management of the two companies stated that the strategic business move would ensure that it becomes the biggest organised retail and e-commerce/marketplace outfit in Africa.
The new company will have 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. The merger came about when Zinox group earlier in the year acquired both Konga and Yudala. Zinox group is the parent company of Zinox group owned by businessman, Leo Stan Ekeh
With the merger, the business platform would include two distinct but fully integrated aspects of Konga Online, the e-commerce/marketplace platform and Konga Retail, the offline arm of the business. The management of the companies said that both would be supported by Konga Pay, a Central Bank of Nigeria-licensed mobile money platform, and Konga Express, a world-class logistics company with advanced delivery capabilities for internal and external customers.
The Chairman of 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.
