The Zinox group has acquired one in every of the leading e-commerce giant in Nigeria, Konga.
In a report by ThisDay, the acquisition had been approved by the Securities and Exchange Commission (SEC).
Zinox group, an integrated information Communication Technology (ICT) solutions conglomerate and Original Equipment Manufacturer (OEM), confirmed the acquisition.
The acquisition was confirmed by the top of company Communications, Zinox group, Gideon Ayogu.
Ayogu said: “We have continually had an interest in Konga and another massive one you know very well however our priority was Konga initial because of her integrated nature of 4 quality companies in one.
Konga could be a first, professionally-run company whose landmark strides within the sector has gone a protracted manner in ushering several Nigerians into the convenience and convenience of online looking and boosting the conduct of e-commerce within the country.”
Continuing, Ayogu said: “Today, several Nigerians will attribute their initial expertise of e-commerce to Konga.com and that we are excited to be a region of this outstanding story.
“Many shoppers may attest to the speed and potency in delivery that characterizes Kos-Express, the company’s provision arm, that is arguably the most effective within the sector at the moment.
“Our ambition is to up the tempo by revolutionizing e-commerce on the African continent, with Konga at the forefront of this initiative. additionally to positioning the business on a path of profitableness within the short term, our future plans area unit centered around seeing Konga well established in different African capitals.
“Furthermore, we are going to be unveiling lots of recent initiatives presently and that we advise shoppers and merchants alike to seem out for these innovations which can radically reshape the common client expertise of e-commerce in Nigeria and on the continent.”
There area unit speculations that the acquisition of Konga by Zinox, could lead on to the mixing of Konga and Yudala, that is in hand by Ekeh’s son, to wade off competition and build it one in every of biggest e-Commerce firms in Africa.
Zinox cluster, it absolutely was more reportable, that is one in every of Africa’s biggest technology group would assume possession of the e-commerce platform, Konga.com, that remains one in every of the largest players within the sector; KOS-Express, the world class logistics arm of the business and KongaPay, the company’s integrated mobile cash payment channel with over 100,000 subscribers.