Konga rolls out fantastic deals to mark its 6th year anniversary
In line with efforts to commemorate its numerous outstanding strides and innovations in the Nigerian e-commerce eco-system in the past six years of operations, Konga is celebrating customers with a mega promotion tagged “The Big 6.” The week-long promotion, scheduled to run from Monday July 23rd till the end of the month, would see millions […]
Dream merchants in uncertain times
By Patrick O. Okigbo III. ————————————– I had just settled into the metal chair in the departure lounge at Nnamdi Azikiwe International Airport, Abuja when I saw him walk in. Having recently watched his 2017 TEDx Euston Talk titled, “Who Will Own Our Future Unicorns”, I was excited to engage him on his bullishness about […]
High data, operating cost challenge e-commerce growth in Nigeria
E-commerce popularly referred to as the fourth industrial revolution, the age driven by the digital space, which includes online business, transactions, activities, and interactions is challenged in Nigeria by a myriad of issues including ease of doing business, infrastructure deficit, culminating in high data and operating cost. The e-commerce success story of Amazon has inspired […]
Nigeria’s e-commerce sector struggles amid hope to survive
The week has not been favourable for the Nigerian e-commerce sector, which has much evident potential but facing substantial difficulties. Konga, one of the country’s flagship e-commerce companies, was acquired by local tech firm Zinox, which is now set to be merged with Yudala, another Zinox’s e-commerce platform . Acquisitions are usually signs of having […]
Zinox set to reposition e-commerce in Nigeria, acquires Konga for leverage
Zinox Group, an integrated information communication technology (ICT) solutions conglomerate and original equipment manufacturer (OEM), has concluded the acquisition of e-commerce giant, Konga in a move that is expected to raise the profile of e-commerce in the country, Leo Stan Ekeh, chairman of Zin ox Group has confirmed to Business.a.m Ekeh who spoke top Business.a.m […]
Alibaba beats Amazon to biggest e-commerce company, as Nigeria’s online retailers poised for growth
After 831 days, Alibaba Group Holding Limited Tuesday regained the title of the world’s biggest e-commerce company. The Chinese retailer beat Amazon.com Incorporated on an intraday basis as the United States of America retail giant’s stock continued to waiver after second-quarter earnings missed estimates and the merchant forecast a possible operating loss for the third quarter. Alibaba, […]
Nigeria’s e-commerce market to peak $50bn in a decade as expansion seen beyond retail transactions
Though the retail segment has largely driven the Nigeria’s ecommerce market, financial experts see exponential growth of the $13 billion current market value to over $50 billion in a decade on expansion beyond retail merchandising to including wholesale high-end products like property, auto and professional services. “E-commerce platforms are now expanding beyond online shopping malls […]
Jumia, Konga, Jiji main drivers of Nigeria’s $13bn e-commerce growth
Jumia, Konga and Jiji, three Nigerian e-commerce champions, have been identified in a new report by London based Economist Intelligence Unit (EIU), as leading the African charge to boost the continent’s growth of online, technology based retail business on the continent. The report, which highlights countries and metro regions in Africa with the biggest potential […]
Nigeria in pole position to benefit from $75bn e-commerce driven African market opportunity – Report
Nigeria, Africa’s economy by gross domestic products and its most populous, sits in pole position among the continent’s countries to benefit from an emerging but technology driven e-commerce market estimated to be worth between $50 billion and $75 billion, a report by the London-based Economist Intelligence Unit (EIU) and by Businessamlive has shown. The report […]