eCommerce Firm Konga Website Down

Image

By Adedapo Adesanya

The website of top online commerce firm, Konga, is down and according to a notice to visitors on Wednesday, the platform is undergoing scheduled maintenance.

The company said it is upgrading its page to offer a better experience to customers, and to drive an improved platform that will further increase its value chain.

“We are undergoing a bit of scheduled maintenance. Sorry for the inconvenience. We will be back up and running as fast as possible,” the company said on its website when Business Post checked at the time of filing this report.

However, the mobile app of the company was up and running when this newspaper checked, allowing users to make their orders through the platform.

Business Post had reported earlier this year that Konga was targeting a $10 million daily turnover mark within the next four years and this latest development could mean that the company is actively chasing the goal.

Konga is a Nigeria-based eCommerce platform owned by Zinox Group, and Kilimall operates across Kenya, Uganda and Nigeria. Konga’s marketplace allows traditional offline retailers to sell their products via digital channels. Sellers deliver their products to a Konga drop-off centre, and Konga then manages the logistics. Konga offers affiliate marketing and comparison-shopping capabilities.

Founded in 2012 by Mr Sim Shagaya, the company raised a $3.5 million seed round from Investment AB Kinnevik and was able to broaden its scope to all of Nigeria from Lagos where it primarily existed.  Over the years, it continued to expand but in 2017, trouble brewed and some of its staff were laid off while some of its services were suspended.

In 2018, Nigerian based Zinox Group acquired Konga and merged it alongside Yudala an eCommerce company under the Group. The deal saw the new owner take over stakes including its eCommerce domain, Konga.com, KOS Express which is its logistics arm, and KongaPay, the integrated mobile money payment channel.

Share
More Stories
Image
11-May-2023

Zoho Launches Ulaa Web Browser to Protect Against User Tracking

By Modupe Gbadeyanka A privacy-centric browser known as Ulaa, built specifically to help users secure their personal data and activity by providing a browser solution that universally blocks tracking and website surveillance, has been launched by a global technology company, Zoho. Zoho disclosed that the newly-launched web browser’s name originates from the Tamil language and connotes the beginning of a journey into a secured browsing experience, as Ulaa, which is free and has desktop, iOS and Android versions, was developed to protect against tracking and surveillance and is rooted in three areas. “Not many browsers on the market today are

Image
08-August-2016

Amazon Begins First Prime Air Cargo Plane

Leading ecommerce company in the world, Amazon, has launched its first branded prime air cargo plane. The US-based organisation unveiled the air cargo during Seafair’s Air Show in Seattle, its headquarters. “Creating an air transportation network is expanding our capacity to ensure great delivery speeds for our Prime members for years to come,” Amazon senior vice-president of worldwide operations Dave Clark said in a press release. The Boeing 767-300, operated by Amazon’s air cargo provider Atlas Air, has been christened Amazon One and its tail number is made up of a prime number. Speaking further on the new venture, Clark

Image
09-March-2021

How Goods Are Packaged at Jumia Before Delivery

Online shopping has redefined the way we make purchases with shopping and payment done through the internet. In most cases, the only time the customer has a human interface is with the delivery agent when packages are delivered. However, a lot of manpower and activities go behind the scene to ensure orders are properly processed and items delivered in good condition. A tour led by Adetunji Lanase, Country Manager Jumia Nigeria into one of the biggest Jumia warehouses in Nigeria showed the process items pass through before they are delivered at the doorsteps of customers. From the entry point, it

Image
25-August-2020

BDC Operators Trade Pound at N620 in Abuja, N617 in Lagos

By Adedapo Adesanya The pressure on Naira seems not to be easing as the country prepares to open up its airspace to international flights from Saturday, August 29, 2020. Ahead of this date, potential international air travellers are shopping for foreign exchange (forex) for different reasons, with supply not able to meet their demands. This has put huge pressure on the local currency at the market. On Monday, the pressure mounted further, crashing the Nigerian Naira against the British Pound Sterling at the Bureaux De Change (BDC) segment of the market. Data obtained by Business Post from the Association of

Image
01-October-2022

Nigeria at 62: A Critical Analysis

By Jerome-Mario Chijioke Utomi Going by historical events and developments starting from 1914, it is evident that Nigeria is not a natural country, state or nation but an artificial creation via a marriage of two unwilling brides who had no say in their forced and ill-fated union- an amalgamation of the northern and the southern protectorates on the 14th February 1914, a day set aside to celebrate love all over the world, by Sir Lord Lugard. The British colonial overlords probably intended the protectorates to operate symmetrically with no part of the amalgam claiming superiority over the other. This arrangement

Image
18-August-2018

Buhari Returns from 10-Day London Vacation

By Dipo Olowookere President Muhammadu Buhari on Saturday evening returned to the country from his 10-day vacation in London. Business Post recalled that Mr Buhari left the shores of this country on Friday, August 3, 2018, for a rest in the United Kingdom. While he was leaving Nigeria, he handed over presidential duties to the Vice President, Mr Yemi Osinbajo. On his arrival today, the President was received by senior officials of his administration at the Nnamdi Azikwe International Airport, Abuja. Also, he was received with an enthusiastic reception from Nigerians on his arrival on Saturday. It is believed that

Image
25-January-2019

Over N100b Belonging to Investors Still Uncollected—SEC

By Modupe Gbadeyanka The Securities and Exchange Commission (SEC) on Thursday described as worrisome the growing amount of unclaimed dividends in the Nigerian capital market. Head of Lagos Zonal office of SEC, Mr Stephen Falomo, while speaking in Akure, Ondo State yesterday, said as at January 2018, the total amount was confirmed to be over N100 billion. According to him, this figure will continue to swell as more companies declare dividends, which will still remain uncollected by investors. “Companies would continue to declare dividends and this figure is expected to further grow. The huge figure and continuous growth of unclaimed

Image
22-August-2018

NBS to Release Nigeria’s Q2 GDP Figures August 27

By Dipo Olowookere Monday, August 27, 2018, has now been fixed as the new date for the release of Nigeria’s Gross Domestic Product (GDP) for the second quarter of 2018. The figures were earlier slated for release on Monday, August 20, 2018, but it was postponed till next Monday. Though no reason was given for the change of date, there are indications that the whole data has not been finally computed by the stats office. The NBS, in response to an enquiry by Business Post, confirmed on Wednesday morning that the new date is August 27, 2018. According to the

Ad
Ad
Recent Stories
Image
01-March-2024

Transcorp Power to List Shares on Nigerian Exchange March 4

By Dipo Olowookere Another power generating company will join Geregu Power Plc on the Nigerian Exchange (NGX) Limited, Business Post has gathered. The new firm joining the nation’s flagship stock exchange is Transcorp Power Plc, a company owned by businessman and Chairman of UBA Plc, Mr Tony Elumelu. Information reaching this newspaper is that Transcorp Power is listing its shares on the NGX by introduction on Monday, March 4, 2024. The organisation is taking to the stock market about 7,500,000,000 units of its equities at N240.00 each, increasing the total value of the local equity market by N1.8 trillion. Its

Image
01-March-2024

Risevest Suspends Crypto Payment as Clampdown Intensifies

By Adedapo Adesanya Foreign stocks trading and investment firm, Risevest, has voluntarily announced a temporary suspension of cryptocurrency assets in Nigeria until the current wave of clampdown on operations settles. In a notice sent to customers on Friday and seen by Business Post, the platform said users won’t be able to fund their wallets using cryptocurrency as it allowed. The company revealed that it noticed that there has been an uptick in funding and possible gaming of the system, and warned against this. “We’re temporarily suspending crypto funding on Rise for users in Nigeria, pending clarity on the regulatory landscape.

Image
01-March-2024

Foreign Capital Into Nigeria’s Energy Industry Plunges 42.8% to $3.64bn in 2023

By Adedapo Adesanya Foreign capital inflows, which gauges the level of foreign investment into the country, through the Nigerian oil and gas industry in 2023 dropped by 42.8 per cent to $3.64 million from the $6.37 million recorded in 2022. This is contained in the latest data obtained from the Nigeria capital importation report for the fourth quarter of 2023 released recently by the National Bureau of Statistics (NBS). The NBS revealed that total foreign capital inflow into the oil and gas sector in 2023 accounted for 0.09 per cent of total foreign capital inflow into the Nigerian economy in

Image
01-March-2024

Reps Investigate Nigeria’s Public Private Partnerships, Concessions Since 1999

By Adedapo Adesanya The House of Representatives is investigating and executing performance assessments of Public Private Partnerships (PPP) and concession agreements in the country since 1999. At a hearing of the Joint Committees on Public Assets and Special Duties on Thursday in Abuja, the Speaker of the House, Mr Tajudeen Abbas, said the objective was to meticulously dissect the triumphs, challenges, and overall impact of PPPs and concession agreements on our public infrastructure and services. “While PPPs have indeed played a crucial role in propelling development, it is imperative that their effectiveness undergoes a comprehensive analysis. “Therefore, this hearing presents

Image
01-March-2024

Jose Peseiro Exits Position as Super Eagles Coach

By Dipo Olowookere Portuguese tactician, Mr Jose Peseiro, has left his job as the coach of Nigeria’s male football national team, the Super Eagles. He exited the team barely a month after he led the country to the final of the 2023 Africa Cup of Nations (AFCON) hosted by Cote d’Ivoire. The host nation defeated Mr Peseiro’s men by 2-1 from a goal down in the final to lift the trophy. The Super Eagles had beaten the Elephants in the group stage of the tournament by a lone goal before meeting again in the final. Before the competition ended, there

Image
01-March-2024

Nigeria Wants Share in $350bn Global Outsourcing Market

By Aduragbemi Omiyale The global outsourcing market is estimated to be worth about $350 billion and Nigeria is looking to take a slice of it to address the rising unemployment rate in the country. Before 2023, the National Bureau of Statistics (NBS) put the unemployment rate at about 33 per cent, but in its revised edition, the agency said the rate grew to 5.0 per cent in the third quarter of last year. The outsourcing market is becoming the new oil market and Nigeria, which prides itself as the largest economy in Africa because of its population size of over

Image
01-March-2024

Lokpobiri Charges New NCDMB Council on Growth of Nigeria’s Energy Sector

By Adedapo Adesanya  The Minister of State for Petroleum Resources (Oil), Mr Heineken Lokpobiri, has charged the newly inaugurated fourth Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB) to continue advancing the country’s oil and gas industry. The NCDMB Governing Council is set up under the Nigerian Oil and Gas Industry Content Development (NOGICD) Act and draws membership from representatives of select institutions connected with the energy sector. The fourth NCDMB Governing Council would be chaired by Mr Lokpobiri, while the Executive Secretary of NCDMB, Mr Felix Omatsola Ogbe, would serve as the Secretary. Others are the

Image
01-March-2024

How to Protect Your Crypto From Scams, Hacks

In 2023, it is estimated around $2 billion was lost by investors to scams, rug pulls and hacks. Although the technology is becoming more secure and stable and many users are more aware of the tricks used to steal assets, there are still ways for thieves to extract your crypto if you aren’t careful.   Experts at Smart Betting Guide have provided a guide on the best ways to keep your crypto safe in 2024.  1. Do not store your password and seed phrase on the Cloud   For many people, the best and most convenient way to access crypto is through

Image
01-March-2024

FX Crisis: Nigeria May Slam $10bn Fine on Binance

By Adedapo Adesanya The Nigerian government may be considering a $10 billion fine on Binance, a crypto exchange platform, amid a crackdown on crypto platforms in desperate moves to restore the nation’s battered foreign exchange (FX) market. This information was disclosed by Mr Bayo Onanuga, who is the Special Adviser on Information and Strategy to President Bola Tinubu, in an interview with the British Broadcasting Corporation (BBC) on Friday morning. According to the President’s aide, this was necessary as the Nigerian government believes Binance profited substantially from its “illegal transactions” in the country while the nation suffered huge losses. Mr

Image
01-March-2024

Business Confidence in Nigeria Falls in February Amid Rise in Input Costs

By Modupe Gbadeyanka Business conditions in Nigeria slowed to 51.0 in February 2024 from 54.5 in January 2024, as price pressures intensified in the private sector at an unprecedented pace in over a decade of data collection, the Stanbic IBTC Bank Purchasing Managers’ Index (PMI) has revealed. A statement from the lender disclosed that the improvement in business conditions was the weakest since the recovery in the private sector began last December. It stated that input costs surged higher in the period under consideration as a result of higher fuel prices and exchange rate weakness, which drove up material costs.