By Adedapo Adesanya
Nigerian e-commerce giant, Konga, has said that it is on the path to reach $10 million in daily turnover by 2024.
This projection was made known by its joint Chief Executive Officer (CEO), Konga (Online), Mr Nick Imudia, he noted that this was a possible achievement based on its growth trajectory and operational efficiency backed by its loss reduction techniques.
“Konga has used the last decade to lay a solid foundation for e-commerce business in Nigeria and to build trustworthy relationships with customers and potential investors across the Nigerian business spectrum.
“With the high level of trust the brand has gained among shoppers in and out of Nigeria, it is safe to say Konga is ready to scale big in the early part of this third decade,” he said.
He said that that the commerce giant has put up crucial measures in place to see that its daily turnover witnesses the anticipated upsurge in the next four years.
According to Mr Imudia, Konga was working hard to reach a daily turnover of $5 million in the next two years (2022), and working on that, hit the set mark of $10 million by the next two years after that.
“Therefore, we are targeting a $10 million daily turnover by 2024. We shall attain half of this target at least by 2022.
“To meet this target, we would be relying on the efficiency we have brought to bear on the business and the renewed confidence the Konga brand enjoys among critical stakeholders.
“There is no iota of doubt that Konga remains in prime position to attain this target, especially when one looks at the consistent growth the brand has recorded in the past years. Konga has grown over eight times since the business was acquired by the Zinox Group.
Speaking on its loss reduction measures, the Konga chief said, “We have consistently reduced our losses by nearly 70 percent. Added to this is the addition of new and thriving business units such as Konga Travel, among others, all of which have enjoyed huge growth and massive acceptance by our rapidly expanding customer base,” he said.
On its logistics, Mr Imudia said through K-Xpress, its in-house logistics company, it has boosted its capacity to handle deliveries to its customers, while also resolving logistics issues for external customers.
He assured that with other services like its warehousing service, the company was able to meet demands through its large inventories without time constraints.
Projecting into the future, Mr Imudia said that the company was expanding its frontiers with additional business units that will be rolled out soon.
“These additions will excite our customers and expand the Konga retail revolution to new verticals. To make the shopping experience a memorable one for our customers, we have also lined up various value-adding services and promotions throughout the year.
“These assets and many others too numerous to mention will shape the Nigerian e-commerce sector in 2020 and the succeeding years,” he said.
Zoho Introduces New Product for SMEs, Gets Office in Lagos
By Dipo Olowookere
Global technology company, Zoho, will next month officially open its third African office in the Lekki area of Lagos as part of its efforts to serve its clients in Nigeria better.
Addressing journalists in Lagos on Friday, the President of Zoho for MEA, Mr Hyther Nizam, explained that the decision to bring the company closer to its consumers in the country is because Nigeria is its largest market on the continent.
He noted that the firm will use the opportunity to reduce the unemployment rate in the country as it would hire more employees locally for customer-facing roles, especially in the sales, marketing and other departments.
While speaking on the sidelines of the company’s first user conference in the country tagged Zoholics Nigeria, Mr Nizam further disclosed that Zoho has introduced a new product called Zoho Africa Digital Enabler package tailored for small and medium enterprises (SMEs) with about five employees.
According to him, the Zoho Africa Digital Enabler package, which will be available from July 1, 2022, will help small businesses take steps towards digital transformation and it would be offered at a discount of 50 per cent for a period of three months with a collection of 10 leading apps.
He explained that subscribers will have access to standard support available to them, which will allow access to a knowledge base, community forums, a self-service portal, email support and remote assistance. It also includes live chat support and telephonic support during working hours five days a week.
“For small businesses, enterprise technology is prohibitively priced and inaccessible,” said Mr Nizam. “We want to remove the technology adoption barrier and help them kickstart their digital transformation journey, which will in turn help them stay nimble and quickly adapt to changing market conditions.
“The products are available in local pricing, helping businesses avoid cost fluctuations due to changing dollar value, which is beneficial in the current turbulent economy. We hope that Nigerian businesses will avail of this plan and fast-track their growth by leveraging cloud technology.”
Business Post gathered that in the package are Zoho Workplace, Zoho Invoice, and Zoho Begin, among others.
The Zoho Workplace is a unified platform that brings together collaboration, productivity, and communications tools and integrates them into other business processes. It has secure business email (Zoho Mail), team chat (Zoho Cliq), and an online office suite (Zoho Writer, Zoho Sheet, Zoho Show, and Zoho WorkDrive).
The Zoho Invoice helps users create and send customised invoices, track time, and bill customers accurately. It can also improve their cash flow by automatically sending payment reminders to customers, and getting paid online faster through debit/credit cards and PayPal. Moreover, businesses can record and track expenses by simply scanning their expense receipts. They will also be able to track tax levied on every transaction, allow customers to view their invoices, and projects, and make payments through the self-service portal.
As for the Zoho Bigin, it is a pipeline-centric CRM designed specifically to help MSMEs keep track of their customers and improve customer relationships without having to worry about high costs or complicated features. It can be set up in 30 minutes, with options to create multiple pipelines with customisable stages based on a company’s operation style.
P+ Measurement Holds 20th EvaluatePR Friday
By Aduragbemi Omiyale
Friday, June 24, 2022, has been fixed for the 20th edition of the quarterly EvaluatePR hosted by a leading media intelligence agency, P+ Measurement Services.
According to a statement issued by the company, the programme is themed Dissecting the relevance of Measurement and Evaluation in Reputation Management and will take place between 12 pm and 1:30 pm (West African Time).
The resource persons for the 20th EvaluatePR are Abimbola Shukrah Bello, Marketing & Communications, Johns Hopkins Centre for Communication Program; Francois Van Dyk, Head of Operations, Ornico Group; and Damilola Sobajo, PR/Marketing Consultant. They will together provide their wealth of knowledge and experiences, insights and answers to the theme of the event.
Evaluate PR is an enlightening, interactive and informative event, featuring communications, public relations, and media monitoring professionals who share their experiences, advice, insights, and quotes on media monitoring measurement and evaluation in a question and answer session.
Participation in the event is free via a Google Meet link, https://meet.google.com/tpq-nsgm-svk.
P+ Measurement is an independent media intelligence and evaluation service provider established by Mr Philip Odiakose.
The firm offers media monitoring, measurement, evaluation, and performance audit services to brands, agencies, and government bodies
Reps Accuse Makers of Hypo, Harpic of Deceptive Adverts
By Modupe Gbadeyanka
The Federal Competition and Consumer Protection Commission (FCCPC) and the Standards Organisation of Nigeria (SON) have been asked to appear before the House of Representatives to explain why there are “ineffective” hypo, harpic and others in the Nigerian market.
A lawmaker from Edo State, Mr Sergius Ose-Ogun, while moving a motion on Tuesday, alleged that these cleaning disinfectants were of “poor quality” but hoodwinked Nigerians into buying them through deceptive advertisements as in reality, consumers who bought them were disappointed as they didn’t get value for their money.
While speaking at the lower chamber of the National Assembly, Mr Ose-Ogun expressed concerns “that toilet cleaning disinfectants such as harpic and hypo used in most households in Nigeria are ineffective, poor quality and leave much to be desired.”
He further said “despite the poor quality of these toilet cleaning disinfectants, there are several television sponsored advertisements that are misleading unsuspecting members of the public who rely on such adverts product information to make purchases.”
The lawmaker expressed alarm “that most Nigerians utilize these disinfectants in cleaning their homes, offices, hospitals, churches and mosques without getting the value for money spent in purchasing such products.”
Consequently, the House ordered an investigation to be concluded within four weeks, while the Committee on Legislative Compliance was directed to monitor the execution of the resolution.
They, thereafter, invited the Executive Vice-Chairman of FCCPC and the management of SON to “appear before the Committee on Commerce to justify the presence of harpic, hypo and other non-effective cleaning disinfectants in the market or otherwise.”
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