By Dipo Olowookere
From Tuesday, May 1, 2018, Africa’s pioneer composite e-commerce company, Yudala, will officially dissolve into Konga, which was recently acquired by Zinox, the parent company of Yudala.
“Effective from May 1, Yudala will now operate under the name of Konga with 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. This merger will strengthen our position in the Nigerian retail market as we creatively position Konga as the first profitable e-commerce company in Africa,” Chairman of Konga, Mr Olusiji Ijogun, stated at an event to announce the merger on Sunday.
He added that, “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.”
The Konga 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.
It was disclosed yesterday that Konga 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.
