By Adedapo Adesanya
Konga, Nigeria’s leading composite e-commerce giant, is set to become one of the biggest employers of labour in Nigeria as it has unveiled plans to provide meaningful employment opportunities for over 500,000 Nigerians by 2025.
The company also noted that it will be adding another 500,000 in other African countries by the set period.
The development will see Konga not only on top of the employment charts in the private sector but will also see the company rival government and sub-national entities in terms of employment figures.
The firm expressed optimism that this move will also significantly contribute reduce unemployment in Nigeria and other Africans as it prepares for strategic African expansion.
The ambitious plan, feelers from within the e-commerce group have revealed, will go a long way in re-writing the narrative for many underemployed and unemployed youths in Nigeria.
Specifically, the management of Konga intends to channel its considerable resources in developing creative employment for hardworking and aspiring youths across Nigeria.
In addition to offering many a chance to join the Konga Group’s retail revolution through its existing and new subsidiaries being unrolled across verticals; other beneficiaries will also get opportunities to become members of Konga’s fast-growing affiliates which ultimately grants successful candidates life-long partnerships with the company.
The Konga Group currently provides direct and indirect employment for well over 250,000 Nigerians across its multiple entities, including its growing chain of over 35 retail stores scattered across Nigeria; the Konga Marketplace, a game-changing initiative which it pioneered in Africa; KongaPay, a Central Bank of Nigeria-licensed Fintech platform; Kxpress, an ambitious digital logistics company with huge delivery assets.
Others include Konga Travel, an award-winning IATA-certified revolutionary travel and tours company; the recently launched Konga Health, a digital health care distribution chain and the soon-to-be-launched Konga Food, among many others.
Speaking on this, Mr Nick Imudia, co-CEO, Konga Group, while chatting with new hires virtually, disclosed the motivation behind the massive job creation drive.
‘‘We are passionate about giving as many Nigerians and Africans who are qualified and ready to work the opportunity to find meaningful expression of their talents. An example is our partnership with the Edo Stae Government which shall not only employ thousands of youths but shall enhance and facilitate activities for SMEs in the state to become global corporate citizens.
‘‘This is because we believe, in line with the Konga mantra, that this will help them find happiness and live fuller, richer lives. But it doesn’t just end with the unemployed. Our research has shown that there are quite a number of under-employed Nigerians, many of who can make a difference across board if given a chance.
‘‘Therefore, as a strong corporate citizen and in line with the status of the Konga Group as a company built as a public trust, Management has set an ambitious target to employ over 500,000 Nigerians by the year 2025. This is no mean feat by any standards, but at Konga, we are known for never shying away from confronting challenges and surmounting them.
‘‘We will be rolling out these creative employment opportunities soon and we are confident that it will offer many Nigerians who are determined to achieve, a useful avenue to, not only find gainful employment but also create employment and wealth for others,’’ he stated.
Finance Minister Suspends Ahmed Idris for Unhindered Investigation
By Aduragbemi Omiyale
To allow for a “proper and unhindered investigation,” the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has suspended the embattled Accountant General of the Federation (AGF), Mr Ahmed Idris.
Mr Idris was asked to stay from office over his arrest by the Economic and Financial Crimes Commission (EFCC) on Monday for an alleged N80 billion fraud.
In a statement issued on Monday, the EFCC claimed that the AGF failed to honour invitations sent to him to explain what he knows about the matter, prompting his arrest.
According to the agency, Mr Idris committed the alleged act by taking “funds through bogus consultancies and other illegal activities using proxies, family members and close associates.”
“The funds were laundered through real estate investments in Kano and Abuja,” the statement further stated.
The arrest of the nation’s chief accountant has generated reactions from various quarters, prompting the Minister to suspend him on Wednesday.
In a letter confirming the suspension today, the Minister said the AGF is not expected to have any contact official in his office except for any disciplinary hearing that may be advised and will not receive any salary while on suspension.
Osita Chidoka Leaves Guinea Insurance Board
By Dipo Olowookere
Former Minister of Aviation, Mr Osita Chidoka, has resigned from the board of Guinea Insurance Plc to concentrate on his private matters.
A statement signed by the company secretary, Ms Chinneye Nwankwo, disclosed that the politician, who was once the Corps Marshal and Chief Executive of the Federal Road Safety Corps (FRSC), served on the board as a non-executive.
During his time on the board, he contributed immensely to the growth of the underwriting company and the team appreciated him for this.
In the notice, Guinea Insurance wished the member of the opposition Peoples Democratic Party (PDP) well in his future endeavours.
“Guinea Insurance Plc wishes to inform the Nigerian Exchange Limited (NGX), its esteemed shareholders and the general public of the resignation of Mr Osita Chidoka from the board of directors of the company.
“The resignation of Mr Chidoka is to enable him more time to pursue his private business. The board recognized his immense contributions, selfless service and commitment to the progress of the company and wished him success in his future endeavours,” the disclosure stated.
Goyal, Pule Join Advisory Board of Sabi
By Modupe Gbadeyanka
The founder of Africa Lighthouse Capital, Bame Pule; and the Head of M&A at Udaan, India, Sapna Goyal have been appointed to the advisory board of Sabi, a leading B2B marketplace serving Africa’s informal economy.
The duo will work with the company and bolster its network and knowledge to help improve the infrastructure for informal business.
According to the co-founder/CEO of Sabi, Anu Adasolum, the two highly talented and strategic business leaders will bring fresh insights and perspectives to the board.
“Their expertise and track record in driving value will be critical for Sabi in our quest to serve the informal economy. We look forward to working together as we maintain our exceptional growth,” Adasolum stated.
Bame Pule established an independent Mauritius-based private equity firm founded in 2012 to invest in and nurture businesses into African champions.
The firm has a particular focus on helping investee companies adopt global best practices regardless of sector, attain benchmarks equivalent to those of global peers, and expand into multiple key African markets.
Prior to founding Africa Lighthouse Capital, Mr Pule worked at Actis Capital, ShoreView Capital, Goldman Sachs in New York, Credit Suisse in New York and Salomon Brothers/Citigroup in Los Angeles.
He pursued bachelor’s degrees in Economics and Political Science (double major) from Pomona College in Claremont, California and was awarded the Pomona Scholar prize for superior academic achievement in 1997 and 1999. Mr Pule also pursued a master’s in business administration (MBA) degree from Harvard Business School in Boston, Massachusetts.
On her part, Sapna has investing experience in early and growth stage internet start-ups in India. Before joining udaan, she worked with Goldman Sachs Investment Partners (GSIP) VC & Growth Equity Fund by being responsible for investments in the Indian internet space.
She also has investing experience in Indian Public Markets as part of a hedge fund at GS. She is passionate about the change internet can bring to India and how it is a great leveller. She is an active angel investor.
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