Home News Funding and Acquisitions Breaking News : Zinox Group acquires Nigeria’s e-commerce Giant Konga

Breaking News : Zinox Group acquires Nigeria’s e-commerce Giant Konga

3 min read

Konga the e-commerce giant gets acquired by The Zinox Group: an integrated ICT solution company, the acquisition as of summarised yesterday is set to see Nigeria unlock a massive potential in the markets.  The Acquisition the includes Konga.com, Konga pay, and KOS – Express as a total bouquet.

Zinox being the parent company of Yudala acquired the company for $10m – $15m (according to our source close to the negotiation) and the two companies will be integration with a potential to expand across Africa.

 “Konga is a world-class, professionally-run company whose landmark strides in the sector has gone a long way in ushering millions of Nigerians into the ease and convenience of online shopping and boosting the conduct of e-commerce in the country.”

He added: “Today, many Nigerians can attribute their first experience of e-commerce to Konga.com and we are excited to be a part of this remarkable story.  “Many shoppers can also attest to the speed and efficiency in delivery that characterizes Kos-Express, the company’s logistics arm, which is arguably the best in the sector at the moment.

Commenting on the transaction, Ayogu said: “We have always had an interest in Konga and another big one you know very well but our priority was Konga first because of her integrated nature of four quality companies in one.

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