There are strong indications that the Zinox Group has acquired one of the leading e-commerce giants in Nigeria, Konga, after several months of strategic negotiations with major investors. source confirmed that the transaction had been approved by the Securities and Exchange Commission (SEC) as the group prepares to raise the profile of e-commerce in the country
The Head of Corporate Communications, Zinox Group, Mr. Gideon Ayogu, confirmed this by saying: “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”.
On that note, Zinox reveals that with the acquisition, it intends to “up the tempo” by revolutionizing e-commerce with Konga at the forefront of this initiative. In addition to positioning the business on a path of profitability in the short term, Zinox added that its long-term plans are focused around seeing Konga well established in other African capitals.
Asides from strengthening Konga and the face of e-commerce in Nigeria, the acquisition is also expected to create employment opportunities for Nigerians: