Edeson Radio

Top 5 News Updates From NEW Edeson Blog

Nigeria's Most Authoritative And Up-To-Date News Blog

Thanks for visiting this news blog. Kindly follow Edeson Online News on Facebook, Instagram & Twitter, to get the latest in Entertainment, Sports, Politics,World News, Sex, Relationships, Education, History, ICT Tutoriasl Free downloads, Motivation and Lots More. Facebook: Endy Edeson. Instagram & Twitter: @EndyEdesonNews

Like Edeson Online News on Facebook

Cheap Website Hosting

Reliable Web Hosting in Nigeria by DomainKing.NG

Monday, 5 February 2018

Zinox Group Acquires e-Commerce Giant Konga

The Zinox Group, an integrated Information Communication Technology (ICT) solutions conglomerate and Original Equipment Manufacturer (OEM), has concluded the acquisition of e-commerce giant, Konga in a move that is expected to raise the profile of e-commerce in the country.We learnt the transaction had been approved by the Securities and Exchange Commission (SEC).


In addition, the move is expected to see Zinox make a bold return to an industry it pioneered in Nigeria with the launch of BuyRight Africa.com which was challenged by the absence of credit card and e-payment infrastructure when it was launched over 12 years ago.

According to details of the deal, Zinox Group, one of Africa’s biggest technology group would assume ownership of the e-commerce platform, Konga.com which remains as one of the biggest players in the sector; KOS-Express, the world class logistics arm of the business and KongaPay, the company’s integrated mobile money payment channel with over 100,000 subscribers.

Konga recently announced a shift to a prepay-only model, essentially putting a stop to Pay on Delivery (PoD) – a significant decision which formed part of an internal restructuring aimed at putting the business on a sound footing in the market.

With its headquarters in Lagos, Nigeria and branches all over the country in addition to hubs in Africa, Asia, Europe and the Middle East; the Zinox Group boasts a 360-degree spectrum orientation as an integrated ICT solutions group with advanced competencies in manufacturing, distribution, retail and after-sales support, among others.

GUYS, WHAT DO YOU THINK?

………………………..
Follow Edeson News on Instagram & Twitter:.
@EndyEdesonNews
................
Edited by: Endy Edeson
Photo News Editor: Endy Edeson
................

FACEBOOK COMMENTS

Johnson Ahile

IS KONGA BROKE

Endy Edeson

@Ahile: It could be but in deals like this, Shagaya might still have a STAKE

Ademola Adekunle Abraham

Hmmmm
This is serious ooo

Endy Edeson

@Ademola: Sure, I knew this would happen because of recent Konga restructuring

Douglas Deisho Orafa

And yudala will surely be the winner in all this round-about buyout.Yudala is owned by the son of the Zinox boss.Sure Dad doesn't want compete with son.

Endy Edeson

@Orafa: That's a good point you raised. Yudala and Konga may likely be merged except DAD and SON want to compete

Receive all updates via Facebook. Just Click the Like Button Below

Powered By Blogger Widgets