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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.


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Edited by: Endy Edeson
Photo News Editor: Endy Edeson


Johnson Ahile


Endy Edeson

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

Ademola Adekunle Abraham

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

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