thebosstrevor:

Acquisition doesnt neccessary make it stronger,they could end up running the site down

what does zinox know about an ecommerce site?

SoNature:
Yeah! I was there today and Mr Eke, CEO of Zinox, informed us. Congratulations to them!

YhurKarma:
Middle Finger To The Mod Banning People Upandan

thebosstrevor:

Acquisition doesnt neccessary make it stronger,they could end up running the site down

what does zinox know about an ecommerce site?

post=64754445:

Zinox is one the leading IT firms in Africa

Themandator:



Obeezi.com is better...never regretted chopping on their platform....they get the product to you, you inspect and when satisfied you pay

barragan:


No African e-commerce website can become Alibaba in the foreseeable future, not if their country can't become China anytime soon.

Dottore:
Good move but they should have given further details of the deal like: the worth of the deal, why did the change of ownership become imperative, would the new owners retain the old name, the percentage of the shareholding etc

mavinc4u:

zinox does not own yudala; zinox is the father to the owner of yudala.

fairheven:


what do you mean by "father?"

ZINOX is not a human being naa


Stan Eke is a human

LaEvilIMiss:
Konga was run aground by its management who wasted VC funding .. the VCs had to cut off and sell off. ZINOX bought her on the cheap.. lets move on.. only those who don't know clap hands

mavinc4u:


who told you zinox is not a human being? if Eke is a human being then zinox is a human being because zinox = Eke

fairheven:


Eke is different from ZINOX

ZINOX is a company,Eke is human...if EKE leaves ZINOX would still be in business

Letenwam:
Zinox Group, one of Africa’s biggest technology group has acquired e-commerce platform, Konga.com which remains 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. 

The landmark deal approved by Securities and Exchange Commission (SEC), is expected to raise the profile of e-commerce in the country. 

Industry analysts estimate that the acquisition could lead to the integration of Konga and Yudala, which is owned by Chairman Zinox Group, Mr. Leo Stan Ekeh's son, to wade off competition and make it one of biggest e-Commerce companies in Africa.

Head of Corporate Communications, Zinox Group, Mr. Gideon Ayogu confirmed the development, said; 

“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.

“Our ambition is to up the tempo by revolutionising e-commerce on the African continent, with Konga at the fore-front of this initiative. In addition to positioning the business on a path of profitability in the short term, our long term plans are focused around seeing Konga well established in other African capitals.

“Furthermore, we will be unveiling a lot of new initiatives soon and we advise shoppers and merchants alike to look out for these innovations which will radically reshape the average customer experience of e-commerce in Nigeria and on the continent.” 

http://lailasnews.com/zinox-acquires-konga-landmark-industry-deal/

mavinc4u:


please who owns zinox?

post=64759143:


Leo Stan Ekeh

kudoxs:
Yudala,konga, payporte, jiji, olx and all others should merge, they still won't reach jumia. Experience is really working in favour of jumia. They set the pace.

Dottore:
Good move but they should have given further details of the deal like: the worth of the deal, why did the change of ownership become imperative, would the new owners retain the old name, the percentage of the shareholding etc