Since the acquisition of Konga by Zinox Group about two years ago, the e-commerce giant has invested a huge sum tuning to $120m in Nigeria alone.
The company is setting plans in motion and strategizing on how to make entry into other African markets to expand the brand.
Prince Nnamdi Ekeh, the Co-Chief Executive Officer of the Konga Group, revealed the company’s plans to take on other African countries. He further mentioned that the business ran at a loss of about ₦400m monthly at the start of operations. Thanks to the new structure put in place, the company has been able to reduce the loss to about ₦100m monthly.
In an interview session held with the Co-Chief Executive Officer of the Konga Group, he mentioned that Konga employs over 150,000 Nigerians both directly and indirectly. Majority of the company’s employees comprise of service providers, logistics, and merchants.
‘’We partner to build and maintain a sustainable digitally-driven ecosystem. We are working round the clock to scale our workforce to about 250,000 before the end of the year.’’
‘’We see ourselves more as a technology company and not just an e-commerce organization. In that vein, we are entrusted with the responsibility of creating new solution and innovations,’’ Prince Ekeh added.
‘’We have a lot of plans in works. Besides that, Konga recently received enquiries from the Nigerian Stock Exchange, the London Stock Exchange, and the New York Stock Exchange to list on these markets.’’
‘’The company is planning to announce a series of top-notch services and solutions that will interest the market soon.’’ He concluded.