Konga and Yudala Merger
It’s no longer news that Konga, Nigeria’s largest online mall and Yudala, Africa’s pioneer composite e-commerce company have officially announced a merger of their operations. The business merger will take effect on May 1st, 2018 which will see both companies operate under the brand name KONGA.
According to Konga chairman Olusiji Ijogun, combining forces to power the new Konga will enable us effectively achieve our goals of platform expansion and accelerated growth as we embark on an ambitious journey to redefine the retail ecosystem with the industry’s most advanced technology.
Effective from May 1, 2018, Yudala will now operate under the name KONGA, with dual CEOs – Nick Imudia who will be in charge of the online arm of the business while Prince Nnamdi Ekeh will be responsible for the offline operations. The merger is said to further strengthen Konga’s position in the Nigerian retail market, placing Konga as the first profitable e-commerce company in Nigeria.
Both operations will be supported by KongaPay, a Central Bank of Nigeria (CBN)-licensed mobile money platform and Konga Express, a world-class logistics company with advanced delivery capabilities for internal and external customers.
With the Konga and Yudala merger just a week to go (May 1st) here are some of the features and benefits to expect:
e-Commerce in Africa just got interesting. Sign up online on Konga.com today to enjoy numerous benefits of online shopping.