Zinox Group of Companies has acquired ecommerce giant, Konga. The acquisition was confirmed by the Head of Corporate Communications, Zinox Group, Mr. Gideon Ayogu.
As part of the acquisition, Zinox Group would assume ownership of the ecommerce group which includes Konga.com, Nigeria's online Mall, Kongapay, a CBN licenced mobile money platform with over 100,000 subscribers as well as KOSExpress, a logistics arm of the company.
Zinox Group pioneered ecommerce in Nigeria with the launch of Buyrightafrica.com which was challenged by the absence of credit/debit card and e-payment infrastructure when it was launched over 12 years ago.
The company said the acquisition was expected to create employment for over 5,000 Nigerians within a short period.
According to Mr Gideon Ayog Zinox Group has always had an interest in Konga because of integrated nature of the four quality companies in one.
In a bid to put Konga on a sound footing, the company announced a shift to a prepay-only model, essentially putting a stop to Pay-on Delivery - a decision which formed part of internal restructuring. This is to reposition Konga for a greater share of the ecommerce pulse in Nigeria.
Konga was founded in 2012 by Sim Shagaya.
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