The Zinox Group, Nigeria’s foremost integrated ICT solutions conglomerate and Original Equipment Manufacturer has concluded the acquisition of e-commerce giant, Konga from foreign investors, Naspers and AB Kinnevik.
The development, which caught many by surprise, is seen by industry watchers as an unprecedented move that will strengthen the e-commerce sector and create employment opportunities for more Nigerians.
Zinox will assume ownership of Konga.com, the e-commerce platform; KOS-Express, the logistics arm of the business and KongaPay, the company’s integrated mobile money payment channel with over 100,000 subscribers.
Led by serial digital entrepreneur, Leo Stan Ekeh, the Zinox Group has grown from a position of strength to become one of the biggest names on the African technology scene. 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.