Two of Africa Competitive Stores, Konga and Yudala ready to merge together.
Nigeria’s largest online mall Konga and Africa’s pioneer composite e-commerce company Yudala have officially announced the merging of their operations which will see them effectively become the biggest organized retail and e-commerce/marketplace outfit on the African continent.
This deal will start from May 1 2018, and both companies will be operating Konga as its brand.
The strategic decision will see both companies leverage the combined strengths of both platforms and is expected to further broaden the scope of organized retail and e-commerce in Nigeria and deliver more value to customers and merchants.
According to Konga Chairman, Olusiji Ijogun, he said, "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 1st, Yudala will now operate under the name KONGA, with dual CEOs in the persons of Nick Imudia who will be in charge of online among others and Prince Nnamdi Ekeh who will be responsible for offline he said.
This merger will further strengthen our position in the Nigerian retail market as we creatively position Konga as the first profitable e-commerce company in Africa.
