A day after a rout, US stocks turn higher on solid earnings

Jumia, Konga plan $4.7 bln IPOs on international market

The two major players in the Nigerian e-commerce space – Jumia and Konga – are considering listing their respective shares on the international market. Jumia had earlier announced its planned $1.5 billion initial public offering (IPO) on the New York Stock Exchange this year, which would reportedly see the business valued at $1.5 billion, even […]

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Konga

Over 70 pct Nigerians don’t shop online – Konga

Over 70 per cent of Nigerian’s population are still skeptical of shopping online and yet to be captured in the e-Commerce net, according Konga. Worried by the situation, which is affecting e-Commerce growth in the country, Konga said it is an anomaly that its futuristic business model is gradually catering to. Head, Corporate Communications at […]

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3 men arraigned before H’Court for ‘defrauding’ Konga of N35m

Before the Federal High Court in Lagos  yesterday, was a three men; arraigned for allegedly obtaining i-Phones worth N35million from an online shopping company, Konga, without paying for them. According to correspondent, John Nweke, Stephen Anike and Kelechi Emenike were accused of issuing Konga with two bank cheques that bounced at presentation. According to the […]

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Konga and UBA

UBA and Konga Boost e-Commerce With Mobile POS (mPoS)

Pan African banking group, United Bank for Africa (UBA) Plc has partnered Konga, Nigeria’s leading e-commerce company and Innovectives Nigeria Limited to create a seamless delivery and payment system by integrating mobile point of sale solution into Konga’s delivery system. Mobile POS (mPOS) which is powered by UBA PLC and MasterCard will make it easier […]

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