Tag: Konga

Losses of Jumia rose to N12.5 billion in Q1
All Startups

Losses of Jumia rose to N12.5 billion in Q1

Nigeria’s largest eCommerce company by business value and coverage, Jumia said its losses further widened in the first quarter of 2018. For the first quarter of the year, Jumia’s negative adjusted earnings before interest, tax, depreciation and ammortisation (gross losses) rose to EUR30.7 million which is approximately N12.5 billion on […]

Zinox Group acquires Konga, might merge with Yudala
Startups

Zinox Group acquires Konga, might merge with Yudala

After several months of denial intrigues, Zinox Group, owners of Yudala.com has now confirmed it has acquired Konga, one of the largest eCommerce companies in Nigeria. Konga has in recent times turned out to be unsustainable given the difficult business climate that pervaded the Nigerian economy. While many smaller players […]