Tag: Yudala

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 […]

Is Cosmos Computers A Good Idea?
Tech

Is Cosmos Computers A Good Idea?

In the face of its dwindling fortunes, Coscharis Group is taking a different direction by starting of up Cosmos Computers. The company is looking at diversifying its business from overtly dependent on automibile distribution, assembling and marketing. The announcement that it has received the authorisation of the National Information Technology Development […]

The Tough Road Ahead Of Jumia
Tech

The Tough Road Ahead Of Jumia

As predicted last week, Africa Internet Group, AIG has finally put to rest all speculations about the future of its eCommerce group- Jumia. The company now has only one platform that will now be operating in the eCommerce space. Jumia-group.jumia.com. Prior to this time, AIG used to have Jumia, Jovago, Everjobs, […]

Yudala Makes It Big With Mobile Monday Sales
Big Business

Yudala Makes It Big With Mobile Monday Sales

The growing popularity of Yudala Mobile Monday, a weekly sales promotion exclusive to Yudala, Nigeria’s first composite online and offline retail chain has seen many shoppers credit the promotion as the most reliable outlet and source of best prices for a wide range of mobile devices. The promotion, which kicked […]