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Konga, Yudala Merge to Disrupt Ecommerce

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Konga, Nigeria’s largest online mall and Yudala, Africa’s pioneer composite e-commerce company have officially announced a merger of their operations which will see them effectively become the biggest organized retail and e-commerce/marketplace outfit on the African continent.

 

The business merger, which takes effect from Tuesday May 1, will see both companies operate under the Konga brand name.

 

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.

“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,” disclosed Olusiji Ijogun, Konga chairman.

 

“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. 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.

“The efficiency of Konga’s cutting-edge online platform, access to thousands of merchants and Yudala’s expansive network of fully stocked offline stores is poised to give our customers the best shopping experience imaginable. We will be working closely with all our combined clients, customers, merchants and employees to make the integration process as seamless as possible and thereafter make public our road map to sustain our leadership on the continent,” Ijogun said.

 

One of the exciting benefits of this merger is the possibility it offers prospective shoppers to order online, pay and pick-up the product(s) at the nearest Konga offline store. There are also increasing business opportunities for merchants nationwide.

 

“We are very excited about the operational merger between Yudala and Konga into the new Konga,” noted Prince Ekeh.

 

“A merger of this magnitude has never been experienced in Africa. We will be leveraging on Konga’s strong technology backbone and online experience as well as Yudala’s offline experience, network of retail stores and operational efficiency. In the near future, we plan to have a Konga store in every local government area in Nigeria. While this is ambitious, we believe that every Nigerian deserves the right to have access to the full range of genuine products offered by Konga,” Prince Ekeh declared.

 

Plans are also underway to showcase the full power of the merger with expanded access to thousands of products in Konga online and offline stores for all categories of shoppers.

 

According to Imudia, “We believe this operational merger between Konga and Yudala will bring immense opportunities for consumers in the e-commerce space. We urge all shoppers, consumers, merchants and clients to stay tuned as we unveil the massive ambitious contents we have to offer.”

Widely applauded by industry watchers as a masterstroke, the merger will broaden the range of products and solutions on offer within the Konga/Yudala stable, while giving the customers and merchants more options and access to an expanded variety of guaranteed quality offerings and payment methods.

 

The Konga Business platform will now include two distinct but fully integrated aspects including Konga Online, the e-commerce/marketplace platform and Konga Retail, the offline arm of the business.

 

Both will be supported by Konga Pay, a CBN-licensed mobile money platform and Konga Express, a world-class logistics company with advanced delivery capabilities for internal and external customers.

 

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

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E-Business

TD Africa Inks Distribution Agreement with Vertiv

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Technology Distributions Ltd, Sub-Saharan Africa’s biggest Information and Communications Technology (ICT) distributors and Vertiv, an American multinational corporation on yesterday announced their partnership to distribute Vertiv solutions in Nigeria.

 

Speaking at the official launch of the partnership, Wojtek Piorko, Director,Sales Middle East and Africa, Vertiv, Said that, the reason they choose Technology Distributions (TD) is because they are very experienced in IT channel distribution.

 

He explained that they in Vertiv intend to work with TD not only in Nigeria but in other countries in Africa.

 

He said, “Today’s event is to work with our local partners to grow their business, especially in channel business.

 

“We need very experienced partners that have wide audience and many resellers to sale to, and that’s why we have chosen Technology Distributions, they are our IT channel distributor and we work with them not only in Nigeria but in other countries of the region.

 

“Technology Distributions have wide reach of the market, we have great product but we also understand each other very well, we communicate where necessary, he said.

 

He noted that, Vertiv Products have been in Nigeria for the past 20 years delivering top quality products to its customers.

 

“We’ve been in Nigerian market for the past 20 years, is not like we are completely new, although Vertiv brand name is new to the market but all critical product lines that we offer you are products that were already in the market delivered by Emerson Electric, but now Vertiv brand is with completely new opening, new team, new structure that is dedicated to this specific market.

 

 

Stanley Okpalaeke, Group Executive Director, Technology Distributions (TD) said that TD’s major strategy in this partnership is to build deeper relationship with its partners, to seek how they at TD will help grow their businesses, adding that, if they are able to grow their partner businesses, their business will grow also.

 

“Our major strategy is our partners; we want to build deeper relationship with our partners.

 

“We are seeking how TD will help you grow your businesses because if you grow, we will grow too,” he said.

 

He explained that their partner ecosystem cut across all Africa, adding that they also have major hubs in Dubai and UK.

 

He added that, they have at every point in time N12 billion worth of stocks to cater for their customers’ needs.

 

“At every point in time we have N12 billion worth of stocks, the reason is because we do not want to disappoint our partners,” he stated.

 

Speaking earlier, Mrs. Chioma Chimere; Managing Director, Operations, Technology Distributions, said that Vertiv have come to help Nigerians solve the challenges we face with power with their range of high end UPS solutions.

 

She noted that, even the power we have now is not clean and that is why Vertiv is here to give us maximum protection.

 

TD is the first manufacturer-accredited local distributor for the sub-region, TD, with the support of the OEMs, successfully confronted the myriad challenges posed by the hitherto unstructured market.

 

Among the first measures they embarked on was the formulation of a clear policy on the channel of distribution that led to the adoption of the prevailing four-tier market structure comprising Manufacturer (OEM), Distributor, Reseller and End-User.

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Publiseer, Nigerian Digital Publishing Startup Reports Profitability

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Publiseer, Nigerian digital publisher has reported a profit for its first quarter in 2018, adding over 200 new releases in the past 30 days.

 

The company posts a first-quarter profit of $10,877.58, comfortably ahead of its expectations. Following the profits, Publiseer has launched its ‘Premium Distribution Service’ that will distribute books and songs for an upfront fee, allowing its authors and musical artists to keep 100% of their earnings.

 

Nevertheless, old and new clients can still use its ‘Freemium Distribution Service’ that gives Publiseer a 25% commission on sales.

 

It’s taken just 8 months for Publiseer to become a money-maker. The digital publishing company reported its first profitable quarter today, driven by a 20% rise in submissions and a faster reputation growth overseas.

 

Publiseer has thrived since its launch in August 2017, and traction has grown drastically. Since its international popularity is growing exponentially, the company is making moves to expand its services outside of Nigeria.

 

In response to this, Publiseer has distributed the works of Canadian Youtuber Heidi Shai, American Jazz musician Ragtime Joe, and Missouri producer ANB Beats.

 

In Africa, Publiseer has distributed the books of  Cameroonian writer Juan Gutied and Zimbabwean author Godfrey Masanga.

 

As of writing, Publiseer has distributed 92 books and 374 tracks by 73 authors and 154 artists, having received over 1,000 submissions since August 2017.

 

Chidi Nwaogu, Publiseer’s CEO said: “Starting Publiseer, we weren’t focused on profitability as an early-stage company, rather, we were focused on customer satisfaction and retention. But at the beginning of the first quarter of this year, submissions doubled and thus our releases too. It’s good building something that meets a growing need, and which eventually makes lots of money.”

 

Publiseer is a digital publishing platform for unsigned and independent writers and musicians with low-income or from low-income families.

 

However, the platform is open to well-established authors and musicians looking for new avenues to distribute and monetize their creative works on the World Wide Web.

 

Publiseer has distributed the works of A-list Nigerian artists like CDQ, Klever Jay, Erigga, and DJ Jozenga of RayPower FM.

 

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FG to Partner Cuba on Science & Technology

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The Minister of Science and Technology, Dr. Ogbonnaya Onu, said on Thursday the Federal Government would be partnering with the Republic of Cuba on science and technology.

Onu said he would visit Cuba with his team to ensure Nigeria benefits from its relationship with the Caribbean nation.

The minister stated these when the Cuban Ambassador to Nigeria, Carlos Sosa visited him in Abuja.

He said Nigeria can no longer depend on foreign commodities but would begin to use its resources for the production of what it needs.

His words: “Nigeria appreciates the Republic of Cuba for its contributions particularly in the health care system. We believe that the relationship between Nigeria and Cuba will continue to grow.

“Cuba has used its vast technology in developing vaccines that helps in the prevention of diseases and Nigeria looks forward to partnering with Cuba on the development of our science and technology sector.

“I and my team will soon visit Cuba to make sure we strengthen our relationship with Cuba. Nigeria can no longer depend on just imported commodities but will use its resources for local production.”

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