Telecom
Konga Urges Firms to Embrace Digital Procurement, Says its key to Corporate Survival
Konga Research Unit, a research and strategic business development unit of e-commerce giants, Konga has urged organisations to embrace digital procurement strategies in order to save cost and improve their margins.
This according to the report released by the Research and Strategic Business Development Unit will go a long way in helping companies navigate the current harsh business climate and position them for survival and subsequent viability.
The report also revealed that companies operating in the Third World must embrace modern procurement dynamics to save time and money.
Furthermore, Konga affirmed that the slow pace associated with the procurement process in Nigeria requires creative strategies to ensure that spiraling costs/losses are minimized.
According to the report, “It takes an average of two weeks for an SME to buy a simple Toner cartridge for a laser or Ink jet printer.
“Likewise, it takes multinationals over four weeks from the time of request for quotes from vendors through the process of selection, issuance of Local Purchase Order(LPO) until time of final supply by the vendor.
“This is even in cases where the SME or multinational is lucky to select a quality vendor.”
Additionally, the Konga research report affirmed that procuring companies end up with fake products at exorbitant prices as a result of the failure to embrace cutting-edge, digital procurement practices.
“Even with these transparent and competing procurement processes, best prices and genuine products are not guaranteed. Therefore, why go through these processes and end up losing money?”
Subsequently, Konga has challenged small business owners, SMEs, corporate organisations, multinationals and agencies in the public sector to upgrade to the global best practices in their procurement processes.
“In this era of thinning profits, companies should embrace digital procurement strategy.
In other words, procurement has left the analogue stage and gone online.
“Online procurement is the way to survive as competition in the Third World gets more intense.
“Aligned to this is the cost of fund which continues to go higher and vendors have no choice but to incorporate these in final cost to the consumer.”
The well-researched report further advised firms to shop smartly and save money by shopping through reliable E-commerce platforms such asKonga.com which hosts a number of merchants.
In addition, the presence of competing merchants ensures the availability of price-sensitive genuine products who deliver reliably within hours, irrespective of the locations in the country.
“Today, with an improved digital payment system in Nigeria, SMEs and big firms can open e-wallets through which they can take advantage of stocked multiple warehouses nationwide and take delivery of their products same day or on the next, at the most.
“Konga has an example of such through Konga Pay, a secure Central bank of Nigeria-licensed payment platform.
“On Konga.com, prices are open, delivery costs are known as merchants compete to sell, thereby saving corporates a lot of money and time to focus on their core businesses. This also enhances transparency in the procurement process.
“Most successful companies and even families abroad have embraced this digital procurement process to buy smart, save money and time and increase profit.
“It is as simple as ABC. Before you buy, you can check prices on Konga.comand you will appreciate the savings.
“Also, Konga takes absolute responsibility for all products on its platform, no matter the quantity.
“Likewise, Konga has nationwide storage and delivery capacity to store products for firms who would order large quantities and take delivery gradually.
“And with robust technologies, partners can view their products in the warehouses, irrespective of the location of the warehouses in Nigeria.”
In conclusion, the report noted that a number of profitable companies in Nigeria have tested and already transitioned to the Konga corporate digital procurement platform. Benefits of the transition, described as unquantifiable, are expected to grow by over 65% by the year 2023.
At the recently concluded NextNow Business Forum in Victoria Island, MTN Nigeria electrified the business community with a live demonstration of its forthcoming Communication Platform as a Service (CPaaS), a solution engineered to redefine how Nigerian enterprises connect with their customers.
Unlike traditional communication systems, MTN’s CPaaS is built for the realities of a mobile-first market. The platform unifies SMS, voice, WhatsApp, email, and more into a single, intuitive interface. This approach is especially significant in Nigeria, with over 107 million internet users, 45.4% of the total population, according to Data Report. This figure underscores the necessity for businesses to meet customers where they are.
During the demo, attendees witnessed how CPaaS enables two-way, real-time conversations between brands and customers. The platform’s support for rich media, instant analytics, and seamless integration with business workflows drew particular attention. These features are designed to empower businesses with data-driven insights and the agility to personalise every interaction, whether it’s a service notification, marketing campaign, or customer support exchange.
Akinbulejo Onabolu, Head of Enterprise Segment at MTN Nigeria, articulated the vision: “CPaaS gives enterprises the flexibility to interact with their customers on their preferred platforms; whether it’s chat, voice, or messaging, in a way that feels personal and immediate. We’re looking forward to the value this will unlock for businesses across industries once it launches.”
The fireside chat added depth to the conversation, with Omowunmi Olatunbosun, Head of SME Segment at MTN Nigeria, and Stephen Agbi of Bayobab, highlighting how digital engagement bridges the gap between businesses and audiences.
They emphasised that today’s consumers demand immediacy, relevance, and ease, qualities that CPaaS is built to deliver.
The stakes for digital transformation in Nigeria are high. In a report by Punch, the country’s enterprise tech market is projected to reach $22 billion by 2027, reflecting a surge in demand for scalable, cloud-based solutions that drive efficiency and customer loyalty.
The CPAAS Acceleration Alliance have estimated that globally, the CPaaS market is expected to grow from $14.7 billion in 2025 to $72.4 billion by 2035, at a compound annual growth rate of 18.4%, a testament to the platform’s transformative potential.
The event’s closing keynote from META’s Korhan Yunak reinforced the strategic value of digital channels like WhatsApp, which are now indispensable for business communication and engagement at scale.
As MTN Nigeria prepares for the Q3 2025 launch, the anticipation is unmistakable. With its promise of flexibility, intelligence, and seamless integration, MTN’s CPaaS platform is set to become the backbone of next-generation business-customer engagement in Nigeria, enabling enterprises to not just communicate but to connect, adapt, and grow in a digital-first era.
MTN Uganda is seeking input from stakeholders on a plan to structurally separate its mobile money service, MoMo, from its core telecoms business.
According to the company, the proposed change will be discussed at the upcoming extraordinary general meeting on July 2.
If approved, the telco’s fintech business will be run by a new company controlled by MTN Group Fintech Holdings B.V. and a trust benefiting minority shareholders following a merger.
Additionally, the restructuring also aligns with MTN Group’s ambition 2025 strategy which aims to unlock value, attract new investors, and strengthen regulatory compliance by creating standalone fintech entities in Uganda, Ghana, and Nigeria.
The company’s fintech division has over 13 million customers, with an 18.4% revenue increase in the first quarter of 2025, driven by 19.0% growth in mobile money services, 19.8% growth in transaction volumes, and a 31.4% increase in transaction value.
Reports say the decision is part of the telco’s compliance with the National Payment Systems Act 2020, which mandates mobile money businesses to operate as standalone entities, and to align with MTN Group’s regional fintech strategy.
MTN Uganda, which is led by CEO Sylvia Mulinge, highlighted that the implementation of the proposed transaction will be subjected to a number of conditions and regulatory procedures.
“The implementation of the proposed transaction shall be subject to a number of conditions, including the company and MTN MoMo receiving all required regulatory approvals and no-objections and complying with any regulatory conditions,” said MTN Uganda in notice.
Netflix has announced plans to invest more than €1 billion in Spanish film and television productions over the next four years, reinforcing its commitment to Spain as a key creative hub in Europe.
The announcement was made by co-chief executive Ted Sarandos at an event held at Netflix’s production studios near Madrid, celebrating the company’s 10-year presence in the country.
Sarandos emphasized that the investment would contribute significantly to Spain’s economy, create jobs, and enable the streaming platform to produce more local content. He was joined by Spanish Prime Minister Pedro Sánchez in unveiling the initiative.
Netflix first established its international production studios in Madrid in 2019, following the success of the Spanish-language hit series Money Heist.
Since then, its 22,000-square-meter facility has become one of Netflix’s major production centers within the European Union.
The company currently supports over 20,000 jobs in Spain, highlighting the nation’s growing influence in global entertainment.
The investment reflects Netflix’s ongoing strategy to expand its presence in European markets through original content and local talent.
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