The Nigerian e-commerce platform, Konga, has over the last 18months, achieved a huge turnover of over 800%, thereby drastically reducing losses.
This was disclosed by the company’s co-CEO, Prince Nnamdi Ekeh. He predicted that the recent development will set the company on the path of profitability by 2022.
Mr Ekeh took over the company after its acquisition and under his management, the business has achieved high level of growth to the delight of its investors. According to him, much effort is still being put in place to meet investors expectations.
He stated “We have spent the last year restructuring the business and positioning it on a very solid footing. This is evident from the huge strides we have recorded over the period and the several other viable business units and subsidiaries that have taken flight within the Konga Group. Indeed, we are preparing to lead in this space.”
Konga is a Nigerian e-commerce company founded in July 2012 with headquarters in Gbagada, Lagos State. It offers a third-party online marketplace. The e-commerce company currently operates about 16 physical stores and hubs in Lagos, Nigeria.