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Konga among the list of Top 20 global Brands to Watch in 2020

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The Management of e-commerce giant, Konga, have underlined their determination to continually take the lead in elevating standards, improving customer satisfaction and deepening the growth of the Nigerian e-commerce sector.

Making the assertion was Co-Chief Executive Officer, Konga Group, Nick Imudia.

Equally important, Imudia was reacting to the recent inclusion of Konga in an exclusive list of top 20 global brands to watch in 2020.

Unarguably, the impressive leadership credentials and groundbreaking strides of Konga in the Nigerian retail sector since its acquisition by the Zinox Group in 2018, were further affirmed by its inclusion in the rarefied list.

Indeed, the Board of Editors of ThisDay Newspapers had identified Konga in a list of top 20 brands to watch in 2020 released in January.

The rating consisted of both local and international brands across banking, Fast Moving Consumer Goods (FMCG), telecommunications, media, agriculture, software engineering, financial technology, among others. Among the brands listed are Dangote, GTB, Facebook, Instagram, MTN Group, Globacom, Google, Zenith, Access Bank, Interswitch, Twitter, YouTube, Flutterwave, Paystack, Andela, Chivita, Indomie, Lake Rice, Wacot Rice and ARISE Play.

Konga was the only e-commerce brand that made its way into the list.

The report hailed Konga for growing the Nigerian e-commerce market with its novel omni-channel model fusing online shopping with brick- and-mortal stores, which has seen the brand becoming number one choice for consumers.  Also, it took a look at some of the strategic investments made by the new owners of Konga, even as the Board explained that such investments would go a long way in shaping up the e-commerce space in 2020.

“Konga, which was acquired by Zinox Group in January 2018, has contributed to the growth and sustainability of e-commerce in Nigeria,” the citation on Konga stated. “Two years down the line, Konga has maintained leadership position in Nigeria’s e-commerce space. One of the strides recorded is the roll out of brick-and-mortar stores in various Nigerian cities, which have grown its physical store presence to more than 30 nationwide.

“Today, Konga is nearest to the customers as a result of its ubiquitous physical stores which dot Nigeria’s landscape. Interestingly, these stores also serve a very important dual function; not only as ordering centres but equally as fulfilment centres where customers can pay and collect their items, including those ordered online. Having invested in critical infrastructure with the set-up of major regional warehousing facilities, Konga is set to shape the e-commerce industry in 2020.”

Reacting to the development, Konga Co-CEO, Imudia expressed his delight at the rating which he described as well-deserved. Further, Imudia revealed that the entire management and staff of Konga is further encouraged by the high expectations placed on Konga by the unbiased judgement of the assessors. According to him, Konga has no reason not to perform beyond expectations in 2020, even as he disclosed that the company has lined up a suite of exciting initiatives which will thrill the market.

“We are delighted by the inclusion of Konga in the list of top 20 global brands to watch in 2020 by the ThisDay Board of Editors. The rating is proof of the huge strides and landmark achievements that Konga has recorded in the sector. As a matter of fact, our determination to continually lead from the front in meeting and exceeding the aspirations of our growing customers, no matter where they may be, while also growing investor confidence in Nigeria’s e-commerce sector, is unmatched.

“This recognition has further emboldened all of us at Konga to show the world what makes Konga stand out in the market-place, especially as we continue to add new business units while unveiling our revolutionary strategies. The future is certainly bright for Konga and the se-commerce sector in Nigeria in particular and Africa in general,” he concluded.

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Ooni of Ife Extends Business Frontier with Audacious Takeover of Tingo

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Ooni of Ife His Imperial Majesty, Enitan Adeyeye Ogunwusi

 

Coca Cola, Pepsi, American Cola & all other popular brands in the soft drink sector & energy drink sector should get set for an immense battle royale, which would be to the great advantage of the consumers, as the newest brand to come into that sector arrived with a massive bang yesterday! And to the admiration of all.
Tingo set of drinks launched on Tuesday, April 16, 2024, at their expansive HQ, to the admiration of all to loads of unprecedented razzmatazz/fanfare with consumers greatly giving kudos for a good job well done.
Only 2 out of 9 variants were launched yesterday. The Tingo Cola & Tingo Electric Energy drink. And already people are anticipating the other variants with bated breaths! As they were quite impressed with what they have experienced already!
To state a fact without mincing words, the taste was amazing, as was the international style packaging, too, in reusable cans, with health considerations playing a major part in the production. Sugar content was exact without affecting the taste!
Even the name of the brand Tingo is also titillating, to say the least.
All of the 9 varieties of impressive drinks are set to be unleashed powerfully into the market pretty soon like a takeover by the company now captained by none other than his imperial majesty, Alaiyeluwa Oba Adeyeye Babatunde Enitan Ogunwusi, the Ojaja II, Ooni-Orisa Olofin Adimula of Ile-Ife.
The astute businessman cum royal father is said to have bought off the company from the former owner and has deliberately kept the fascinating name of the brand.
The amiable monarch, who is a youth advocate/encourager in all ramifications, who believes fervently that the sky is the beginning, and not a limit as it concerns any endeavour one finds in his/her hand to do, spoke at the launch, thus:
‘Nigeria can lead the entire continent of Africa to compete favourably in the global market with standard goods and services, particularly when it comes to carbonated drinks, beverages, and the likes’.
Ooni went further to say that Tingo Cola and Tingo Electric; a Flavoured Carbonated and Energy drinks, respectively, produced by Tingo B.V PLC is a spin-off company from Ojaja Pan Africa Limited, explaining that Nigeria has a lot to offer the world.
“It has been my dream from childhood to have a homegrown brand that will satisfactorily produce international quality drinks that will serve Nigerians, and present the country as a leader in the African market and on the global stage.
“Currently, we have the license under which we are producing Tingo Cola, Tingo Electra, Tingo Twist (Cucumber and Cranberry) and Tingo Booze Fruit mix. All of which are produced and packaged in Nigeria with recourse to our values and standards. All to be properly integrated with Ojaja bitters, Orange, Lemon/Ginger/Orange drinks. Also, most importantly, we should all work towards elevating our homegrown brands instead of demarketing them.”
Speaking further on his involvement in the commercial activities through these products, Ooni Ogunwusi said, “I have taken it upon myself to step into the market not as businessman but as a pathfinder who will show our people how to add value for international standard in production to distribution and consumption. It is a new model that will be a win- win for everyone.
“With this, I am targeting a total of five million direct and indirect jobs for the youths, particularly through retailing, recycling, and other forms of distributorship fully driven by technology. The youths are drivers of this initiative, and we are determined to achieve this purpose through a unique, proven technology and innovation. Under our Unified ecosystem of “the more we are together, the happier we shall be”


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Oando Boss Wale Tinubu Showers Encomium on Dangote @67

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Aliko Dangote with Wale Tinubu

‘Celebrate true friends. They are a part of you that always sparkle’ – Amy Leigh Mercree

The English-born actress may have had the boss of Oando Group, Jubril Adewale Tinubu in mind when she made this quote.

Truly, the trained lawyer never forgets to celebrate and appreciate his good friends whenever it is necessary. In fact, he is one gentleman who values and understands the definition of true friendship.

This played out yesterday, Wednesday, April 10, 2024, when he showered praises on his friend of many years, Africa’s richest man and Chairman of Aliko Group, Alhaji Aliko Dangote, when he clocked 67.

In celebration of Dangote, the oil and gas top player wrote:

“Happy Birthday to a visionary and accomplished entrepreneur whose impact continues to reverberate across Africa and beyond.

I hope your day has been filled with joy, laughter, and limitless blessings. May the world continue to recognise and applaud your remarkable achievements.

As you enter a new year, my prayer is that your commitment to building Africa never waivers but now and again you stop to appreciate the phenomenal difference you have made to the capacity of indigenous entrepreneurship on the global stage.

Wish you many more years in good health.

Dangote, a name that means so many things to many people. But what no one can deny is the fact that the name is essentially synonymous with success.

Since he made his mark in the nation’s business sector, many years ago, he has risen to become a glittering star in the business firmament.


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Inflation: Real reason Indomie reduced Prices of Popular Staple Food item Revealed

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A flagship brand under Dufil Prima Foods Limited, Indomie Instant Noodles, has announced a significant reduction in prices to ensure affordability for consumers amidst Nigeria’s escalating inflationary pressures.
The decision came as a response to mounting economic challenges faced by Nigerians, with the aim of maintaining accessibility to this popular staple food item.
And this has been confirmed by a recent survey conducted across various stores in Lagos, which revealed a notable decrease in the prices of Indomie products. The cost of the 70g pack of Indomie Regular Chicken noodles plummeted from N300 to N250 compared to the previous month.
Additionally, the price of a 40-pack carton of Indomie dropped from N12,000 to N10,000 within the same timeframe. Prior to this adjustment, Indomie’s prices had surpassed those of competing brands such as Mimee (N200) and Honeywell noodles (N250).
Temitope Ashiwaju, the group corporate communications & event manager at Dufil Prima Foods Limited, attributed the price reduction to favourable changes in operational costs.
He emphasised the company’s commitment to passing on benefits to consumers, stressing their dedication to fairness and affordability.
“We are never going to be taking advantage of the populace. We want to make profit, but in a fair way,” the spokesman added. “That is why we are determined to keep our products affordable to Nigerians.”
Contrary to speculations suggesting low patronage as the driving factor behind the price adjustment, Ashiwaju reaffirmed that the decision was rooted in the company’s ethos of customer-centricity and fairness.
Industry experts have hailed Dufil Prima’s move as influential, predicting a ripple effect that could prompt other brands to follow suit because Indomie’s dominant position in the market has positioned it as a price setter, prompting expectations for broader shifts in pricing strategies across the industry.
The price reduction by Indomie comes amidst a backdrop of economic challenges in Nigeria, characterised by soaring inflation rates.
Over the past nine months, Nigeria has witnessed a steady rise in headline inflation, driven primarily by government reforms such as the removal of petrol subsidy and naira devaluation.
As a result, food inflation has surged, exacerbating the financial strain on households and leading to an increase in poverty levels.
Despite these economic headwinds, a recent report by Euromonitor International indicates robust growth in the sales value of noodles within Nigeria’s formal market.


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