Connect with us

Business

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

Published

on

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.

Continue Reading

Banking

Wema Bank Opens Final Window for One-Day MD/CEO Challenge Ahead of Children’s Day

Published

on

Wema Bank

Wema Bank Children’s Day entries close on May 20 as the bank invites children to compete for a one-day MD/CEO experience

(more…)


74
/ 100


SEO Score

Continue Reading

Business

XM Future Music Group Investment Platform Allegedly Collapses, Users Lose Funds

Published

on

XM

Nigerian investment platform XM Future Music Group collapses amid concerns leaves users unable to withdraw funds amid concerns over suspected Ponzi scheme promising high returns

(more…)


74
/ 100


SEO Score

Continue Reading

Business

Kola Karim’s Shoreline Group Signs $300 million Deal With Accor to Develop Nigeria’s First National Hotel Platform

Published

on

By

Kola Karim’s Shoreline Group has signed a letter of intent with Accor, a world leading hospitality group to establish Nigeria’s first national hotel platform.

The signing took place during the Africa Forward Summit 2026 hosted jointly by Kenya and France in Nairobi.

This ambitious partnership is set to make a significant contribution to the evolving Nigerian hospitality landscape with a substantial investment from Shoreline of $300 million, leveraging Accor’s renowned brand portfolio and expertise.

As gathered the strategic collaboration aims to develop a hotel network across Nigeria, encompassing 10 hotels across eight cities and over 1,200 rooms by 2030.

These properties will span various segments, from midscale to luxury, catering to diverse travelers and contributing significantly to the nation’s tourism growth. The project also includes the establishment of a dedicated hospitality training Academy to nurture local talent and create approximately 1,000 direct jobs.

Mr. Sébastien Bazin, Chairman and CEO of Accor, stated: “We are thrilled to partner with Shoreline Group to unlock the immense potential of Nigeria’s hospitality sector. This partnership is a testament to our belief in Nigeria’s dynamic future.

“By combining Shoreline’s deep understanding of the local market with Accor’s global expertise and diverse brand portfolio, we are poised to create an unparalleled hospitality offering that will set new benchmarks for quality and service.

“Crucially, the establishment of the Accor Academy is integral to this vision, enabling us to deliver immediate talent development for the Shoreline hotel portfolio, demonstrate our long-term commitment to Nigeria through dedicated training facilities, and solidify Accor’s position as the employer and educator of choice in West Africa.”

The Agbaoye of Ibadanland and  Chairman of Shoreline Group, Karim,  commenting on the development said: “This partnership is central to Shoreline’s strategy of building institutional-quality infrastructure platforms across Africa.

“We anticipate hospitality infrastructure becoming increasingly vital for capital movement and development, particularly in Nigeria where high-quality room supply is underserved. Our choice to partner with Accor highlights our focus on operational excellence and long-term value.

“The hospitality academy is crucial, alongside physical hotels, for developing local talent to sustain international standards. It will support our portfolio and enhance Nigeria’s hospitality workforce.

“This investment aligns with Shoreline’s broader focus on strategic assets in energy, infrastructure, and industrial development. We view hospitality as a natural extension: real infrastructure supporting economic activity, local capability, and national growth.”


43
/ 100


SEO Score

Continue Reading

Trending News