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Zinox is re-inking its future with the acquisition of Konga, the e-commerce group that includes Konga.com; KongaPay, a CBN-licensed mobile money platform with over 100,000 subscribers as well as KOS-Express, a digitally-driven logistics company.
Zinox, founded by Leo Stan Ekeh more than a decade ago, is Nigeria’s top indigenous ICT original equipment manufacturer (OEM) brand and likely has over 70% market dominance of the local computer market with its Zinox brand systems.
Ekeh confirmed the acquisition in a phone chat with IT Edge News yesterday affirming his vision to make the Zinox corporate brand the most robust industry statement in Nigeria’s digital space.
Zinox forage into Nigeria’s ecommerce sub-sector first started with BuyRight Africa.com more than a decade ago but the brand went cold. It returned with Yudala years back which has become a niche ecommerce platform. Konga will strengthen its grip in that sub-sector and possibly rework the country’s steadily growing ecommerce with mobile money market. Zinox comes to the market with tons of experience and money to firm up the sustainability of its new deal.
Zinox acquired Konga from the two major investors: Naspers, a broad-based multinational internet and media group based in South Africa, offering services in more than 130 countries; and AB Kinnevik, the Swedish investment company, founded in 1936, and which invests primarily in digital consumer brands.
The Zinox Group confirmed that the acquisition has passed all regulatory approvals by the Securities and Exchange Commission. It is looking at creating more than 5,000 additional jobs as it repositions Konga.
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