Home African CEOs Profiles Konga to re-launch ‘pay on delivery’ on August 1st, 2018
Profiles - Startup - July 27, 2018

Konga to re-launch ‘pay on delivery’ on August 1st, 2018

Nigerian E-commerce Company, Konga, has announced plans to re-launch ‘pay on delivery’ service on their platform come August 1st, 2018.

Konga CEO, Nike Imudia, made the statement on Wednesday in Lagos saying that the company achieved same-day delivery of approximately 97 per cent product orders in major cities in the past 30 days causing them to consider re-launching the Pay on Delivery (POD) service.

According to him, the re-launch to take place on August 1, will start with customers in Lagos before extending to others from Sept. 1.

“Payment On Delivery was suspended when erstwhile owners – Naspers and AB Kinnevik – were in discussions before the acquisition of the business by the Zinox Group.

“After the acquisition, we have taken our time to restructure and improve our technology and capacity in terms of our own staff and logistics to meet customers’ expectations.

“We have invested substantially in our logistics arm to meet the commitments of not just POD, but also to achieve a minimum of 85% same-day delivery of major products categories across the nation by July 2019.

“We have decided to take the bull by the horns with new mega warehousing and storage facilities being opened across the country,” he said.

ALSO READ: 29 African entrepreneurs receive e-commerce training in China

Mr. Imudia also said Konga was expanding its retail network with a target of 100 stores before the end of 2019 and a long-term ambition of achieving 774 stores by 2022.

He said that Konga was keen in its quest to revolutionise the e-commerce space in Nigeria and beyond and would be leveraging its composite structure and fusion of online and offline in ensuring a world-class customer experience.

“It will also lead to improved standards and growth in the Nigerian and African e-commerce eco-system,’’ he said.

Leo Stan Ekeh, chairman of the Zinox Group, after acquiring Konga, said that the e-commerce platform would hit a market valuation of over $4 billion by 2022.

He said that the figure had to do with structures being put in place by the new management, many of which, he said, would empower millions of Nigerians and other Africans.

Check Also

Bola Tinubu: 7 Signs on the Street that’ll Judge Him as President 

President-Elect, Bola Tinubu will be sworn in as Nigeria’s 17th President on May 29, 2023.…