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Zinox Group Acquires Konga in a deal worth $10m

Nigerian Largest Leading E-commerce giant, Konga, has been acquired by Zinox Group – ICT solutions conglomerate and OEM. The acquisition is expected to raise the profile of e-commerce in the country and provide employment to Nigerians in the country and in diaspora.

Meanwhile, an industry source revealed that the transaction had been approved by the Securities and Exchange Commission (SEC).

As part of the acquisition, Zinox Group would assume ownership of the E-commerce group, which includes:, KongaPay and KOS- Express.

Mr. Gideon Ayogu, the Head of the Corporate Communications, Zinox Group, confirmed the development, said:

“We have always had an interest in Konga and another big one you know very well but our priority was Konga first because of her integrated nature of four quality companies in one.”

The acquisition was seen as a major development that could see E-commerce in Nigeria finally unlock the massive revenue potential in the global multi-billion-dollar industry.

What’s your say about the acquisition of Konga?


  1. Bright Bright February 5, 2018

    Swift and cool move from Mr Gideon for his being versatile.

  2. Ayo ade Ayo ade February 5, 2018

    Konga has been really under the water lately but hopefully the takeover will bring in new ideas Nd improvement

  3. Harry Harry February 5, 2018

    Hmm. The money used to acquire this e-commerce store is too low. Is it that konga has no value?

    Get more tech info from this blog

  4. Harun Khalid Adeiza Harun Khalid Adeiza February 5, 2018

    Hunh! That’s cool! We are expecting better performance and good services with the new owner of KONGA.
    Thanks for the info boss.

  5. Haruna Mustorpha Haruna Mustorpha February 9, 2018

    As its been sold out to another brand.. He should make it so nice to us.. We need awoof discounts.. Good services as well.. I hope for better service. Thanks!

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