Konga To Boost E-Commerce With N2.9 bn Investment In K-Xpress
Konga, Nigeria’s composite e-commerce giant has actually revealed that the business is set to invest N2.9 billion in its logistics arm, K-Xpress to build a first-rate shipment solutions company that will fix the logistics obstacles in Nigeria’s e-Commerce emerging business.Chairman of Konga, Olusiji Ijogun, made the disclosure during a current innovation show at the Sheraton Hotel, Ikeja, Lagos Ijogun, who was congratulated for the quick turnaround of Konga after its acquisition by the Zinox Group in January 2018, likewise spoke on how Konga has handled to cope with the issues of shipment which has actually stunted e-commerce in Nigeria.Ijogun, who confessed that logistics stayed a major challenge for e-commerce, however noted that the new management of Konga has actually injected over 43 brand-new lorries and 100 brand new bikes into the system considering that it took control of, keeping in mind that the company has actually already commenced work to develop a long lasting solution that will work not only for Konga however other third-party logistics business in Nigeria.”We have actually received approval from the board of Konga to invest about N2.9 B in Kxpress to expand the fleet of automobiles readily available in the pool in order to reach the last-mile faster and more conveniently.”The strategy is to add 200 brand-new vans and 1000 motorcycles to the system across the country. One element of this financial investment
is our objective to deal with other credible, dedicated Nigerians as franchises to create tasks for more individuals while the 2nd part is our determination to ensure very same day delivery anywhere in Nigeria. Customers in Abuja, for instance, might start delighting in same day shipment from first week of October and exact same will be extended gradually nationwide.”We must comprehend, nevertheless, that fixing this challenge exceeds increasing the number of vehicles at our disposal
. We are likewise investing greatly in setting up logistics centres nationwide, increasing our technology and human capital,”he disclosed.While prompting consumers who have needed to bear some troubles to keep faith with the Konga brand name, Ijogun who presumed the position of Chairman at Konga in April 2018,
further noted that the management of the business is working hard behind the scenes to raise requirements in the e-commerce market, noting that the new efforts will manifest in the first quarter of 2019.”Nigeria will feel the power of Konga as a clear leader in the Nigerian e-commerce area from the very first quarter of 2019.” Our objective is to build a world class composite e-commerce company that appreciates the requirements and goals of individuals and creates tailor-made options to solve them.
We have filtered the system within the very first few months given that we took control of to eliminate phony items and we have accomplished about 97 percent of same day delivery of authentic products within our network but the aspiration is to reach 100 percent,”he added.