Konga to pump in N2.9 billion into logistics arm
Konga, a Nigeria-based e-commerce company, has announced its plan to invest N2.9 billion into its logistics arm, Kxpress, The investment, according to the company, is intended to build a world-class delivery solutions company that will resolve the logistics challenges in Nigeria.
Sep 26, 2018: Konga, a Nigeria-based e-commerce company, has announced its plan to invest N2.9 billion into its logistics arm, Kxpress,
The investment, according to the company, is intended to build a world-class delivery solutions company that will resolve the logistics challenges in Nigeria.
Konga in a statement on Sunday said the company would embark on a massive expansion of its fleet of delivery vans and motorcycles nationwide to ensure same-day delivery. With an addition of 200 new vans and 1000 motorcycles, Konga will also step up its investment in warehouses in strategic parts of the country to achieve its objective.
Olusiji Ijogun, chairman of the e-commerce player, said that the management of Konga hoped to reduce the complexities associated with e-commerce in Nigeria.
According to him, delivery remains one of the major headaches confronting the e-commerce industry in Nigeria owing to the massive investment required to cover the length and breadth of the country as well as the lack of capacity among delivery companies – obvious challenges that Konga is eager to overcome.