konga annual revenue

Another way to prevent getting this page in the future is to use Privacy Pass. Increased digital reach Konga boost revenue 451% via SEO. Adedotun Bamigbola, Chairman, Nigerian Institution of Estate Surveyors and Valuers (NIESV), Lagos chapter, told Nairametrics that though where to buy real estate largely depends on the status and purpose of the investors, some zones will yield more returns to the investors in 2021. It is true we are incurring huge losses now based on the e-commerce business model. Breaking News Business & Economy. “The PTF is progressing on the issue of accessing vaccines for Nigerians and that  additional information would  be provided to Nigerians on accelerated vaccines introduction and deployment plan. Konga generates $3.5M in revenue; How much funding does Konga have? READ: COVID-19 vaccine: Africa to get 50 million doses from Pfizer and BionTech. READ: NPHCDA to address infrastructural gaps in COVID-19 vaccine supply. Your email address will not be published. Indeed, we are preparing to lead in this space.”, [READ ALSO: What Is A Stock Split and How It Affects You]. Although the details of Konga’s financial result were not made public, Co-Chief Executive Officer of the company, Prince Nnamdi Ekeh, said the company had recorded an impressive turnover since Zinox acquisition of Konga in February 2018. Soc. The curtain is set to come down on this year’s edition of the wildly popular month-long shopping fiesta which has seen Konga live up to billing, shattering all existing records for the annual sales extravaganza. READ: PTF on Covid-19 certifies NYSC orientation camps ready to open on November 10, “​As at date, the statistics for Nigeria shows the following: Cumulative cases: 91,351; Cumulative Tests: 958,911; Deaths: 1,318 and Week 53 recorded 57 deaths which is the highest for any single week since we started.”. READ: Covid-19: 4 states account for 64% of testing – FG. READ: Buhari moves against DISCOs that collect money for prepaid meters, READ: Inflation rate, yet to factor in rise in higher electricity prices, READ: What to do if your DisCo has not complied with reversed electricity tariff this week. Archive. Online Classified Ads – Revenue Model. The spate of housing construction in several locations in Lagos is bringing hope of an imminent recovery in the sector in 2021. Audit Semi Senior KPMG Professional Services. Investing in real estate now is the right investment move anybody can undertake, especially along the Ibeju Lekki axis.”. In 1990, Steve Ditko illustrated a back-up story in Web of Spider-Man Annual #6 called "Child Star". HWL . Konga Raises Curtains On Biggest Sale Of The Year – www.brandspurng.com. READ: Increase in electricity tariff and fuel price is counterproductive – ActionAid Nigeria. Information on acquisition, funding, cap tables, investors, and executives for Konga. “Chevron showed the highest yield of 6.87% on investment and is expected to do more in 2021, next was Agungi (6.31%), while Osapa came in third with 6.06%. In separate interviews, they explained that discerning investors should buy real estates around Lekki axis, Banana Island, Ikoyi, Surulere, Ikeja GRA, Magodo, Gbagada areas of Lagos and border towns like Arepo, Magboro, Sango-Ota in Ogun State, amongst others. 731 out of the sampled 35,419 NYSC Batch B members have tested positive for the COVID-19 pandemic. Lagos. Jumia's main competitors are DealDey, Takealot Online, and Konga. Konga reportedly grew 2014 revenue 450% … Use the PitchBook Platform to explore the full profile. It is classified as operating in the Toy & Hobby Goods & Supplies Merchant Wholesalers industry. He said a great number of people are moving towards Lekki axis due to the prospects they see in the area. Kong's annual revenues are $100-$500 million (see exact revenue data) and has 100-500 employees. “The median yield in Lagos state from this consensus analysis is 4.32% and it is obtainable in Yaba.”. Jumia announced today financial results for its fourth quarter ended December 31, 2017, and for the full year 2017.. Jumia, the leading online eCommerce ecosystem in Africa, grew GMV by 64,5% to 197,9 MEUR (+113% in constant currency) in the fourth quarter … The DG, the Lagos Chamber of Commerce and Industry (LCCI), Dr Muda Yusuf, has called on the FG and electricity distribution companies (DisCos) to adopt a strategic approach to the nation’s electricity pricing, so as to facilitate a smooth transition to new electricity pricing regime. Nairametrics research understands millions of dollars in diaspora inflows are being channelled into the sector. Konga, one of the first e-commerce companies in Nigeria, came into the market in 2012 with $3.5 million in seed investment, according to its annual reports. It offers a third-party online marketplace, as well as first-party direct retail spanning various categories including consumer electronics, fashion, home appliances, books, children's items, health care and personal care products. … When I spoke to Conga at the time of its annual conference in early March — one of the last tech industry conferences to take place before the pandemic shutdown made such gatherings impractical — the company was saying that it had more than 11,000 customers and revenues at an annual runrate above $100 million. Mr. Mustapha stated that 731 out of the 35,419 Batch B members tested via RDTs, indicating about 2.1% of the total sample size, turned out positive for the deadly virus. Jumia's IPO generated $196M. On the other hand, the Chairman announced that the PTF has commenced sanctions on passengers who defaulted on day-7 post-arrival tests, stating that their passport numbers have been published and that travel restrictions have been imposed on them for a period of six months, effective from January 1, 2020. “Per house types, Island 1 zone has the highest values (rental & sale) for both 3-bedroom and 4-bedroom houses. Your IP: 104.199.55.232 Juliet Anammah is the CEO of Jumia. It is classified as operating in the Toy & Hobby Goods & Supplies Merchant Wholesalers industry. Olalekan is a certified media practitioner from the Nigerian Institute of Journalism (NIJ). This site uses Akismet to reduce spam. This might involve a one-off membership fee and a monthly, quarterly or annual subscription fees. Why Jumia's annual revenue is $149.6 Million. Konga.com is an electronic commerce company. This is evident from the huge strides we have recorded over the period and the several other viable business units and subsidiaries that have taken flight within the Konga Group. Konga received USD $3.5 million worth of orders during its 2014 Black Friday promotion, compared to USD $300,000 during the promotion in the previous year. The Nigerian economy slipped into recession in Q3 2020 as the impact of Covid-19 took its toll on several sectors including the real estate, which has been in a recession since the 3rd quarter of 2019, ballooning to 21.99% in the second quarter of 2020 before retreating to 13.4% in the third quarter. Instead, they are considering a number of options centred around downsizing the space they currently occupy, as many have realized that they can operate without the entire team in the same brick and mortar space. Despite the optimism expressed by the realtors, a number of them argued that the office market segment of the sector may suffer certain setbacks due to the pandemic. Konga has historically raised $78.5M in funding Learn how your comment data is processed. Mr. Mustapha said: “It is on record that cases were recorded from corps members from every state of the federation. D&B Hoovers provides sales leads and sales intelligence data on over 120 million companies like KONGA around the world, including contacts, financials, and competitor information. Revenue Reporting Konga Online Shopping Ltd. 2014 – Present 6 years. Conga CEO Matthew Schiltzsays average customer pays $7.3K company has raised $130.0M, hit $80.0M in revenues. If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices. The e-commerce business is yet to be profitable for online-marketplace companies in Nigeria, however, Konga in the past had reiterated that it would be the first e-commerce company to hit profit by 2021, despite the presence of strong competitors like Jumia. “Island 1 zone recorded the highest land prices, which is expected to be repeated in 2021, followed by Mainland 3. The development has enabled industry stakeholders to be optimistic that despite the second wave of the pandemic, the sector will yield returns to investors in 2021 for various reasons. KONGA has 2 employees at this location and generates $61,306 in sales (USD). E-Commerce companies in Nigeria (and Africa at large) have generally struggled overtime to make profits. Contact for tips: [email protected]. In the era of media convergence, Olalekan is a valuable asset, with ability to curate and broadcast news. Note: Sixteen physical stores and hubs are currently being operated by Konga in Lagos, with more than that across Nigeria. Arik Air resumes flight operations Oct. 24. This was followed by a one-shot reprint issue in 1968. Environmental, Social and Governance Our Businesses. Danbatta Visits Emir of Kano, Sues for Peace . “We are ambitiously scaling Konga, and that is why we launched a successful Konga Travels and Tours that is currently making huge waves in the travel booking industry. N igeria’s GDP growth leapfrogged from 0.8% in 2017 to 1.9% at the end of 2018. 2019. Another member of NIESV, Lola Afolabi, agreed with Bamigbola, as she projected that land and house prices in Lekki Ikate, Chevron axis, Sangotedo and Lakowe are likely to keep increasing as the area welcomes more developments like Lagos Free Trade Zone, 4th Mainland Bridge and new city – Alaro City, which are all expected to come on stream in a few years. € 2.000.000 Special Forces Equipment NATO Suppliers List NCAGE No. “Ikeja GRA and its surrounding areas like Maryland, Mende, Shonibare estate remains the most expensive locations on the mainland part of Lagos state. See more Conga data on Latka Black Friday Promotion. There are 2 companies in the KONGA corporate family. Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. In addition, we have other approved projects and new lines of businesses that are set to be unveiled soon. READ: Covid-19: FG publishes list of suspended passports for refusing post-arrival Covid-19 test. Jumia is an online marketplace that enables users to shop for clothes, electronic appliances, beauty products, and fashion accessories. On vaccines, he stated that the PTF is working on accessing the vaccines and also making adequate plans for the proper deployment of the vaccines. This reclassification amounted to €0.5 million in the fourth quarter 2018 and €1.5 million for the full year 2018. Annual Reports; Departmental Interpretation and Practice Notes; Board of Review Decisions; Ordinances Administered; Prosecution Cases; Press Release; Stamp Duty statistics; Access to Information; Policies. since Zinox acquisition of Konga in February 2018, Jumia explains how its “interconnected ecosystem” will help drive growth, the first e-commerce company to hit profit by 2021, company recorded cost reduction within eighteen months, What Is A Stock Split and How It Affects You, Short-stay apartments record boom, amid COVID-19 second wave fears, Covid-19: FG publishes list of suspended passports for refusing post-arrival Covid-19 test, PTF on Covid-19 certifies NYSC orientation camps ready to open on November 10, COVID-19 vaccine: Africa to get 50 million doses from Pfizer and BionTech, NPHCDA to address infrastructural gaps in COVID-19 vaccine supply, Covid-19: 4 states account for 64% of testing – FG, Increase in electricity tariff and fuel price is counterproductive – ActionAid Nigeria, NERC Will Punish Any Disco That Rejects Electricity From TCN, Buhari moves against DISCOs that collect money for prepaid meters, Inflation rate, yet to factor in rise in higher electricity prices, What to do if your DisCo has not complied with reversed electricity tariff this week. 2014 – Present 6 years line with investors ’ expectations is classified operating. 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