Zinox Group Acquires Konga In a $10M Deal, Read Full Story Below;

It's so shocking to see this headline but the it's true. Zinox Group, which is an integrated ICT solutions and Original Equipment Manufacturer, has acquiired Konga after several months of negotiations with major investors, Naspers and AB Kinnevik. As part of the acquisition, Zinox Group would assume ownership of the e-commerce group.



Recall that in 2015, Konga acquired Zinternet owning 100% of Zinternet’s assets, including its mobile money license.

But now, the table has turned and Konga has now been acquired by The Zinox Group which happens to be the parent company of Yudala , a popular online store as well.

According to the report, Zinox Group will commence ownership of the e-commerce group which includes Konga.com, Nigeria’s largest online mall; KongaPay, a CBN-licensed mobile money platform with over 100,000 subscribers as well as KOS-Express, a digitally-driven logistics company.

The company said the acquisition was expected to create employment opportunities for over 5,000 Nigerians, both at home and in the Diaspora within a short period.


Zinox being the parent company of Yudala acquired the company for $10m – $15m and the acquisition has passed all regulatory approvals by the Securities and Exchange Commission.

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