Nigeria’s Konga targets $5 million daily turnover by 2022 – $10 million by 2024

Telecompaper | Nigerian e-commerce company Konga says its business will reach the US$10 million daily turnover mark by 2024, Communicationsweek reported. Konga said that the growth trajectory and overall operational efficiency, backed by its reduced losses, are critical factors in the projections. Nick Imudia, the co-CEO (Online), said that Konga has put the necessary machinery in place to achieve the goal.

Imudia said that Konga would work assiduously to reach a target of US$5 million daily turnover by 2022.

Konga has largely restored investor and customer confidence after a testy 2019, said Communicationsweek, with allegations against another major player. Konga remains the only e-commerce brand in Nigeria operating an omni-channel structure, with more than 30 stores in the country.