Nigeria’s Konga will invest N2.9 billion in its logistic arm, K-Xpress

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THISDAY reports that to build a world class delivery solutions company that will resolve logistics challenges, Konga, Nigeria’s e-commerce giant, plans to invest N2.9 billion in its logistics arm K-Xpress.

Olusiji Ijogun, Chairman of Konga, who disclosed the project during a technology show at the Sheraton Hotel, Ikeja, also revealed how Konga managed to cope with the problems of delivery which has stunted e-commerce in Nigeria. He noted that the new management of Konga has injected over 43 new vehicles and 100 brand new motorcycles into the system since it took over.

Ijogun said the company has already started implementing plans to create a lasting solution that will work not only for Konga, but other third party logistics companies in Nigeria. He said “the plan is to add 200 new vans and 1000 motorcycles to the system nationwide. One aspect of this investment is our intention to work with other credible, hard working Nigerians as franchises to create jobs for more people while the second part is our determination to guarantee same day delivery anywhere in Nigeria”.

The Chairman of Konga added that “we must understand, however, that solving this challenge goes beyond increasing the number of vehicles at our disposal. We are also investing very heavily in setting up logistics centres nationwide, boosting our technology and human capital”.

Ijogun, who assumed the position of chairman in April 2018, said the new initiatives will manifest in the first quarter of 2019. He also noted that the company is working hard behind the scenes to raise standards in the e-commerce industry.

 

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