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E-commerce in Africa: Konga Co-CEO to Share Insights in Global Conference Today

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Prince Nnamdi Ekeh, co-ceo of Nigeria’s leading e-commerce giant, Konga Group and founder, Yudala.com, has been solely selected to speak on a global conversation on e-commerce in Africa.

Prince Nnamdi Ekeh

The session holds on Friday, August 27, 2021 by 5pm.

Specifically, the conference which is hosted by the Foreign Investment Network (FIN), a UK-based global consulting platform, will hold virtually via Zoom.

The conference is supported by a host of international partners including Forbes and CTO Council, among others.

Prince Ekeh is expected to address a number of issues bordering on the growth, challenges and prospects of e-commerce in Africa, while also sharing some useful insights for prospective investors looking to cash in on the rising wave of the digital movement across Africa led by e-commerce.

In addition, the Konga Co-CEO will expectedly provide some details into the impressive growth trajectory and strategies that have transformed Konga into arguably the continent’s most promising e-commerce player which has hit profit barely after three years of its acquisition by the Zinox Group.

Registration has already commenced for free participation in the conference, with interested attendees expected to indicate their interest here: LINK

Prince Ekeh, who is widely regarded as a tech whizkid, was singled out for participation in the global conference in view of his remarkable experience and understanding of e-commerce in Africa.

A thoroughbred entrepreneur by nature and from the largest integrated technology business family in Africa, Prince Ekeh started out in the trading business early in life before his undergraduate studies.

At the age of 22 and barely a month after his graduation, as a Youth Corps member, he launched Yudala.com, pioneering the first composite (online and offline) e-Commerce company out of Africa.

He also achieved the first drone delivery in the e-commerce world before the initiative was suspended after authorities in Nigeria insisted his company secured the required licences.

The delivery was made to an Access Bank online customer. Yudala, his start-up, which took the e-Commerce world by storm with a staff strength of over 250 employees, was an instant success.

A gifted, creative digital native, Prince Ekeh was responsible for the negotiation and strategic acquisition of Konga Group by Zinox Technologies Ltd. from erstwhile owners, Naspers and AB Kinnevik in 2018.

He was also instrumental in leading the team that oversaw the successful merger of the operations of Yudala and Konga a few months after, birthing arguably Africa’s biggest composite e-commerce platform.

A global citizen, Prince Ekeh graduated with a Bachelor of Arts degree majoring in Economics, Politics and Entrepreneurship from the University of Lancaster, UK.

He has also undertaken Senior Management programmes at the Lagos Business School and Harvard University, among others.

Cerebral, ambitious and a multiple industry award winner, Prince Ekeh is the recipient of a number of recognitions including the Disruptive Young Entrepreneur of the Year (2017) at the Titans of Tech Awards (2017); Icon of Human Transformation Award by NANS; The Future Awards for Business Excellence as well as Top 100 Most Influential People of African descent (MIPAD) in response to the proclamation by UN General Assembly resolution 68/237, among others.


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

Telecom

Reps Approve NCC’s N479.508Bn Budget for 2026

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House of Representatives, during Tuesday’s plenary, approved the sum of N479.508 billion budget for the Nigerian Communications Commission (NCC) for the 2026 fiscal year.

Reps Approve NCC’s N479.508Bn Budget for 2026

The resolution was passed after the clause-by-clause consideration of the report at the Committee of Supply.

While giving synopsis of the report,  Peter Akpatason, chairman, House Committee on Communications, explained that the total sum of N479,508,260,000 is to be issued from the Statutory Revenue Fund of the Nigerian Communications Commission.

Out of the issued sum, N124,440,652,000 is meant for Recurrent Expenditure; N26,779,045,000 is for Capital Expenditure; N32,011,492,000 is for Special Projects, while the sum of N20 billion is for Transfer to Universal Service Provision Fund (USPF), N276,277,071,000 is for Transfer to Federal Government for the financial year ending 31st December, 2026.


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NCAN Commends NCC for Mandating Telcos to  Compensate Subscribers for Poor Services

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National Consumers Advocacy Network (NCAN), a  consumer advocacy group focused on protecting the rights of consumers, has commended the Nigerian Communications Commission (NCC),for introducing a policy compelling telecom operators to compensate subscribers for poor network service.

NCAN Commends NCC for Mandating Telcos to  Compensate Subscribers for Poor Services

In a statement issued on Tuesday and signed by Dr Tobi Olanrewaju, its president, the group described the directive as a bold and consumer-focused intervention.

The group noted that the move, which has already seen major telecom operators begin compensating subscribers with airtime credits, marks a shift from what it described as regulatory leniency to measurable accountability.

“For years, Nigerian telecom subscribers have endured suboptimal service quality with little or no consequence for operators,” the statement read.

“What we are witnessing under Dr Aminu Maida is a clear assertion that regulatory oversight must translate into tangible benefits for consumers. This is not merely about compensation; it is about restoring trust in the system.”

According to Olanrewaju, the policy’s provision for automatic compensation without requiring subscribers to lodge complaints demonstrates a strong understanding of the challenges faced by many Nigerians.

“This intervention acknowledges a fundamental principle that the burden of service failure should not rest on the consumer,” he said.

He added that linking compensation directly to actual service disruptions at the local level sets a new standard in regulatory practice.

The group also praised the Commission’s decision to monitor service quality at the Local Government Area level, describing it as a step towards capturing real user experiences rather than relying on general national data.

Olanrewaju further commended the Commission’s simultaneous push for telecom operators to invest in network upgrades, noting that the approach addresses both immediate and long-term concerns.

“While consumers receive immediate value for past deficiencies, the root causes of poor service are being systematically addressed,” he said.

The advocacy group urged telecom operators to embrace the directive as an opportunity to rebuild consumer trust and improve service delivery.

It also called on other regulatory agencies to adopt similar people-centred approaches in tackling systemic challenges across sectors.

“Dr Maida has demonstrated that regulation, when properly executed, can serve as a powerful tool for social and economic justice,” Olanrewaju added.

The group reaffirmed its support for the Commission’s ongoing reforms and called for sustained collaboration between regulators, operators, and consumers.

It added that the true success of the policy would be measured by lasting improvements in network performance across the country.


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Telcos Recover N2 Trillion following Crackdown on Indebted Subscribers

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Telecommunications operators in Nigeria have reportedly recovered over N2 trillion from subscribers in a sweeping debt recovery campaign that has left millions unable to make calls due to unpaid airtime and data loans.

Telcos Recover N2 Trillion following Crackdown on Indebted Subscribers

The aggressive enforcement follows new compliance requirements introduced by the Federal Competition and Consumer Protection Commission (FCCPC), which telecom operators reportedly failed to meet, according to The News Chronicle.

This led to the suspension of airtime and data lending services and triggered a nationwide push to recover outstanding debts.

As part of the measures, indebted subscribers have had their lines restricted from making calls until their loans are fully repaid.

The move has disrupted daily life across Nigeria, particularly for small business owners and workers who depend heavily on mobile connectivity.

The lending service, valued at over N400 billion annually, has long served as a financial lifeline for many Nigerians, especially those without access to formal credit systems.

However, its sudden suspension has forced users to seek alternative means to clear their debts or abandon their lines altogether.

Meanwhile, a legal dispute involving Nairtime Nigeria Limited has added another layer of complexity.

A Federal High Court in Abuja recently ordered MTN Nigeria and Airtel Nigeria to maintain access to key telecom infrastructure, including USSD and SMS services linked to the platform.

Despite the court’s interim injunction, lending services tied to the platform remain unavailable, indicating ongoing tensions between telecom providers, regulators, and fintech firms.

Industry stakeholders warn that the disruption highlights deeper challenges within Nigeria’s digital economy, where telecom infrastructure increasingly supports financial services.

Millions of users who rely on airtime and data borrowing remain disconnected, caught between regulatory policies, corporate disputes, and the need for affordable communication.

As pressure mounts, both regulators and telecom operators are expected to seek a resolution that balances consumer protection with uninterrupted access to essential digital services.


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