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Konga, Yudala May Merge

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Konga, the e-commerce giant recently acquired by Zinox Group, may merge with Yudala this month, sources close to the two companies said.

 

The merger was part of the ongoing restructuring of the company aimed at building a strong brand and attaining market leadership in the e-commerce industry.

 

However, industry watchers observed that the merger between Konga and Yudala was a potential game-changer for e-commerce in the country.

 

According to them, combined strengths of Konga and Yudala will improve consumer experience by lending more convenience to the shopping process and expand access to a wider range of products, services and solutions for Nigerians.

 

Konga, founded in 2012 by Sim Shagaya, dominated the news recently following its acquisition by the Zinox Group, after months of intense negotiation with major investors, Naspers and AB Kinnevik.

 

As part of the restructuring in the company, a new management was announced recently with the appointment of Olusiji Ijogun, a seasoned and experienced technocrat as chairman and the former Vice President of Nokia, Nick Imudia, as the chief executive officer.

 

Yudala, which was launched about two years ago, offers a retail roll-out strategy and a network of physical stores, which has helped the company reach many unserved and underserved Nigerians.

 

Commenting on a possible merger between Konga and Yudala, the Lead Partner, Infusion Lawyers, Senator Ihenyen, said he was not surprised at the move, saying the merger would have many benefits for both brands.

According to him, Yudala will benefit from Konga’s massive online subscribers to market its products while Konga will leverage Yudala’s physical stores to deliver a unique shopping experience to Nigerians.

 

He said, “Over the years, Konga has successfully created a strong brand for itself in the e-commerce space in Nigeria. With this strong brand, Konga is in a great position to leverage Yudala’s fairly distributed physical stores in Nigeria. On Yudala’s part, by merging with Konga, it’s an opportunity to also leverage Konga’s 100-thousand-strong online subscribers, giving Konga subscribers the ‘real’ shopping experience. So, I think the merger will be a win-win for both Konga and Yudala. Of course, I expect Konga to absorb the Yudala brand.”

 

Ihenyen posited that the impact of the merger on the Nigeria’s e-commerce ecosystem would be a significant one, as e-commerce companies such as Amazon and Alibaba had started opening up brick-and-mortar stores for their customers, a trend, which had not been embraced in the country.

 

He said, “Brick-and-mortar stores are relatively costly to set up, especially in a market like Nigeria where there is no even distribution of urban life. But by establishing brick-and-mortar stores, e-commerce companies can add more value by giving their thousands of subscribers the shopping experience that is beyond just receiving stuff at their doorsteps.”

 

“Millennials now want to have more than just a click. They want to drop by, taking the fun offline. In the next few years, e-commerce stores and offline stores will be the same. Online stores will increasingly become a window-shopping experience, while offline stores will be the experience centres. This is the future.”

 

 


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E-Business

ISDL Achieves IMS Certification

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Integrated System and Devices Limited (ISDL), a major provider of electronic security solutions, is delighted to announce the successful attainment of ISO 14001:2015 and ISO 45001:2018 certifications following a rigorous audit process conducted by Bureau Veritas Certification Holdings SAS-UK Branch.

ISDL Achieves IMS Certification

In 2021, ISDL bagged the Quality management systems ISO 9001:2015, and now in 2024, with unwavering dedication to customer satisfaction, the occupational Health and Safety system ISO 45001:2018 and the Environmental management system ISO 14001:2015 have been consolidated to form an Integrated Management System.

These certifications, covering ISDL’s headquarters and branches, signify the company’s unwavering commitment to upholding the highest standards of quality management across all facets of its operations.

According to Oluseun Mabogunje, managing director of ISDL, the scope of the certifications encompasses the design, procurement, supply, installation, integration, maintenance, and after-sales support of various electronic security and Extra Low Voltage (ELV) equipment.

Mabogunje expressed his elation at receiving the IMS certifications, emphasizing ISDL’s dedication to delivering exceptional quality and service to its clientele. He emphasized that this achievement underscores the company’s ongoing pursuit of continuous improvement and customer satisfaction.

 

 

 


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Cybervergent’s Q1 2024 Report Reveals Rising Threat of Remcos RAT Malware in Financial Sector

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Cybervergent, a foremost technology company providing automated cybersecurity solutions, in its Quarterly Brief has revealed a troubling trend in the financial sector that shows a spike in attacks utilising the deceptive Remote Control and Surveillance Access Trojan (Remcos RAT) in Q1, 2024.

The findings affirm a stark forewarning to the financial institutions and organisations in the African continent, urging heightened vigilance and proactive measures to mitigate potential escalating risks.

Previously marketed as a legitimate software, Remcos got co-opted by malicious actors and is now a prevalent tool in cybercrime campaigns. This remote access tool grants attackers hidden entry into victims’ devices, allowing them to seize control, pilfer sensitive data, and even introduce stealth backdoors to compromise entire systems. The capabilities of Remcos are diverse and frightening, ranging from disabling vital security features like User Account Control (UAC) to covertly recording user activities.

“As vigilant cybersecurity gatekeepers, we have observed a significant surge in attacks leveraging the Remcos RAT malware,” said Gbolabo Awelewa, the Chief Solutions Officer, Cybervergent. “Financial institutions are particularly targeted due to the sensitive nature of their data and assets. Organisations must remain diligent and adopt proactive monitoring measures to safeguard against such threats.”

The proactive approach adopted by Cybervergent’s Cyber Operations Centre involves meticulous analysis of attacker tactics, constant updating of threat intelligence, and implementing robust endpoint security solutions. These measures are designed to detect, prevent, and neutralise Remote Access Trojans like Remcos, ensuring the continued security and compliance of organisations in the face of evolving cyber threats.

“Our mission is to fortify our clients’ defenses and ensure the seamless operation of their organisations,” added Gbolabo. “By staying ahead of emerging attack vectors and vulnerabilities, we empower businesses to take proactive measures and protect their valuable assets.”

Looking ahead, Adetokunbo Omotosho, Chief Executive Officer of Cybervergent emphasised the firm’s focus on empowering organisations to navigate the complexities of cybersecurity and compliance with dexterity and confidence.

“Cybervergent’s Assurance and Compliance Team has demonstrated unparalleled leadership in the cybersecurity domain, achieving significant milestones and delivering transformative solutions. Our journey through Q1 reflects a deep commitment to advancing the state of cybersecurity compliance, paving the way for a secure and resilient digital future for organisations in Africa and across the world”, he added.


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Konga Launches Free Same Day Deliveries on Starlink, Apple & Samsung Nationwide

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Konga, the only authorised shop-in-shop for Starlink Internet kits in Nigeria, is offering its customers free same day delivery across all major cities in the country.

With prices of Starlink Internet kits slashed by 50%, Konga is delivering additional value so that both homes and businesses in urban and remote places can enjoy infinite possibilities with their internet on both their standard and enterprise installations. This offer which is available both online and in its retail stores nationwide is exclusive to new and existing customers this month.

With the improvement in prices on both original standard and enterprise Starlink kits, customers can now enjoy a global warranty and direct installation services by purchasing only on Konga.

Since the launch of the partnership with the Elon Musk owned satellite internet provider, Nigerians have continued to celebrate the uninterrupted supply of fast and efficient cyber network services from the authentic devices available on Konga.

In addition to Starlink, other unique items from leading global companies such as Apple, HP, Lenovo, Samsung, Zinox, Philips, Intel and many more are available at unbeatable discounts in the Konga Tech Month from the 1st and will run till the 31st of May 2024.

The Konga Tech Month was extended from its traditional 7day promotion to 30days to give more people access to exclusive deals throughout the month. To enjoy these mouthwatering offers, visit konga.com or any of its physical outlets today.


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