Kinnevik AB

5 takeaways from the curious case of Konga’s 184,000 customers

by Chi Ibe Last week’s release of Konga’s performance in the second quarter of 2016 by Kinnevik AB – investors in Konga – invited an outbreak of analysis, both about the results themselves, and what it means for the future of e-commerce in Nigeria. Kinnevik have a 34% stake in Konga, and have been investors... Read More

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e-commerce, ijgb, Jason Njoku, Jeff Bezos, Jumia, Kinnevik AB, Konga, Media, nigeria, Shola Adekoya, sim shagaya

July 27, 2016

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The thread: Is Nigeria’s market big enough for e-commerce?

A report by Swedish investment firm Kinnevik AB on its investments in E-commerce startup Konga, revealed that even though Nigeria boasts a population of 180 million, Konga has just 184,000 active customers. Is the market big enough to sustain an e-commerce business? Take a look at the thread below. https://twitter.com/DoubleEph/status/758252206902669312 https://twitter.com/DoubleEph/status/758252658876612608 https://twitter.com/Gidimeister/status/758267939439140864 https://twitter.com/oged07/status/758270829809500160 https://twitter.com/Gidimeister/status/758271408204111873 https://twitter.com/oged07/status/758271826262884352... Read More

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e-commerce, Jumia, Kinnevik AB, Konga, report