The deal approved by securities and exchange commission (SEC). Is expected to raise profile of e-commerce on the country.
Industrial Analyst say that the acquisition could lead to the integration of konga and yudala, which is owned by Zinox group. Mr Leo stan to prevent competition and merge it to the biggest e-commerce platform in Africa.
The head of corporate communication at the Zinox group,mr gideon ayogu said.
"konga is world-class, professionally run company whose landmark strides in the sector which has gone a long way in ushering millions of Nigerians into the ease and convenient online shopping and boosting Nigeria's e-commerce.
They will also be unveiling alot of initiatives and tell shoppers to watch out for amazing innovations, which will boost the customer experience of e-commerce in Africa.
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