The chief executive officer (CEO) of Konga.com, Sim Shigaya, says the money raised from Naspers’ investment in the e-commerce site will be spent on improving logistics, strengthening the site’s platform and building necessary infrastructure for the company in Nigeria.
Speaking in an exclusive interview with HumanIPO, Shigaya said the management of Konga.com is pleased with Naspers’ investment in the company.
“They are long-term investors, they are ultimately African and are one of the greatest corporations to have come out of this continent,” he said.
HumanIPO last week confirmed South Africa-based Naspers had acquired a stake in the Nigerian online megastore.
Meloy Horn, Naspers’ group information relations officer, told HumanIPO they had invested in Konga.com anticipating favourable collaborations involving both parties in future.
Horn said: “Nigeria will possibly soon be the largest economy on the African continent, therefore as an investor we are keen to participate in the growth of a promising African market.”
