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Konga Optimistic On Growth, Expansion Into Pharmaceuticals by August

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Still smarting from the takeover deal and seeking to find its way through profitability, Konga, Africa’s e-Commerce giant, has stated its optimism that the company will bounce into winning ways with its proposed acquisition and expansion plans.

The company was recently touted to be making final plans to acquiring a pharmacy chain to enable it to deliver quality drugs to end users and significantly reduce the cost of health service delivery in Nigeria.

Acquired by the Zinox Group from previous owners, South Africa’s Naspers and Swedish investment firm, AB Kinnevik in January 2018, Konga has undergone a huge transformation that has seen its value grow astronomically over the past 12 months. The new owners, however, chose to retain the brand name.

Confirming the new inroad into pharmaceuticals, C0-CEO, Konga Group, Prince Nnamdi Ekeh disclosed that the road map to the company’s quality health project is clear. “And we are sure it will be a rewarding experience for Nigerians. We will release more information in the month of August but rest assured that, the technology that will drive the network is ready and certified. It is true that we have all the necessary approvals of the Board to launch the most integrated genuine drug availability and delivery project by the third quarter of this year,” he disclosed.

According to him, Konga already has a commitment of a huge amount from a Foundation to subsidize the cost of last mile delivery to some classified persons and organizations. He further revealed that the company also have the approval to import digital laboratory equipment to test some batches of drugs supplied to its pharmacies nationwide by manufacturers and distributors to make sure they meet global standards.

The company further notes that things are in place to reach rural areas with their pharmaceutical services.

In a recent statement, Konga said it has tackled issues that had hampered the successful operation of eCommerce firms in Nigeria and is heading towards the mark of profitability. These challenges it said included, logistics, payment, warehousing, last mile delivery, product quality and customer satisfaction, among others.

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