The recently released Kinnevik Q2 2016 earnings report has spurred a ton of speculation in the ecosystem by revealing that Konga has 184,000 “active customers” (amongst other things).

We put together a conference call yesterday at noon with Nairametric’s Ugodre Obi-Chukwu, Interswitch’s Ope Adeoye, Eloho Omame, Yvonne Johnson and Supermart’s Raphael Afaedor. I fucking loved it. Learnt a lot, too. You should listen to it here.

Eloho dropped off the call early on (sigh, Nigerian internet), but she published her thoughts about the report and the e-commerce business in Nigeria. In that brilliant post, Eloho takes the position that neither Konga nor Jumia is running a sustainable business model and that the Nigerian market does not have the capacity to support both of them at scale. It makes sense, and some people think a merger is inevitable. Time will tell if we will see a #Junga20xx (that was a poor attempt at a wedding hashtag).

Read her post on Medium here.

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Lagos State is Considering a N25m Annual License for Bike Hailing Startups
Business, Government, long reads, News, Ridesharing, startups, Technology
22nd July 2019

The Lagos State government is planning to introduce a N25 million license for bike hailing startups. With one road transport union mandating bike hailing riders to pay levies, the government license will stop this and allow startups to operate freely within the state.

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