With 38% of Nigerians now connected to the internet, the e-commerce industry clearly has potential.
In light of the recently published Kinnevik Q2 2016 earnings report, TechCabal organised a conference call at noon yesterday with a few financial and e-commerce experts to discuss the state of the internet business in Nigeria. One of the experts on the call, an Investor named, Eloho Omame thinks the real issue is that the Nigerian […]
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, […]
Join Ugodre Obi-chukwu, Eloho Omame, Ope Adeoye, Yvonne Johnson, and Raphael Afaedor.
I just stumbled across a transcript of Kinnevik’s Q2 2016 results earnings call. It’s a 31-page read, but one of the insights I gleaned from it was that Kinnevik values their 34% stake in Konga at SEK101 million (Swedish Krona), that’s $11.6 million. Back of the napkin math tells me that if 34% of the company […]