Nigeria Online Business News: Konga, VConnect and FCMB eCommerce

Here is the Nigeria Online Business News for July 19, 2013 which features, Konga, VConnect and FCMB (First City Monumental Bank) eCommerce.

 
Konga Set to Boost Online Retail Business

Konga, one of Nigeria’s e-commerce platforms has reiterated its commitment to put smiles on the faces of Nigerians, by providing support that will boost e-commerce transaction in the country. Chief Executive Officer of Konga dot com, Mr. Sim Shagaya, said: “As Konga turns one year, we wish to take a moment to say to our community of buyers and sellers alike, thank You, as we are more committed in supporting Nigeria’s online business of buying and selling.”

 
According to him, “The country is blessed with oil, mineral and human resources, and with population of people, which is a pointer for huge e-commerce business in Nigeria.” There are over 160 million potential buyers and sellers of different items, on every street, a seller and a potential buyer, and Nigerians love to shop, but with the absence of well-structured retail, few shopping malls and poor transport facilities, which makes it difficult to access products,” he said. [Read More]

 
VConnect Is One Of Africa’s Hottest Tech Startups

Deepankar Rustagi is the founder of VConnect, Nigeria’s largest online business directory and local search engine. Rustagi founded VConnect in March 2011 to provide information about various products, services and small- and medium-sized Enterprises (SMEs) across Nigeria. It has become a success so far. VConnect now has a database of over 700,000 businesses and records over 1 million unique visitors every month. The Tolaram Group, one of the largest conglomerates in Singapore, is an investor in the company. Rustagi says VConnect is profitable, but he refuses to disclose figures. [Read More]

 
FCMB Initiates Support for eCommerce

The increasing concern for Information Communication Technology (ICT) in the country indicates that enterprises gain significantly from e-business and must protect the industry for further growth. Head, Transaction Banking, the First City Monument (FCMB), Rolayo Akhigbe, who stated this at the first E-commerce conference, which held in Lagos at the weekend, noted that FCMB was ready to partner with online retailers in pushing e-commerce and cited Jumia.com as a beneficiary from this gesture.

 
According to her, FCMB, a wholesale banking group with a niche for retail banking franchise had pitched its tent behind e-commerce ventures in Nigeria in order to help develop the new trend. She noted that in terms of e-commerce the Bank provides business-to-business (B2B) and business-to-consumer (B2C) customer operating models, which cover wholesale, retail, real estate trading and other fields.

 
“On the aspect of financial service, FCMB provides customers with things like online payment, trusteeship, guarantees and financial intermediation,” she said. [Read More]