Home Tech News Former Konga CEO: My resignation ‘was a very tough decision’

Former Konga CEO: My resignation ‘was a very tough decision’

Former Konga CEO: My resignation ‘was  a very tough decision’

Sim Shagaya, founder of Konga says his resignation as the Chief Executive Officer (CEO) of the online shopping company was one of the toughest decisions he has made.

Shagaya, who now serves as the Chairman of the Board of the online shopping company says the slow overall economic situation in Nigeria and identification  of new opportunities for the development of the company  were twin factors that made him resign as CEO.

”I had a difficult choice to make; either continue to manage the day-to-day affairs for konga.com as CEO, or prepare the company for the implications of the coming 4th Industrial Revolution”, Shagaya said in a company announcement sent to Technology Times.

”The recently concluded Davos Summit in Switzerland gave attendees a glimpse into the future of business. The West is advocating a new industrial revolution, driven by new technology that will positively impact everything that we do going forward. It is called “The Internet of Things”. In the very near future, virtually all business will be driven by the Internet” the Konga Chairman says.

He adds that konga.com will be a force to reckon with in taking the lead in the revolutionary e-commerce space in Africa while pointing out that, “it is clear to me that we are going to need to steer the company through this challenging time and find the opportunities that the 4th Industrial Revolution and our economy present.  As Chairman of The Board, I will lead this change.”

According to Shagaya, oil as a commodity represents only 10% of Nigeria’s GDP, which “means 90% of our GDP earnings will still be available to us as Nigerians and will be utilized to maintain a projected 3% annual growth rate in the coming year.”

This means that consumers will still buy and shop in the country. But with the cost of goods rising due to the weaker Naira, “there is still an opportunity to introduce new lower priced value item to the market via e-commerce.”

He believes that “consumers can make their money go further on our platform as we offer competitively-priced goods and products.”

According to him, ”starting this year, our customers are going to experience faster speeds and newer technology innovation services designed to enhance the overall online shopping experience.” 

Under the plan, Konga hopes to introduce more ways to pay online purchases and work to improve logistics and delivery times of ordered goods to consumers. 

”This year in Africa we will see the first remote cargo airport open in Rwanda. The new warehouse and airport facility will allow for the provisioning of pilot-less drone aircraft to take off and make deliveries to consumers across the country”, according to Konga Chairman.

”Now, to be fair, we can’t promise that this will happen in Nigeria anytime soon, but you can bet that we are taking a closer look at this possibility and paying close attention to what happens over there. Once the bugs are worked out of the system we will be among the first to bring them to you”, he says.

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Kolade Akinola Technology Journalist at Technology Times Mobile: + 234 (0) 807 401 6027

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