Nigeria’s Online Mall Konga.com has announced the celebration of its fourth year of leading trade and commerce innovation in Africa as it clocks four.

The ecommerce giant was founded in 2012 and started purely as an online retailer selling just baby and beauty products. Its growth was rapid as it rose 11X in its first year of operations and 4.5X in the second year. In 2014, Konga opened its Seller HQ – Konga’s Marketplace Platform, which allows business owners to display and sell their items on Konga.com. Seller HQ’s growth has been rapid with “marketplace” derived orders now accounting for over 70% of sales. Over 30,000 sellers are registered and trading on the site today.

True to its vision to utilize internet and mobile technologies to create a pan African platform that enables trade and commerce for millions of sellers and buyers, Konga led several innovations like the Konga Mobile App, Seller HQ platform, online payment solution KongaPay App which allows for payment online and offline anytime with its unique me-commerce feature and the recently launched Konga EZ Web Progressive App.

In recognition of its outstanding performance through the years, Konga has received several awards like “Online retailer of the year” and ”Most Emerging brand” Marketing World awards (2013), “Best company in Tech businesses category” Creative Entrepreneurs of Nigeria awards (2013), “West African entrepreneur of the year” CNBC Africa (2013), “Most Innovative and Impactful retail brand” by Lagos Chamber of Commerce Industry awards (2014),  “Online Retailer of the Year” and for “Marketing Campaign of the Year” for the Found on Konga Campaign by the Marketing World Awards (2015), “Best Ecommerce Logistics Company” (2016) by CBN, “Best Place to Work for Millennials” (2016) by Great Place to Work to mention a few.

Speaking on the journey and achievements through its four years on business, the Director of Marketing and Customer Experience Mayowa Adebayo had this to say “Regardless of the achievements and milestones we have reached in our four years of innovation, we will not stop innovating because we are yet to reach the climax of the Konga story” She said.

In commemoration of its fourth anniversary, Konga has launched a unique sale around the number “4”. The sale will be for four hours, for four days, featuring four discounted items on each day of the sale.

The African Risk Capacity Insurance Company Limited (ARC Ltd)  has announced the appointment of former IFC Director Ms Dolika Banda as Chief Executive Officer, effective from 7 September 2016.

She will take the reins from Dr Simon Young, who was appointed CEO in 2014 after playing a leading role in the development of the ARC programme. He will continue to serve in an advisory capacity.

ARC Ltd is an insurance mutual and financial affiliate of the ARC Agency, a Specialised Agency of the African Union.  As Africa’s first catastrophe risk pool, ARC Ltd provides parametric natural disaster insurance to African governments.

A Zambian economist and advisor, Ms Banda has more than 25 years of international banking and financial management experience with a focus on economic development in sub-Saharan Africa.

Most recently, Ms Banda was Regional Director for Africa at the UK’s Commonwealth Development Corporation (CDC) since 2013.

Ms Banda worked at the World Bank Group’s International Finance Corporation for 16 years within its financial markets, credit, accounting and treasury departments. As Director of Financial Markets, she managed the IFC’s financial markets activities across sub-Saharan Africa, Latin America and the Caribbean.

Ms Banda has also held senior corporate and merchant banking positions at Barclays and Citibank in Zambia.

She currently sits as a non-executive director on a number of boards including Ecobank Transnational Incorporated.

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This is interesting for Bitconin Nigeria; Tim Akinbo has great stats.

While @TransferWise was shutting down transfers to Nigeria, Nigerians traded #bitcoin worth 7.4m over the last 4wks.

He added:

Over 90% of that volume are remittances to Nigeria. Two weeks ago, it hit a weekly all time high of ?2.9m

This is just a start but certainly the banks will wish they are getting the fees associated with the inter-boundary money movement. Even Western Union may not be very happy with Bitcoin.