No one seems to know what was paid to buy one of Nigeria’s biggest e-commerce players

One week after the sale of, Konga, one of the two largest e-commerce companies in Nigeria, there are still more questions than answers.

On Feb. 3, Zinox, a Nigerian technology firm, announced via story in a national newspaper it had acquired Konga after buying out shareholders, Naspers, Africa’s most valuable company, and Kinnevik, the Swedish investment firm. Zinox claims it now owns 99% of the company with 1% of the company held by an undisclosed minority shareholder.

As part of the...

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