Sim Shagaya, founder and CEO of Nigerian electronic commerce website Konga.com has resigned from his post as the CEO of the company.
In an email sent to the Konga staff, Shagaya said he is stepping down to assume the role of the chairman of the company’s board of directors. The development came following a visit to the company’s investors in Amsterdam. Konga COO Shola Adekoya will be the new CEO in acting capacity pending the appointment of a substantive CEO by the board.
Shagaya founded Konga in 2012 and has been managing the company since inception. The company is now one of the largest online malls in West Africa. He is also the executive chairman of DealDey, a daily deal website and was named in Forbes’ list of “10 Most Powerful Men In Africa” in 2014.
In a tweet in response to @TechCabal probe’s on his next move, Shagaya indicates that he will be doing more of mentorship going forward. Truly we need to tap into his experience. You can follow Shagaya on twitter @SimShagaya.