By Bunmi Yekini
Zoho, a global technology company, has announced a 31% growth in Nigeria for 2023, underscoring the country’s importance as one of its key markets in Africa. As part of its commitment to local businesses, Zoho offers its 55+ apps in Naira to help mitigate the impact of fluctuating dollar rates.
Kehinde Ogundare, Country Head of Zoho Nigeria, said, “As we continue to grow our presence in Africa, our focus is on ensuring that our expansion positively impacts the local economy, communities, and the broader business ecosystem.”
This announcement was made at Zoholics Nigeria, the company’s annual user conference, where Zoho also revealed its partnership with Bridge International Academies to support the education of underprivileged children in Nigeria, Kenya, and Uganda. Through this initiative, Zoho will sponsor school uniforms, fees, and essential items for 200 students, and assist Bridge in its digitalisation efforts.
Foyinsola Akinjayeju, Managing Director of Bridge International Academies, Nigeria, expressed gratitude for the collaboration, stating, “We are thrilled and deeply grateful for our partnership with Zoho, as our shared commitment to delivering meaningful value is at the heart of what unites us.”
In addition to its educational initiatives, Zoho is expanding its sustainability efforts by recycling out-of-home advertising billboards into bags. Over 500 flexes have been recycled in Nigeria alone. Ogundare noted, “We are also committed to strengthening our sustainability efforts, including expanding our recycling programs.”
Zoho’s presence in Nigeria has grown significantly since its entry into the market in 2020, with a 43% compound annual growth rate and a 40% increase in its local workforce in the past year. The company’s success is driven by the adoption of flagship products such as Zoho Workplace, Zoho CRM, and Zoho One, particularly in key sectors like financial services and real estate.
The company continues to invest in upskilling African talent through initiatives such as the Young Creators Program, partnerships with She Code Africa, and boot camps across the continent, aimed at empowering women and youth with digital skills.