Rifugio Reaffirns Expansion Plan Across Africa

Oluchi Chibuzor 

Rifugio Communications Limited, one of Nigeria’s leading electronics retail and enterprise solution providers, has reaffirmed its commitment to expanding across Africa as the company celebrates ten years of growth, innovation, and resilience in the technology sector.

Speaking at the company’s 10th anniversary celebration in Lagos, the founder, Rifugio Communications, Dr. Kayode Thomas, described the milestone as a day of reflection, celebration, while highlighting their remarkable growth trajectory since its establishment in 2015.

Reflecting on the company’s journey, Thomas acknowledged the challenges faced over the past decade, including the impact of naira devaluation and the COVID-19 pandemic, which disrupted consumer purchasing power.

“The naira devaluation hit retailers hard, making devices expensive and slowing sales. During the pandemic, people couldn’t buy as much, but later realised the need for better devices for virtual meetings — and business picked up again,” he said.

According to him, the company’s confidence to keep expanding despite economic challenges comes from the continent’s large youth population and growing appetite for technology.