Start-up closures leave trail of job losses in 2022
At least six Kenya-based start-ups closed shop this year due to a number of threats, including lack of financing and pandemic woes.
Source: businessdailyafrica.com
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7 Multi-Million Companies Which Shut Down in 2022
The high-end Hilton Hotel had 287 rooms offering suite services and attributed its closure to declining business in Nairobi CBD.
Source: kenyans.co.ke
More African startups risk closure over frugality problem
Despite raising $5 billion in funding last year, VC-backed African startups are laying off, shutting down products and closing down. In this article, we explore the reasons behind some of these failures.
Source: techcabal.com