Seemingly overnight, the tech industry flipped from aggressive growth, hiring sprees, lavish perks and boundless opportunity to layoffs, hiring freezes and doing more with less.
Most African countries have been unable to tame rising inflation but Zambia has managed to reduce the inflation rate from 24.4% in Aug. 2021 to 9.7% in June.
The startup incubator birthed big names like Airbnb and Stripe. Incoming CEO Garry Tan says he’ll tap the program’s alumni network to generate new tech giants.