Start-up closures and scalebacks leave trail of job losses in Africa
Last year, the amount of funding firms raised on the continent declined by 31 percent to about $4.5 billion from the $6.5 billion raised in 2022.
Source: theeastafrican.co.ke
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Top News In Bundle Africa Today - Breaking & Trending Today
$60m Hanging As 9 Nigerian Startups Shutdown In 2023
Over $60 million of investors fund may go down the drain, as nine Nigerian startups have shut down after few years of operation, LEADERSHIP finding has
Source: leadership.ng
👨🏿‍🚀TechCabal Daily - Sonatel snags Senegal's 5G licence
A month after Senegal announced its readiness for 5G, Sonatel—Orange Senegal—has snagged the bid to provide the country's first 5G service.
Source: techcabal.com
Bundle Africa shuts down its exchange platform
In a restructuring move, web3 startup Bundle Africa has shut down its exchange services after three years of operation.
Source: techcabal.com
Bundle Africa shuts exchange operations after three years
After three years, Bundle Africa has shut down the operations of its exchange services in a major restructuring to focus on Cashlink.
Source: techcabal.com