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
Why six Kenyan promising tech start-ups fell in quick succession
Kune Foods, Notify Logistics, WeFarm, Wasoko, Sendy and Sky-Garden have shut down in quick succession in just four months to October.
Source: businessdailyafrica.com
Investors steer clear of African startups with only local faces
Although funded startups in Africa grow six times faster than elsewhere in the world, raising seed capital remains the biggest challenge to entrepreneurs.
Source: theeastafrican.co.ke