Here are Africa’s biggest startups based on valuation
Funding into African startups exceeded $2 billion last year, returning to pre-pandemic levels. A decline in mega-deals has led investors to prioritize sustainable business models.
Are we expecting too much from African startups?
Zone has launched a blockchain-powered PoS payment gateway product in Africa. Copia Global has temporarily suspended orders in several Kenyan markets.
Kenya-based agritech Gro Intelligence to shut down two months after slashing headcount
Gro Intelligence is reportedly closing down due to difficulty in securing sufficient capital. The company couldn't pay employees despite raising $117 million since its launch.
Kenya data analytics startup Gro Intelligence shuts down
Gro Intelligence is shutting down after failing to raise further capital. The company struggled to meet payroll and pension payments and laid off 60% of its staff.
