A Nigerian startup focused on digitizing the pharmaceutical supply chain to ensure quality medication procurement.
Condia’s top 10 stories of 2025
African startups to watch in 2025 were identified, showcasing a shift towards unit economics and renewed funding optimism. Nigerian fintechs are increasingly expanding into cross-border operations due to the naira's devaluation, indicating a strategic pivot in the industry.
10 African startups that shut down in 2025
Four startups across Nigeria and East Africa shut down or suspended operations in the first quarter of 2025. Fintech sector experienced the highest number of shutdowns, with eight out of ten closures occurring in Nigeria.
Tobe Ofili joins Hello Tractor as chief financial officer
Hello Tractor has appointed Tobe Ofili as its new Chief Financial Officer. The company operates in 15 African countries and has digitised over 3.5 million acres of farmland.
Condia Insider: Why African healthtech is struggling
Ilara Health in Kenya has laid off staff after restructuring despite securing a $4.2 million funding round. Medsaf in Nigeria has shut down due to struggles with fundraising and unpaid invoices.
mPharma Names Kwesi Arhin as New CEO, Marking First Non-Founder Leadership
Kwesi Arhin has been appointed as the new CEO of mPharma, effective September 1, 2025. Arhin is the first non-founder CEO in mPharma's history, succeeding co-founder Gregory Rockson.
