An investment group that focuses on supporting African entrepreneurs and startups through funding and mentorship.
12 African startups and tech companies that cut workforce in 2025
Metro Africa Xpress (MAX) laid off about 150 employees, roughly 30% of its workforce, to pivot towards financing electric vehicles. 54 Collective announced layoffs after ending its partnership with the Mastercard Foundation due to a lack of alternative funding.
5 notable rebrands in African tech in 2025
Whogohost rebranded to GO54 in 2024 to reflect its new direction. Vodafone Ghana transformed into Telecel Ghana, marking a significant market shift.
This Mastercard-backed startup says it will be AfCFTA’s implementation engine
Brydge was founded in late 2023 to address trade challenges faced by SMBs in Africa. The startup has processed ₦4.8 billion ($3.1 million) in transactions and disbursed ₦100 million ($61,000) in trade financing.
Condia Insider: Mastercard Giveth, 54 Collective…?
54 Collective is facing liquidation after allegedly misusing over $42 million from a Mastercard Foundation grant. The group rerouted $4.59 million to its for-profit counterpart Founders Factory Africa without permission.
“Mastercard Foundation’s agreement was not terminated due to a breach,” Bongani Sithole, 54 Collective’s CEO
54 Collective, an early-stage venture studio, shut down in February 2025, laying off over 40 employees. Mastercard Foundation withdrew funding due to concerns over 54 Collective's rebranding and potential conflicts of interest.
