Mecho Autotech Cuts Workforce Amid Economic Pressures in Nigeria
Mecho Autotech laid off an unspecified number of employees from its 40-person workforce. The layoffs were attributed to Nigeria's tough macroeconomic environment and FX instability.
Mecho Autotech raises $2.4M, ventures into wholesale spare parts distribution
Mecho Autotech has raised $2.4 million in a pre-Series A round to expand its automotive spare parts and vehicle repairs and maintenance services. The company aims to address the fragmented and informal aftermarket spare parts supply chain in Nigeria by importing and distributing aftersales spare par
