For a startup that once promised to rewire fast-moving consumer goods distribution across southwest Nigeria, the footage has drawn renewed attention to mounting questions about the company’s viability.
A torrent of press releases celebrates the dynamism of Africa's tech scene, but a closer look reveals a more precarious reality....The immediate impact on mobility fintech Moove remains...
For years, Nigerian startup founders have built their business models around the assumption of a growing middle class. That assumption is now under siege.
The funding landscape remains heavily influenced by foreign investors, particularly from the United States and Europe, who accounted for nearly 70% of the total investment activity.
For a startup that once promised to rewire fast-moving consumer goods distribution across southwest Nigeria, the footage has drawn renewed attention to mounting questions about the company’s viability.
Across 29 disclosed deals, African startups and growth-stage companies raised at least $340.5m in February. The number tells one story. How the money moved tells a different one.
