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.
“The AAA rating allows us to forge stronger ties with Asian markets, enabling investments that drive economic development, job creation, and prosperity in Africa.”
Ethiopia, Africa’s second most populous nation with approximately 120m people, experienced robust economic growth, often exceeding 10 per cent annually, between 2004 and 2019.
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.
