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Pivo Africa Closes A Year After Securing $2 Million Funding
Pivo Africa, a Nigerian fintech startup, backed by Y-Combinator, has shut down prematurely after launching in 2021 and securing $2M funding.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Jumia Discontinues Food Delivery Across Seven Markets, Shifts Focus to Expanding Physical Goods Business
Jumia is redirecting its focus toward the core physical goods business and maintaining its JumiaPay operations across all 11 markets.
- Categories
- Technology, Transportation
- Region
- Sub-Saharan Africa
- Tags
- e-commerce, failure, startups
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A Rush for Lithium in Africa Risks Fuelling Corruption and Failing Citizens
Cases show that as the lithium rush ramps up, some of the risks facing mineral-rich countries are all too real.
- Categories
- Energy, Technology, Transportation
- Region
- Sub-Saharan Africa
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Bolt Food to Close South Africa, Nigeria Operations
Rising petrol prices, inflation and the economic downturn are some of the macro-economic factors negatively affecting the food delivery market.
- Categories
- Technology, Transportation
- Region
- Sub-Saharan Africa
- Tags
- e-commerce, failure, startups
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‘Too Big to Fail’: How USAID’s $9.5 Billion Supply Chain Vision Unraveled
Ten years ago, USAID unveiled the largest contract in its history, aimed at transforming health supply chains in lower-income countries. It has not gone according to plan.
- Categories
- Health Care, Technology
- Region
- Global
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Carbon Offset Market Faces Chaos as African Mega-Project Collapses
The breakup of the partnership behind one of the world’s biggest carbon projects in Zimbabwe raises new doubts about the carbon market’s ability to backstop failures.
- Categories
- Energy, Environment, Investing
- Region
- Sub-Saharan Africa
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South Africa’s WhereIsMyTransport Closes After Failing to Secure Investment
WhereIsMyTransport is the latest in a host of well-regarded and well-funded African startups to have closed down this year amid a fall in liquidity within the global venture capital market.
- Categories
- Investing, Technology, Transportation
- Region
- Sub-Saharan Africa
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Byju’s New India CEO Arjun Mohan to Cut More Than 4,500 Jobs
The final size of the India workforce at Byju’s may still vary as various teams will be assessing the impact of the latest changes.
- Categories
- Education, Technology
- Region
- Asia Pacific
- Tags
- edtech, employment, failure