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A $22-Billion Indian Tech Darling Runs Afoul of Lenders
Add Indian education startup Byju’s to the growing list of companies that became victims of their own success during the pandemic.
- Categories
- Education, Technology
- Region
- Asia Pacific
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GiveDirectly Loses $900,000 in DRC Mobile Cash Fraud
More than 1,700 families in DRC’s South Kivu province were impacted by the fraud scheme.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Dispute Between Nigerian Banks and Telcos Over $260 Million USSD Debt Threatens Financial Inclusion
The clash between Nigeria’s banks and telcos over accumulated debts for USSD services risks disrupting essential mobile money services for millions of Nigerians.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Analysis: Why a Major IFC Solar Initiative Failed to Scale in Africa
Scaling Solar sought to address some challenges but development experts are urging IFC to take a close look at the program and learn from its alleged failures.
- Region
- Sub-Saharan Africa
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Analysis: Waking South Africa’s Economy Up Requires the Government and Businesses to Work Together
The economy, a sleeping giant on the African continent, can only achieve a faster and more inclusive trajectory of growth if the country rebuilds its public capital stock and dynamizes its businesses.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Amazon Lays Off 500 Employees in India Across Functions
The Seattle-based technology giant is letting go of at least 500 employees in India, and the process is ongoing, they said.
- Categories
- Technology
- Region
- Asia Pacific
- Tags
- corporations, employment, failure
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ZestMoney Founders Resign as Goldman Sachs-Backed Fintech Struggles to Raise Funds
Founders of ZestMoney have resigned from the startup, the latest twist in the fate of the Indian fintech.
- Categories
- Finance, Investing, Technology
- Region
- Asia Pacific
- Tags
- corporations, employment, failure, fintech
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LinkedIn Announced Layoffs and the Closure of Its Chinese Jobs App InCareer
The Microsoft-owned professional networking site is cutting 716 jobs.
- Categories
- Technology, Telecommunications
- Region
- Asia Pacific
- Tags
- employment, failure
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