Tag Archives: egypt

Andela CEO confirms staff cuts as layoffs hit African tech

Africa-focused tech skill accelerator Andela has release 135 staff members, CEO Jeremy Johnson validated to TechCrunch. Senior personnel at the business —– with workplaces in New York and 5 African nations —– will likewise take wage cuts of 10% to 30%. The settlement and personnel decreases are an outcome of the financial effect of the […]

Did African startups raise $496M, $1B or $2B in 2019?

Five years earlier, it was tough to come by any numbers for yearly VC financial investment in Africa. Nowadays the obstacle is picking which number to follow. That’s the case for 3 endeavor financing research studies for Africa that showed up differed outcomes. .The numbers and difference. Investment statistics launched by media outlet Disrupt Africa […]