With so few high-flying start-up successes in Africa’s tech eco-system, one has to wonder just how alarmed we should get when word of job cuts and other such cost-cutting measures start to dominate headlines. After all, this sort of thing happens in business all the time!
That said, why does it seems like Nigerian startups are having a particularly hard time at the moment?
Following signs of distress showing up at the countries startup poster children, Jumia and iROKOtv in recent weeks, Nigerian daily deals site, Dealdey, has reportedly sacked 60% of its workforce. Curiously, the news of this broke on a popular Kenyan blog, courtesy of “sources familiar with the matter”.
In our discussion on the African The Round-up this week, Tefo Mohapi and Andile Masuku will briefly discuss what could be fuelling this apparent season of hardship on Nigeria’s tech startup scene. Also, listen in for all the most important digital, tech and innovation news from the past week.