Jumia Navigates Challenges – Staff Layoffs, Exit from Food Delivery, and Q4 2023 Results

Jumia, one of Africa’s leading e-commerce platforms, made headlines in January 2024 as it laid off employees across various African markets, including Kenya, just a month after exiting its food delivery business, Jumia Food. The company, facing the harsh reality of the food delivery market’s sustainability, opted for significant organizational adjustments to optimize capital and […]

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Startups Technology

Hytch no longer offers car pooling services 3 months after launch

Hytch, a Nigerian ride-hailing startup that went public in May this year to help people share rides and move faster and cheaper, has announced that it will no longer offer car-pooling services. According to a source close to the startup, the company has abandoned its ambitious mission of scaling the highly fragmented in-city car-pooling transportation […]

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