Exits and shutdowns in Africa's startup space

Exits and shutdowns in Africa's startup space

Techpoint Africa Podcast

Exits and shutdowns in Africa's startup space

Sep 28 2023 | 00:54:45

00:00 / 00:54:45

Hosted By

Chimgozirim Nwokoma

Oluwanifemi Kolawole

Bolu Abiodun

Show Notes

This episode is also available on YouTube - https://youtu.be/RqU07fhRkoQ

On this week's Techpoint Africa Podcast, our reporters discuss an acquisition, a shut down, and other happenings in Africa's tech space.

The stories:

Risevest acquires Chaka
54gene to shut down
Nigeria to boost startup listings on NGX
Sendy appoints administrator

Register to attend the Modern Workplace Africa Conference: https://modernworkplaceafrica.com/

Subscribe to The Workaholic - https://techpoint.africa/subject/work/

and

Fintech Today - https://techpoint.africa/subject/fintech/

and

Techpoint Digest - https://techpoint.africa/subject/techpoint-digest/

and

Intellligence by Techpoint's newsletter -https://intelligence.techpoint.africa/newsletter-signup/

Timestamps

00:00 - Intro

05:33 - Risevest acquires Chaka
17:40 - 54gene to shut down
31:05 - Startups on NGX
36:49 - Sendy enters administration

Useful links

Risevest acquires Chaka
After raising $45m in two years, 54gene is shutting down
Nigeria to boost startup listings
Logistics startup Sendy enters into administration after failing to find a buyer
Logistics startup Sendy appoints Peter Kahi of PKF Consulting as administrator
MultiChoice loses $1.7b in six months
Threads users will be able to delete their accounts without losing Instagram by December
$4bn investment in Anthropic: Amazon playing catch up with Microsoft & Google in AI race

This episode was produced by Ogheneruemu Oneyibo

Email us your feedback at podcast@techpoint.africa. Visit www.techpoint.africa/ for more stories.

Music - Beach by MBB - https://www.youtube.com/watch?v=dEnQ8dHwDSk

Other Episodes

Episode

August 14, 2020 • 00:20:59

Episode Cover

Jumia shares crash 40% even as losses drop

Read all Techpoint articles referenced on today's episode here. https://techpoint.africa/topics/techpoint-africa-podcast-49/ Meet Techpoint Build 2020 speakers https://twitter.com/Techpointdotng/status/1290976092124319745 Continue the conversation on Community. https://community.techpoint.africa/ Email us...

Episode 187

August 17, 2023 • 00:44:50

Episode Cover

Dark loan apps and Bosun Tijani’s tricky path

This episode is also available on YouTube - https://youtu.be/nfxZvQWDSJ0 Today on the Techpoint Africa Podcast, our reporters share their insights, opinions and knowledge on...

Episode 120

August 30, 2022 • 00:39:15

Episode Cover

Why are African tech startups laying off staff?

This episode is also available on YouTube - https://youtu.be/3ltkVytZfZs Today on the Techpoint Africa Podcast, we discuss layoffs by companies within and outside the...