Hohm Energy: From seed to liquidation
- Hohm Energy files for voluntary liquidation due to financial troubles.
- M-KOPA ordered to pay a $6.8 million tax bill in Kenya.
- Fuel prices rise significantly, affecting ride-hailing drivers' earnings.
The ongoing economic challenges in Nigeria and Kenya highlight the vulnerability of startups and established companies alike. The situation calls for innovative solutions and government support to stabilize these sectors, especially for ride-hailing drivers who are increasingly burdened by rising costs. Additionally, the tax ruling against M-KOPA could set a concerning precedent for foreign companies operating in Kenya, potentially discouraging investment.
