Waza’s $8 million seed
Techpoint Africa | Victoria Fakiya - Aug 20, 2024
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WazaTokunboh IshmaelY CombinatorNigeriaMTN Group
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AI-generated highlightsThe most relavant information from the article.
  • Waza raised $8 million in equity and debt funding to expand its operations.
  • Tokunboh Ishmael emphasizes the need for diversity in startups.
  • MTN Group reported its first loss in 8 years due to the devaluation of the Nigerian naira.
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The devaluation of the Nigerian naira has had a significant impact on MTN Group's financials, leading to their first loss in 8 years. This highlights the vulnerability of companies operating in emerging markets to currency fluctuations. It also underscores the importance of diversifying revenue streams and reducing reliance on a single market.
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