👨🏿🚀TechCabal Daily – Showmax to discontinue services outside Africa
- Chowdeck achieves 10x growth in monthly GMV, crossing ₦1 billion ($1.2 million).
- Norrsken22 closes its debut Africa Tech Growth Fund at $205 million.
- Showmax to discontinue services outside Africa.
The growth of Chowdeck and the successful closure of Norrsken22's fund indicate a positive trend in the Nigerian food delivery and African venture capital markets. However, the discontinuation of Showmax's services outside Africa may limit its growth potential. The legal action by Twitter's ex-Africa team highlights the need for fair treatment of employees. The funding raised by AFEX demonstrates investor confidence in the Nigerian commodities platform.
