Are we expecting too much from African startups?
- Zone has launched a blockchain-powered PoS payment gateway product in Africa.
- Copia Global has temporarily suspended orders in several Kenyan markets.
- Jumia recorded its highest loss in 2019, the year it was listed on the NYSE.
The African tech industry is experiencing a mix of successes and challenges. While Zone's launch of a blockchain-powered PoS payment gateway is a positive development, the temporary suspension of orders by Copia Global and the closure of Gro Intelligence highlight the financial difficulties faced by some companies. Jumia's record loss in 2019 raises concerns about the profitability of e-commerce platforms in Africa.
