iProcure, Kenyan Agritech Firm, Enters Administration Amid Financial Woes
iProcure, a Kenyan agritech startup, is under administration after failing to settle undisclosed debts. KPMG's advisory division has been appointed as the administrator to revive the company.
Kenyan agritech iProcure under administration over debt issues despite raising $17.2 million
iProcure, a Kenyan agritech company, has been placed under administration due to failure to pay creditors. KPMG's advisory arm has been appointed by the court to revive the startup.
Kenya’s agritech startup iProcure placed under administration over undisclosed debt
iProcure, the Kenyan agritech startup backed by Safaricom’s Spark Fund, is now under administration after failing to settle undisclosed debts. KPMG’s advisory arm was appointed the administrator and will be tasked with reviving the company.
Venture Capital in Africa: Investment trends and forecasts
Approximately 40% of venture capital (VC) investment in Africa comes from the U.S. 60% of African startups are incorporated in the U.S.
