Goldman Sachs-backed Kobo360 cut jobs in November as part of restructuring
Kobo360 implemented company-wide layoffs across its seven markets in November 2024. CEO Cikü Mugambi resigned, citing fundraising difficulties.
Profitable FoodCourt laid off nearly 100 staff after process restructuring in May
Redesign of cooking processes led to nearly 100 redundancies in May 2024. FoodCourt aims to reduce meal preparation time to 20 minutes.
Exclusive: Thepeer returns $357,000 as investors move on from demands for an audit
Thepeer shut down in April 2024 and returned $357,960 to investors in June. The startup raised $2.1 million in a June 2022 seed round but had only $450,000 left when it shut down.
Microsoft shrinks Nigerian office from six to two floors, moves more roles to Kenya
Microsoft is reducing its office space in Nigeria after laying off half of its workforce in the country. The company may not renew its tenancy in 2025 when its current agreement runs out.
