33 African startups shut down in 30 months

Why Startups Fail In Africa

Another promising African startup shuts down. This time, it is Okra, the Nigerian fintech once hailed as a pioneer in open banking, which raised over $16 million and onboarded major partners like Renmoney, Branch, and AIICO. In just five years, it scaled fast, launched a cloud platform and shaped Africa’s digital finance narrative before unexpectedly winding down operations in 2025. Okra is not alone. Across the African continent, a troubling pa…

33 African startups shut down in 30 months

Within the last 30 months, from January 2023 to the end of H1 2025, about 33 startups shut down in Africa, reflecting a period of necessaryThe post 33 African startups shut down in 30 months appeared first on The Guardian Nigeria News - Nigeria and World News.