Kenyan B2B e-commerce agritech, Twiga has introduced an independent agent model against its trade development representatives (TDRs) of which 211 were laid off representing 21% of its over 1000 employees.
The International Finance Corporation (IFC), a global development institution and member of the World Bank Group has launched a $225 million venture capital fund to support early-stage startups in Africa,
Ironically, most African nations imports agricultural goods that it is capable of producing. Nigeria, for instance, produces cocoa and cotton but buys textiles and chocolates from other nations. Experts have