A report by Startup Graveyard has identified funding shortages as the primary cause of African startups’ shutdowns in 2024, the same as in 2023. It, however, noted that a new trend emerged in 2024 with failed expansions into new product lines by startups leading to a lack of product-market fit and eventual discontinuation. “In 2024, lack of […]
The post Lack of funding major cause of African startups’ shutdowns in 2024 -Report appeared first on Nairametrics.