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Biggest tech company layoffs in Africa

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Apart from the economic crunch, the massive layoffs in the tech industry have been traced to the need for strategic shifts towards emerging technologies like artificial intelligence (AI).

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A McKinsey report published in 2017 predicted that up to 400 million jobs globally would be displaced by 2030 due to the advent of automation, driven in part by AI and robotics. This is corroborated by a CNN report which notes that about 10% of US workers are in jobs that face the greatest risk of disruption from rapidly evolving artificial intelligence.

According to a report by Business Financing UK and data analysed by Layoffs.fyi, the biggest tech company layoff events globally in the last four years were isolated in different countries and continents based on the number of employees laid off by a company and the period.

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The table below shows the top 10 tech companies in Africa that laid off the largest number of staff during the period;

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S/NCompanyIndustryStaff Laid OffCountryDate

1

Jumia

E-commerce

900

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Nigeria

Nov 2023

2

Alerzo

E-commerce

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400

Nigeria

June 2023

3

Renmoney

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Fintech

391

Nigeria

April 2020

4

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Copia

E-commerce

350

Kenya

July 2023

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5

Wave

Fintech

300

Ghana

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July 2022

6

Twiga

Agritech

283

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Kenya

Aug 2023

7

Twiga

Agritech

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211

Kenya

Nov 2022

8

mPharma

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Medical

150

Ghana

April 2023

9

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Alerzo

E-commerce

100

Nigeria

Nov 2023

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10

Bitmex

Crypto

75

Seychelles

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April 2022

The African tech sector faced substantial layoffs since 2020, with big e-commerce platforms like Jumia and Alerzo laying off over 1000 employees combined.

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From the table, Nigeria led the group with online retailer Jumia laying off 900 employees in a single event — more than any other tech company in Africa. Nigerian B2B e-commerce firm, Alerzo laid off 400 employees followed by fintech brand Renmoney (391 employees).

According to Techcrunch, more layoffs have already been recorded in the global tech industry in 2024 following significant workforce reductions with about 60,000 job cuts across 254 companies with the most layoffs occurring in April 2024 (22,153).

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Healthcare breakthroughs transforming wellbeing in Nigeria

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Advances in technology and improved practices in disease management are resulting in better treatment options and expanded access to care. Recent progress in telemedicine, diagnostics, and local pharmaceutical production are contributing to more reliable and effective health services.

Government and private sector initiatives are working together to address long-standing challenges such as funding and infrastructure.

As these improvements continue to develop, the overall quality of care rises, benefiting patients across urban and rural areas. This guide examines 5 areas where advances shape wellbeing in Nigeria.

ALSO READ: India to invest in Nigeria’s healthcare sector

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  • Telemedicine and Remote Consultations

    Telemedicine services are expanding access to healthcare in both urban and rural settings. Remote consultations via video calls and mobile applications allow patients to receive timely medical advice without the need for travel. This development eases pressure on physical healthcare facilities and improves service delivery, particularly in areas with limited medical infrastructure.

  • Enhanced Diagnostic Technologies

    Recent improvements in diagnostic equipment and testing methods have led to quicker and more accurate detection of diseases. Locally developed diagnostic kits are now more affordable and accessible, enabling early intervention for conditions such as malaria, diabetes, and hypertension. These enhancements contribute to better treatment outcomes and improved public health management.

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  • Growth in Local Pharmaceutical Production

    There is a strong move toward increasing the production of essential medicines within Nigeria. By investing in local manufacturing, the healthcare system reduces its reliance on imported drugs, lowers costs, and ensures a steadier supply of quality medications. This focus on domestic production supports treatment efficacy and contributes to overall health system resilience.

EXPLORE: Medical expert warns bottled water, soft drinks left in sun may cause cancer

  • Healthcare System Reforms

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    Government initiatives are actively working to improve healthcare delivery through reforms aimed at strengthening infrastructure, increasing funding, and expanding insurance coverage. These measures target persistent challenges such as workforce shortages and inadequate primary care facilities, leading to a more efficient and accessible healthcare system for all Nigerians.

  • Public-Private Partnerships in Health

    Collaborative efforts between government bodies and private organizations are driving improvements in healthcare services. Joint investments in training, research, and infrastructure development have enhanced service quality and extended reach. These partnerships foster a shared commitment to sustainable healthcare improvements, benefiting communities nationwide.

Collectively, these developments enhance healthcare delivery and ensure better access to effective and affordable care for Nigerians. Continued support for these initiatives is essential for achieving long-term improvements in public health.

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RECOMMENDED: FULL LIST: FG approves free maternal care in 154 hospitals nationwide


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Pastor Enenche leads prayers of divine intervention as Soludo seeks religious leaders’ support

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Paul Enenche, the senior pastor of Dunamis International Gospel Centre, is leading prayers of divine intervention in Anambra state as

read more Pastor Enenche leads prayers of divine intervention as Soludo seeks religious leaders’ support


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How academic excellence is driving entrepreneurship in Nigeria

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Graduates are applying what they learn to create small businesses that generate jobs and support local communities. Universities and polytechnics now focus on hands-on training, mentorship programs, and research projects that develop practical solutions.

This approach bridges classroom learning and real-world business, enabling young entrepreneurs to address local challenges.

The emphasis on quality education and structured support is closely linked to growing entrepreneurial activity and economic progress.

ALSO READ: Here’s how Nigerian entrepreneurs can access international markets

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  • Curriculum and Practical Training

    Academic programs now merge rigorous theory with extensive practical training. Courses in business, technology, and related fields incorporate hands-on projects, case studies, and fieldwork that equip students with essential skills in business planning, operations, and management. This approach ensures that graduates are well-prepared to address real-world challenges.

  • Incubation and Mentorship Programs

    Many institutions have established startup centers and comprehensive mentorship schemes. These initiatives connect aspiring entrepreneurs with experienced industry professionals who offer guidance on strategy, business development, and risk management.

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    By providing structured support and networking opportunities, these programs help transform innovative ideas into viable business models.

  • Research and Local Solutions

    Universities are increasingly directing research efforts toward solving local challenges. Collaborative projects between students, faculty, and community partners generate actionable insights that lead to practical products and services.

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    This focus on research not only enhances academic understanding but also produces tangible benefits for local markets.

EXPLORE: 7 Powerful tips to empower Nigeria’s rising women entrepreneurs

  • Industry-Academia Partnerships

    Stronger collaboration between educational institutions and industry leaders ensures that academic training aligns with market demands.

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    Internships, cooperative education programs, and joint research projects expose students to real business challenges, facilitating the seamless transfer of knowledge and skills from the classroom to the workplace.

  • Funding and Startup Support

    Access to financial resources is vital for launching successful ventures. Universities, in partnership with government bodies and private investors, offer grants, low-interest loans, and business development workshops.

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    This support helps new entrepreneurs overcome early-stage hurdles, enabling them to build sustainable businesses that contribute to economic growth.

These approaches show how academic excellence is driving entrepreneurship in Nigeria. By combining practical training, mentorship, research, industry partnerships, and funding support, educational institutions are preparing graduates to tackle real business challenges and boost economic progress.

This focused effort strengthens the entrepreneurial ecosystem and supports long-term growth and community development across the country.

RECOMMENDED: 7 best countries for Nigerians looking to start a business abroad

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