African startups are grappling with considerable liquidity risks due to a lack of follow-on capital which threatens their long-term survival. The Managing General Partner of SOSV, an American venture capital firm focused on early-stage investments, Sean O’Sullivan, stated this on Monday at the ongoing GITEX Global in the United Arab Emirates. Follow-on capital refers to
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Africa-focused e-commerce retailer Jumia Technologies will shut down its South African online fashion retailer Zando …