Browsing: African tech ecosystem

Flutterwave CEO, Olugbenga Agboola, aka GB, is under scrutiny over the allegations which also include financial misconduct, insider trading and embezzlement.

These Flutterwave allegations could spook investors pouring their money into African start-ups and this is a reality until the Flutterwave scandal is discredited. If not, the whole tech ecosystem in Africa might lose out since there has been disquiet over corporate dysfunction and a toxic work culture at Nigerian tech start-ups. When Nigeria sneezes, Africa does catch a cold and the Flutterwave allegations are just the signs of a pandemic if not handled with care.

Many outsiders are outraged by Nigerian companies’ corporate dysfunction and bad workplace culture with one former Flutterwave Kenya employee, Clara Wanjiku Odero, accused Agboola of bullying and negligence leading to fraud at Flutterwave.

Selected ventures will also be able to attend the full event, which will include three summits as well as a variety of workshops, discussions, and networking events.

To apply, startups must be African (have at least one African co-founder or be headquartered in Africa), be less than five years old, have a minimum viable product (MVP) with traction, have raised less than $1 million in external funding, and have a current “ask.”

Startups must be able to travel to Nairobi for the summit. The deadline for applications is January 31st, and they will be reviewed on a rolling basis.