Worldview: Africa’s E-Commerce Giants Hit Turbulence

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Copia Global, the parent company of the mass market e-tailer that raised $123 million in venture funding, has appointed KPMG to manage the administration process, putting it at risk of shutting down. Citing “uncertainties ahead”, company CEO Tim Steel wrote in an internal memo seen by TechCabal that “it is very likely that there will be a reduction in our workforce, and…