Mecho Autotech's Bumpy Ride: Navigating Nigeria's Economic Crossroads
Mecho Autotech, a rising star in Nigeria's auto repair sector, has hit a roadblock—laying off part of its 40-strong workforce due to Nigeria's tough economic climate. Blaming an unpredictable forex rate and soaring inflation, Mecho is switching gears, turning its remaining full-time staff into contract workers. Even with $2.4 million in new funding, the much-anticipated app remains a pit stop away.
Dec 26