Chpter co-founders Tesh Mbaabu and Mesongo Sibuti step down in major leadership reshuffle
- Mbaabu and Sibuti stepped down from Chpter's daily operations effective September 15, 2025.
- Mark Kiarie resumes his role as CEO of Chpter, emphasizing the importance of founder leadership.
- Chpter secured a partnership with Flutterwave in June 2025, expanding to 14 African markets.
The leadership transition at Chpter reflects a strategic move to consolidate control among original founders, which could stabilize the company during a challenging market. However, the success of this shift will depend on Kiarie's ability to navigate the pressures facing African startups and leverage AI effectively in commerce.
