A Nigerian B2B e-commerce startup focusing on logistics and financing for merchants, recently pivoting to traceability services.
E-Commerce Startup Sabi Lays Off 20% of Staff as It Shifts Focus to Global Commodity Trade
Sabi has laid off approximately 50 employees, representing 20% of its workforce. The startup is shifting its focus from retail services to exporting traceable, ethically sourced commodities.
After raising $38M, African e-commerce startup Sabi lays off 20%, pivots to traceable exports
Sabi laid off around 20% of its workforce, approximately 50 employees, as part of a restructuring effort. The company is pivoting from a retail-focused platform to a growing business in commodity exports.
Sabi cuts 20% of staff, refocuses on commodity traceability
Sabi cut around 20% of its staff to concentrate on its TRACE platform. TRACE is designed to help global buyers trace minerals and crops back to their source.
Sabi cuts staff as it narrows its focus to commodities’ trade
Sabi laid off roughly 50 staff members, about 20% of its workforce, in a restructuring effort. The company is pivoting to focus on its TRACE platform for tracking minerals and agricultural goods.
Africa Tech Summit Awards 2025: Meet the Winners
The Africa Tech Summit Awards 2025 recognized top tech entrepreneurs and ventures in Africa. Over 1,600 tech leaders from 65+ countries attended the seventh edition of Africa Tech Summit Nairobi.
