Techcabal announced that they are hosting a conference call tomorrow to discuss Konga’s (lead?) investor’s Q2 report.
A quick perusal through the report shows that they’ve marked down the value of their investment twice. I suspect it’s a combination of the devaluation of the naira and a systemic drop in consumer confidence. Nobody wants to mark down their investment twice. With that kind of pressure on the management, if you aren’t in R & D or a top sales driver, your job is at serious risk. Unfortunately, it’s only going to get worse leading into 2018. 