Over 300 Employees loose Jobs as Copia leaves Uganda
copia logo
The company says its choice is, “ok with a consideration that lots of the best companies in Africa and across the world are adhering to the market climate and focusing on benefit.”
copia agent delivering package to client
“Given the economic slump and low capital business sectors are still on going for quite a while, Copia plans to double up on efforts to drive the Kenya founded business to manageable, scaled benefit,” company statements reads
.
In 2021, Copia set up for business in Uganda, a move which Tracey Turner, Copia global founder portrayed as ” a great move” in satisfying the company’s main goal to reach at Africa’s rising middle class. “Uganda has quite possibly of the quickest developing middle class on the planet with a dedicated population and a unique enterprising society. Copia was designed to serve this high development however received low consumer base who wanted access to high quality items at the best costs,” Turner had said.
Giving explanation about the choice to leave Uganda, President Tim Steel said, “This is the right move for Copia given the market climate,” He says Copia will make a solid effort to arrive where it can, “restart our panAfrican plan.”
“By zeroing in our assets on our Kenyan business, we can guarantee small profits and long term success. This implies stopping our international development plans, including suspending our Ugandan activities” Steel added.
Copia says it has notices its agents and clients in Uganda of its leave and is now paying out extraordinary commissions to agents.
Over 350 workers will be affected by Copia’s choice to leave Uganda and double down on Kenya. The firm says impacted workers have been given a relief package.
.
In 2021, Copia set up for business in Uganda, a move which Tracey Turner, Copia global founder portrayed as ” a great move” in satisfying the company’s main goal to reach at Africa’s rising middle class. “Uganda has quite possibly of the quickest developing middle class on the planet with a dedicated population and a unique enterprising society. Copia was designed to serve this high development however received low consumer base who wanted access to high quality items at the best costs,” Turner had said.
Giving explanation about the choice to leave Uganda, President Tim Steel said, “This is the right move for Copia given the market climate,” He says Copia will make a solid effort to arrive where it can, “restart our panAfrican plan.”
“By zeroing in our assets on our Kenyan business, we can guarantee small profits and long term success. This implies stopping our international development plans, including suspending our Ugandan activities” Steel added.
Copia says it has notices its agents and clients in Uganda of its leave and is now paying out extraordinary commissions to agents.
Over 350 workers will be affected by Copia’s choice to leave Uganda and double down on Kenya. The firm says impacted workers have been given a relief package.
Founded in 2012 with operations commencing in 2013, Copia combines technology and a network of roughly 40,000 local agents to reach consumers in cities and towns across East Africa.
Discover more from Ugandan Exclusive
Subscribe to get the latest posts sent to your email.