South Africa-based online subscription video on demand (VOD) streaming services, Wabona, has announced that it is shutting down.
Founded in 2012 by Simba Mabasha and Simukayi Makuna, according to a report by Techzim, Wabona provided a subscription-based internet video streaming service that focused mainly on African content while active.
Wabona’s website had since been shut down as at the time of writing this article. A statement from Wabona did not give a reason for the closure.
“We will be shutting down Wabona in the coming days,” an excerpt of the company’s official statement says. “We have begun issuing refunds to those who have recurring billing and should complete the process by weeks end.”
Competition in the Africa-focused VOD space is rife with the likes of Nigeria’s iROKOtv, Kenya’s Buni and France-based AfricaFilms.tv. A recent addition to this line up is the YC-incubated AfroStreams which is already being called “the Netflix of Africa” and seem primed to shake things up in the space.
Image: Jarmoluk via Pixabay
