Summer camp is more than just fun and games for the young entrepreneurs attending the first annual Youth Business Camp. Hosted by the Better Black Business Project (B3P), a professional network for Black entrepreneurs,the three-day camp is designed to inspire and equip 14- to 19-year-olds with real-world business and financial literacy skills. Creating opportunities for Black business owners in Minnesota In Minnesota, African Americans make up 14% of the population but only 2% of businesses. B3 aims to close that gap. LeBrent Speed founded B3P to change that. “I grew
Coming to the US and trying to find a job as an immigrant is no easy task. Colombian immigrants Stephanie Murra and Lorenza Vélez saw how many Spanish-speaking people struggled to find their first job in the United States, so they sought a solution. In 2023, the pair launched Miami-based Ponte Labor during their final year at Harvard, according to TechCrunch. Connecting Hispanic workers with future employers The pair observed that employers in blue-collar industries, such as hospitality, construction, and retail, often struggle to find workers to fill hourly roles. Ponte connects
Brazil’s Supreme Court has ruled that digital platforms are responsible for the content of their users, as reported by The Rest of World. The ruling will go into effect within weeks and orders tech giants such as Google, X, and Meta to track and remove any content with hate speech, racism, and incitement to violence. Companies must clearly indicate that they’ve taken swift action to remove any harmful content. If they fail to do so, they will be held liable, as stated by the justices. Brazil’s relationship with big tech
The pace of diversity, equity, and inclusion (DEI) policy rollbacks at the nation’s largest corporations is slowing, despite high-profile political and corporate pushback, a new study has found. The findings follow a renewed anti-DEI wave, triggered by President Donald Trump’s January 20 executive order ending all federal diversity initiatives. Since then, major companies like Meta, Google, JP Morgan, and Target have scaled back or altered their DEI policies. But according to a new Gravity Research report, while the initial response was swift, the momentum behind corporate DEI dismantling has since
Investment firm Vessel has launched the Michigan Angel Collective (MAC), an early-stage angel syndicate, Crain’s Detroit Business reports. MAC will join the Ohio Angel Collective and Kentucky Angel Collective under the umbrella of the United States Angel Collective. Leading the new initiative is James Feagin, a Detroit-based social innovation leader and former head of economic mobility at the Gilbert Family Foundation. He is also the managing partner for Detroit-based Black Bottom Ventures. According to Vessel partner Wolf Starr, the Ohio Angel Collective was created to fill a funding gap for
The Federal Ministry of Industry, Trade, and Investment aims to position Nigeria as a leading exporter of skills in technology, medical and professional services, and creative industries with the relaunch of the National Talent Export Programme (NATEP), according to TechPoint. Positioning Nigeria in the global services economy Dr. Jumoke Oduwole, the Minister of Industry, Trade, and Investment, spoke about the recent move at the Itana Free Zone, stating that the relaunch of President Bola Ahmed Tinubu’s vision aims to position Nigeria firmly in the global services economy. “The opportunity is
Agbo Obinnaya and his co-founder, Ngwu Anthony Mark, are helping Nigerians learn about the law through their AI platform, Case Radar. Founded in September 2024, it’s helped 1,400 users receive legal advice and find lawyers for their cases. While its platform is similar to that of ChatGPT, both founders believe its knowledge of legal advice is limited to what is widely available online. In contrast, Casa Radar operates on digitized Nigerian court documents that were previously unavailable on the internet, according to TechPoint. Using AI to teach Nigerians about the
The Congressional Black Caucus (CBC) joins the list of Black leaders pushing for corporate accountability. Chairwoman Yvette D. Clarke and members of the Congressional Black Caucus’s Diversity, Equity, and Inclusion Task Force met with Target CEO Brian Cornell to discuss the company’s rollback of its DEI efforts, according to a press release. In January, the retailer announced that it would end its three-year DEI goals, conclude its Racial Equity Action and Change (REACH) initiatives by 2025, and discontinue a program focused on carrying more products from Black— or minority-owned businesses. Congressional
Senegalese mobile money platform Wave has secured $137 million in debt financing, led by Rand Merchant Bank, with support from British International Investment (BII), Finnfund, and Norfund, according to TechCabal. The funding will enable the company to expand its operations, allowing it to continue serving underserved communities across Africa. What does Wave do? Founded in 2018 by Drew Durbin and Lincoln Quirk, Wave serves over 20 million monthly active users through a network of more than 150,000 agents and a team of 3,000 employees across eight markets in West Africa.
A group of British Caribbean professionals has launched the Caribbean Tech Collective, an initiative designed to bring together Caribbean founders, professionals, and investors in the tech industry, according to The Voice. The Caribbean Tech Community Only 4% of people in the tech industry identify as Black in the UK, with Africans making up a significant amount of that number. The Voice reported that tech startups receive under 0.1% of global venture capital funding in the Caribbean. In 2023, venture capital investment in Caribbean tech just reached $215 million, and there
