Startups in Africa raised $2.2 billion in 2024, with Kenyan startups receiving the most funding, according to Africa: The Big Deal. For the second year in a row, Kenya secured the most funding in Africa, raising $638 million, with 88% of the total amount raised in East Africa. How much money was raised in Kenya and East Africa? East Africa raised $725 million in total, equal to 1 in 3 dollars raised in Africa. Kenya received $638 million in funding on its own, which makes up 88% of the overall
Meta has deleted its AI-powered Facebook and Instagram profiles following backlash over racist and offensive characters. The tech giant had quietly rolled out the AI-driven accounts that could interact with other users via direct messages in 2023 alongside its lauch of Celebrity AI characters. “Proud Black Queer Momma” These accounts lived under the radar until the Financial Times published a story on December 27 exploring Meta’s intentions to continue integrating user-generated AI profiles that users can create and edit to preferences into its social media platforms. Meta deleted its Celebrity AI
Mark Clayton, a former NFL player, raised $1 million in funding for his LIVV Audio brand of high-performance headphones he designed in high school. The wide receiver, who spent most of his seven-year career with the Baltimore Ravens, created the headphones for athletes and those interested in fitness. Clayton’s Idea Clayton started designing the concept for his headphones while studying business administration and management at Babson College. However, the idea for the headphones came to Clayton during his pool-based rehab sessions after recovering from a knee injury when he joined the
Africa’s startups raised $2.2 billion in equity, grants, and debt (excluding exits). While this is an impressive figure, it highlights a 25% decrease compared to last year, when startups in Africa secured $2.9 billion, according to ‘Africa: The Big Deal.’ Who were the major key players? The total of $2.2 billion was primarily driven by two significant deals by Nigeria’s Moniepoint and South Africa’s Tyme Group. A gross of 188 ventures secured $1 million or greater (excluding exits) in funding, 10% less given in 2023 despite the 25% dip in
Walmart has recently decided to discontinue multiple diversity, equity, and inclusion (DEI) initiatives in its workplaces. With 1.6 million employees, Walmart is one of the world’s largest retailers, meaning its decision on DEI has significant consequences for all retailers and corporations. Walmart rolls back DEI This plan to phase out DEI efforts was initially made public by anti-DEI conservative activist Robby Starbuck. Posting on X, Starbuck said, “Walmart is ending their woke policies. Last week, I told execs at [Walmart] that I was doing a story on wokeness there. Instead,
