The US Latino GDP has soared to $4 trillion, making it the second-fastest growing among the world’s ten largest, according to the newly released 2025 Official LDC US Latino GDP Report. The report, now in its eighth edition, was published by the Latino Donor Collaborative (LDC), a think tank dedicated to highlighting economic growth opportunities. “The data confirms what we’ve seen building for years,” Sol Trujillo, Co-Founder and Chairman of the Latino Donor Collaborative, said in a press release. “Latinos in the US are not just participating in the economy;
In July, Diarrha N’Diaye-Mbaye announced that her beauty brand Ami Colé will close in September. As one of the few Black women to have raised more than $1 million in venture capital, N’Diaye-Mbaye’s exit marks a loss not just for beauty lovers, but for Black female founders, too. Ami Colé had a devoted following, but the brand struggled to compete with industry giants backed by deep-pocketed corporations. “I couldn’t compete with the deep pockets of corporate brands; at retail stores, prime shelf space comes at a price, and we couldn’t
Arif Gursel, founder and CEO of Pan-African Center for Empowerment (PACE), has launched SEA619, a program created to support Black entrepreneurs in the Seattle area. Gursel is launching multiple programs within SEA619, taking an individual approach for each business. The organization’s name is a combination of the Seattle-Tacoma airport code, SEA, and 619 to honor Juneteenth. “I believe people come into things at varying needs, skill sets, and understandings, and when you try to put something on a rail, some of those carts go faster. Some of those carts go
Pan-African payment orchestration platform, HoneyCoin, has raised $4.9 million in a seed round led by Flourish Ventures. Other investors included Visa and TLcom, Stellar Development Foundation, Lava, and more, according to a press release shared with POCIT. The Nairobi-based startup tackles inefficiencies in global financial infrastructure, particularly for businesses in pre-emerging markets. It gives businesses a unified, stablecoin-compatible platform for collections, treasury management, settlements, and FX management. By building a stablecoin-based liquidity engine and bypassing fragmented rails, HoneyCoin gives businesses instant or same-day settlements, compared to the traditional four to seven-business-day timeframe. David Nandwa
Mastercard released a whitepaper highlighting Africa’s readiness, opportunity, and roadmap for responsible artificial intelligence (AI) adoption. Harnessing the transformative power of AI in Africa shares insights into how AI can unlock significant outcomes across the continent’s major industries, including agriculture, healthcare, education, energy, and finance. The whitepaper also details the potential positive impact of AI on digital infrastructure, policy and governance, research and development, local language processing, and investment into Africa. Additionally, it examined how AI can create more jobs, with up to 230 million digital jobs projected by 2030 on
The Nigerian melon seed, Egusi, made history by becoming the first West African crop and the first object from Nigeria to reach space. The seeds, which are initially from Oyo State in southwest Nigeria, launched aboard SpaceX Crew-11 as part of a NASA-backed research mission to the International Space Station, according to BBC Africa. The trip was led by 2021 Forbes Africa 30 Under 30 honoree Dr. Temidayo Oniosun. The project explores how culturally significant crops, such as Egyptian cotton and Pakistani wheat, behave in microgravity. Taking Egusi to space
Rep. Ro Khanna of California is on a mission to connect students at Historically Black Colleges and Universities with high-paying tech jobs at leading Silicon Valley companies. Khanna is working with Jackson State University to inspire students at HBCUs to pursue careers at top corporate tech companies, beginning in his district – the 17th congressional district in California, according to WLBT Channel 3 News. He aims to engage Black Southerners in the digital revolution by learning about and working with artificial intelligence and technology. “There are ambitious students at our
When was the last time a social media platform made you feel positive about yourself? As much as we don’t want to admit it, most of us spend our days doomscrolling, which can have a negative impact on our self-esteem. The simplest solution would be logging off, but you can’t escape social media forever. For Gen Z and Gen Alpha, social media often shapes who you are, as high social media usage is often linked to low self-esteem for young women. 17-year twins Avril Piera and Paris Ofe know about
Chowdeck, a food delivery startup based in Lagos, has raised $9 million in Series A funding. The equity round was led by Novastar Ventures, with participation from Y Combinator, AAIC Investment, Rebel Fund, GFR Fund, Kaleo, HoaQ, and others. The fund will help the company expand in more cities in Nigeria and Ghana and roll out a quick commerce strategy aimed at speeding up grocery and local market deliveries, according to Business Insider Africa. “We’re thrilled about this round as it brings us closer to our vision of becoming Africa’s
Atlanta-based Gray Media, Inc., will acquire 10 television stations from Byron Allen’s media group for $171 million. The transaction would bring Gray into three new markets – Columbus-Tupelo, Mississippi; Terre Haute, Indiana; and West Lafayette, Indiana, according to a press release. It will also build the company’s presence in seven other markets, creating duopolies that will enable Gray to enhance its public service to their communities with expanded local news, local weather, and local sports programming. Allen Media Group in debt In June, Byron Allen announced that it was selling
