The UK wants more African companies to choose London when raising money on the stock market, a British trade official told Semafor. Tracey Austin, a senior director at the Department for Business and Trade (DBT), said attracting more African IPOs has become a top priority. “The UK is trying to be more inventive to sell London as a financial services center from where companies can attract global capital, not just a place to do business in and leave,” Austin said. African Companies Are Already Raising Billions in London Between 2010
The current job market is tough. In the tech market specifically, employment across all sectors declined by approximately 214,000 jobs in April, according to the tech trade association CompTIA, which analyzes data from the Bureau of Labor Statistics. It’s even harder for Black workers to find a job as unemployment among Black Americans rose to its highest level in more than three years. In June, the jobless rate for Black Americans increased to 6.8%, up from 6% in May, according to the Labor Department, as reported by CNN. So, how can you stand
Sahel Capital, a private investment firm dedicated to expanding Africa’s agribusiness sector, has announced that its Social Enterprise Fund for Agriculture in Africa (SEFAA) has secured a $10 million investment from the Mastercard Foundation Africa Growth Fund. The partnership, funded by MEDA Mauritius, will contribute to expanding financing for small and medium-sized agribusiness enterprises across sub-Saharan Africa. “Since the inception of the Fund in 2021, we have processed 33 facilities to 18 companies in 7 countries in SSA”, Mezuo Nwuneli, Managing Partner of Sahel Capital, said in a press release. SEFAA’s strengthening
Mykel B Davis, CEO of Muscle Up Mommy and creator of MUMFEST health and wellness festival, is set to relaunch Muscle Up Mommy online store during Black Breastfeeding Week. The relaunch brings back its sought-after wearable Breast Pump. “Muscle Up Mommy is making a bold statement: access, innovation, and representation in maternal health should not be optional—they’re essential,” Davis said in a press release shared with POCIT. Disparities in breastfeeding Black women in the US face significant disparity in breastfeeding rates, with lower rates of initiation and duration compared to white
Tariqua “Tai” Nehisi, founder of Organizely, an AI-powered future workplace platform, is set to launch Tulsa Tech Week on Sept. 22. After launching her startup in 2021, Nehisi found herself in Tulsa, Oklahoma, for a program called Tulsa Remote in the following year. “I made a decision to move here at least for the year and see what Tulsa looked like. And in that moving here, I came at a time when there was a really great concerted effort to support the rebuilding of Black Wall Street through a technical lens with Black- and brown-focused
The Rev. Al Sharpton is preparing to march against Donald Trump’s attacks on DEI efforts. His organization, the National Action Network, is hosting its annual march on Thursday, August 28th. This year, the march will start at the African Burial Ground National Monument at 10 a.m. and then head to Wall Street. In an interview with NY1 political anchor Errol Louis on “Inside City Hall,” Sharpton said businesses need to be held accountable. Typically, Sharpton and his organization march on Washington to remember Martin Luther King’s 1963 ‘I had a
Caroline Wanga is stepping down from her role as president and CEO of ESSENCE Ventures. Wanga joined the company in 2020 but took a one-year leave due to health reasons. On August 25, ESSENCE Ventures issued a press release stating that Wanga would be leaving the company indefinitely, according to Black Enterprise. “We are profoundly grateful to Caroline for her leadership, vision, and unwavering advocacy of Black women and culture,” Richelieu Dennis, founder and chairman of Sundial Technology & Media Group, parent company of ESSENCE Ventures, said. “Her expertise in culture, equity, and
Atlanta-based Southface Institute has partnered with the Sustain Our Future Foundation on Building Improvement Toolkits (BIT) for Resilient HBCU, an initiative aiming to advance sustainability efforts within five historically Black colleges and universities. What will the initiative include? Each participating HBCU will receive $150,000 in grants to help each school reach its sustainability goals, as well as for workforce development, training, and hosting 25 paid student fellows, according to Atlanta Business Chronicle. An essential part of the initiative is an online platform, serving as a central hub for tracking performance
The Supreme Court has allowed the Trump Administration to cut grants issued by the National Institutes of Health in a bid to end federal DEI efforts. The decision was made on Thursday, the 21st of August, with the court being split 5-4 on the ruling, according to The Guardian. The court’s ruling marks a significant reversal, enabling the administration to reinstate grants that it had begun cutting in Late February. The split court decision The case was split among the Supreme Court’s nine justices, with three appointed by Trump, leading to a
Every entrepreneur knows that running a business is not for the fainthearted. You’re often working several hours a day, balancing several tasks, managing your own cash flow, and then there’s the extra burden of being a Black or Brown entrepreneur. 81% of minority founders experience mental health issues, with 60% experiencing anxiety and 20% dealing with depression. It’s an aspect of being a business person that isn’t spoken about widely enough, especially for minorities. This is what drove wellness entrepreneur and founder of BodyCompleteRx, Samia Gore, to launch Foundnwell, a community-driven non-profit
