Alami Capital, the National Information Technology Development Agency (NITDA), and the Securities and Exchange Commission (SEC) are collaborating to launch the LaunchPad at GITEX Nigeria 2025, a pioneering investment and venture-building platform designed to scale Africa’s most promising women-led startups. Women in Africa own 27% of businesses and contribute 13% of GDP, and yet they only receive 7% of total venture capital. The LaunchPad will tackle the under-capitalization of women-owned startups. After GITEX Nigeria, The LaunchPad will give $250,000 in catalytic capital to 5 selected ventures, along with mentorship and
NBA star Stephen Curry will team up with Google in a long-term strategic partnership, shaping the company’s hardware, features, and AI services. Curry will join the company as a “performance advisor” for Google’s Health, Pixel, and Cloud products. In his role, Curry will actively shape the future of Google Health and Fitbit products and features. Curry becoming Google’s performance advisor Curry will work with Google’s health and AI engineers to alter products, train algorithms, and craft next-generation health experiences. He will also test and provide feedback for Fitbit’s new personal
Create, an app-building platform, has secured $8.5 million in total funding, including a $5.5 million round led by Bessemer Venture Partners. Other investors included Shopify, Front, Zapier, Intercom, Shippo, and Ben’s Bites. Its new product, Anything, which went live on August 7, reached 3.2 million views, over 30,000 new sign‑ups, within 72 hours of launching. It also tripled the number of paid subscriptions compared to the week before, bringing the company’s total registered users to exceed 500,000, as reported by Tech Funding News. What does Anything do? While competitors were focusing
After serving at Target for 11 years, CEO Brian Cornell is stepping down from the retailer after it faced low foot traffic and backlash to ending its DEI efforts. Cornell will stay on as executive chairman and will be replaced by Target’s current chief operating officer, Michael Fiddelke, on February 1, 2026, according to a press release. He took over the company in 2014 and transformed the retailer, overseeing a strategy to remodel stores and strengthen the chain’s online business to compete with Amazon. Target’s decline Target has been on
Target has struggled to recover from boycotts and backlash following its rollback of diversity, equity, and inclusion (DEI) initiatives. The retailer’s foot traffic has remained low, according to data from analytics platform Placer.ai. Since Q1 2024, the company’s year-over-year foot traffic changes have closely mirrored its revenue shifts, Retail Brew reports, differing by an average of just 1.2 percentage points over the past five quarters. Scaling Back DEI Efforts In January, Target announced that it would end its three-year DEI goals, conclude its Racial Equity Action and Change (REACH) initiatives in
Historically Black College, Tennessee State University (TSU), is preparing to build a 70,000-square-foot engineering building. The Tennessee State Building Commission approved the future-ready campus on August 15, and TSU’s commitment to sustainability, workforce development, and leadership among university engineering programs. The $50 million facility will serve as a hub for innovation, collaboration, and cutting-edge research, as stated by a press release. The completion date is summer 2027, with construction expected to begin later this year. “This facility will provide a world-class space that enhances interdisciplinary collaboration across six undergraduate programs,
The National Science Board has elected Victor McCrary as its new chair, the board announced July 24. McCary, who is currently the vice president for research and professor of chemistry at the University of the District of Columbia, will replace former Chair DarÃo Gil, who left the role to become under secretary for science at the US Department of Energy. “The nation’s science and technology (S&T) enterprise is in the midst of a profound transformation,” Chair McCrary said in a press release. “A transformation that began years ago and is
Confido has raised $20 million in total funding across its Seed and Series A rounds. Footwork led the rounds with participation from Watchfire Ventures, Y Combinator, Boulder Food Group II, Fintech Fund, Barrel Ventures, and a group of strategic angels. The startup, founded in 2022 by Justin Hunter and Kara Holinski, began by automating Cash Application and Deductions Management. Over the past year, it expanded into Trade Promotion Management and Sales Forecasting, with the mission of giving accounting, finance, and sales teams a single platform to plan, execute, and analyze
Seafood restaurant chain Red Lobster is making a comeback under the leadership of CEO Damola Adamolekun. The 36-year-old, who took the helm as Red Lobster emerged from Chapter 11 bankruptcy last year, is leaning on two simple strategies: listen to customers and make the restaurants worth returning to. Red Lobster’s bankruptcy Founded in 1968, Red Lobster filed for Chapter 11 bankruptcy in May 2024, closing more than 100 of its nearly 650 restaurants. Decades of rising labor and lease costs were compounded by the infamous endless shrimp fiasco, which turned
Rebundle, the first US-based, plant-based braiding hair company, now has a patent for its flagship innovation. In June, the brand’s founder, Ciara Imani May, announced that the company learned the United States Patent and Trademark Office approved Rebundle’s patent for its hair extension line called braidbetter. “The patent protects the core innovation behind braidbetter, giving it its unique texture, durability, and scalp comfort,” May said in an Instagram post. “For our community, it’s further proof that this product is protected, scalable, and here to stay.” Rebundle solving a solution After May
