Red Lobster, the iconic seafood chain, has officially exited Chapter 11 bankruptcy following its acquisition by RL Investor Holdings LLC, a group backed by Fortress Investment Group. The company has named 35-year-old Damola Adamolekun as its new CEO, marking a milestone in both the restaurant’s history and the career of this rising Black business leader. New Leadership Ushers in a Fresh Chapter for Red Lobster With a new ownership structure in place and fresh leadership at the helm, Red Lobster is positioning itself for a comeback. Adamolekun, who previously served
Brandcil, a technology company, has introduced an enterprise-level social media management platform. Launched on June 10, 2024, Brandcil distinguishes itself as one of the few platforms offering comprehensive tools for streamlining social media tasks across various networks. A Game-Changer for Social Media Management The platform enables users to manage multiple social media accounts, schedule posts, and monitor performance, integrating with major platforms like Instagram, Facebook, YouTube, LinkedIn, TikTok, Pinterest, and X (formerly Twitter). This one-stop solution aims to optimize social media strategies for businesses and individuals alike. Brandcil has formed
In this episode of Techish Podcast, Abadesi and Michael discuss Kamala Harris vs. Donald Trump debate Bias and how it ties into today’s political climate AI and how companies building their own solutions to save money Social media affecting brand engagement Plus they break down Fearless Fund lawsuit and more! Listen to the episode You can find the Techish podcast on Spotify, Apple, and all good podcast apps. Watch on Youtube
The UK government has launched an initiative to strengthen science, technology, and innovation systems across West Africa, with a new £1.9 million ($2.5 million) funding package. The initiative, named Sankore, was announced by Lord Collins, UK Minister for Africa, at a press conference in Accra. This project is part of the West Africa Research and Innovation Hub (WARIH), designed to support economic growth in the region by driving innovation and strengthening digital services. Focus on Ghana and Nigeria The Sankore project will primarily focus on Ghana and Nigeria, two of
Black students are over twice as likely to be falsely accused of using artificial intelligence (AI) tools to complete school assignments compared to their white and Latine peers, according to a new report from Common Sense Media. Released on September 18, the study revealsthat while 10% of students from any background report their work being wrongly flagged as AI-generated, the figure jumps to 20% for Black students. In contrast, only 7% of white and 10% of Latine students face such false accusations. Biased AI Detection Tools The discrepancies in AI
This article is sponsored by Morgan Stanley Inclusive Ventures Lab The Morgan Stanley Inclusive Ventures Lab (MSIVL) is proving that inclusion really does fuel innovation. Since 2017, Morgan Stanley’s in-house startup accelerator has helped over 100 companies raise over $200 million and reach a collective valuation of more than $1 billion. MSIVL provides early-stage technology and technology-enabled startups with $250,000, handpicked mentors, custom curriculums in finance, sales, and marketing, and a coveted opportunity to pitch to investors following their five-month accelerator participation on a Demo Day, setting founders up for
Rapper and entrepreneur 2 Chainz has joined PepsiCo to launch “Taste of Tomorrow,” a new initiative aimed at addressing the underrepresentation of Black professionals in Science, Technology, Engineering and Math (STEM) careers. Boosting Black representation in STEM Despite STEM fields experiencing rapid growth, Black professionals currently make up just 9% of the workforce. The “Taste of Tomorrow” initiative aims to break down the systemic barriers Black students face in pursuing STEM careers, such as limited access to advanced coursework and public programming. Rapper and entrepreneur 2 Chainz, a HBCU alum,
Uncap has launched Unconventional Capital, a new €30 million (USD 33.4 million) fund to provide early-stage African small and medium-sized enterprises (SMEs) with alternative financing. Backed by major institutions like the Bill & Melinda Gates Foundation and the Bayer Foundation, the fund will focus on high-impact sectors such as agriculture, climate resilience, and financial inclusion, driving economic development across Africa. A New Approach to Financing Based in Munich and Nairobi, Uncap has been working to close the capital gap for African businesses since 2019, using a remote, data-driven approach. The
While TikTok fights a potential US ban in court, Snapchat is seizing the opportunity to attract creators. Here’s what Snap’s feature announcements and new partnership with Issa Rae’s company, Ensemble, could mean for creators from underrepresented backgrounds. Snap Partners With Issa Rae Snap has ramped up efforts to make Snapchat the go-to platform for creators. During its NewFronts presentation in May, Snap announced a collaboration with Issa Rae’s new company, Ensemble. This partnership aims to expand Snap’s 523 Program, which provides creators from underrepresented backgrounds with $10,000 per month, 1:1
The United Negro College Fund (UNCF) has announced the launch of HBCUv®, a digital learning platform designed specifically for historically Black colleges and universities (HBCUs). The announcement came during the UNITE 2024 Summit for Black Higher Education, with six HBCUs signing on as founding members. A Platform Built by HBCUs for HBCUs HBCUv aims to provide a seamless digital experience that mirrors the supportive and culturally rich environment of HBCU campuses. The platform is the result of over 3,000 hours of research involving students, faculty, and staff and combines online
