Ethiopia has announced plans to ban the importation of fuel-powered vehicles, shifting its focus exclusively to electric vehicles (EVs). Alemu Sime, the Ethiopian Minister of Transport and Logistics, announced the bold move as part of the country’s comprehensive green mobility strategy. Electric Vehicles Only According to Sime, Ethiopia spent €6 billion ($7.6 billion) on petrol and diesel imports in 2023. Additionally, pollution levels in city centers due to cars are reportedly off the charts. Now, the government has decided to allow only EVs into the country by banning gasoline and diesel-powered
Black-owned, Philadelphia-based Win Win Coffee has launched a transformative technology platform to connect coffee farmers directly with buyers, creating a more ethical and streamlined process. Co-founded by Nikisha Bailey and Matthew Nam, Win Win Coffee has the vision to lead a coffee industry renaissance where every sip is a journey through the diverse narratives of the African diaspora. After Win Win Coffee was forced to close in 2020 due to pandemic restrictions, Bailey and Nam decided to source and produce their own brand of coffee. This gave them a look into the process of producing
Black Americans consume more media than any other US population, but almost 70% wish they saw better representation, a Nielsen report has found. Black Audiences Consume The Most Media Nielsen’s “The Global Black Audience” report highlights Black America’s significant engagement with media and their perspective on representation in content and advertising. Black Americans remain today’s core audience, spending more time with media than any other US population, 81 hours weekly. Black audiences 18 and older in the US spend the most time on media daily – nearly 12 hours. The
Neon Money Club has launched a new dating app, Score, for people with a credit score of 675 or above. Luke Bailey and Jackie Liao co-founded Neon Money Club as an invite-only money club that aims to empower users financially while bypassing hurdles they often face. Members get access to invest in the US stock market, hyper-relevant financial content, and their recent launch of a Cream Card, making Neon Money Club the first Black-owned business to establish an American Express Card. The Score Dating App Neon Money Club has become the first financial brand
An Atlanta-area Black-owned tech company founded by Derek Bailey hopes to change the delivery industry with the Exceeder app. Atlanta’s All-Electric Vehicle Delivery Service Exceeder is an all-electric vehicle delivery service offering sustainable electric SUVs, pickup trucks, and scooters for rent. At the heart of its innovation is the Proteus Generator, a patented gas-to-electric-circulation generator that transforms fuel into low-carbon electricity, redefining recharging for electric vehicles. “The Proteus generator basically puts the power plant onboard the vehicle, eliminating the need to plug into an external power source,” Bailey told Digital
Amazon-owned Ring will stop allowing police departments to request user doorbell camera footage without a warrant or subpoena following concerns over privacy and racial profiling. Ring’s police partnerships The Ring Doorbell Cam is a wire-free video doorbell that can be installed into people’s front doors and homes. Amazon acquired Ring in 2015 for a reported $1 billion. In 2019, Amazon Ring partnered with police departments nationwide through their Neighbors app. Police could access Ring’s Law Enforcement Neighborhood Portal, which allowed them to view a map of the cameras’ locations and directly
Grammy-award-winning producer Jermaine Dupri and his label So So Def Recordings have announced a new multi-year partnership with Create Music Group. Jermaine Dupri’s So So Def Recordings So So Def Recordings was founded by Dupri in 1993, and since then, he has worked with many successful artists at the start of their careers. He produced Usher’s diamond-certified album “Confessions” and Mariah Carey’s platinum album “Emancipation of Mimi.” As part of the new deal, So So Def Recordings will bring all of its recordings, publishing, and back catalog to Create Music
In the Black Network (ITBN) has launched ITBN Africa, featuring 70 hours of programming committed to highlighting the creative voices that represent African cultures. ITBN is an AVOD streaming service that highlights Black voices and original stories that are culturally significant and relatable to all audiences. Viewers can access multi-genre content from Black creators, including sports, music, scripted, drama, talk, kids, and family or feature films. ITBN Africa ITBN Africa started on February 5th and expanded its library of titles by adding additional independent TV series, films, and documentaries. The collection
Ingenium has opened applications for its new Black and African Canadian Scientific and Technological Innovations Fellowship. Ingenium – Canada’s Museums of Science and Innovation Ingenium, Canada’s Museums of Science and Innovation, is responsible for Canada’s national scientific and technological collection, which includes over two million archival items and more than 150,000 artifacts. It also oversees three national museums in Ottowa, including the Canada Science and Technology Museum, where the fellowship will occur. The fellowship was developed in partnership with the Black Canadian Studies Association with the help of founding donors Dr. Gervan Fearon
Paul Judge And Marcelo Claure Are Raising $200M For Their Open Opportunity Fund For Diverse Startups
After buying SoftBank’s Open Opportunity Fund, Paul Judge and Marcelo Claure have announced plans to raise a $200 million fund. SoftBank Group is a Japanese multinational investment holding company focusing on investment management. Judge and Claure recently acquired the firm’s $100 million Open Opportunity Fund 1, $150 million Fund 2, and the entire portfolio. They initially planned to increase Fund 2 to $200 million, which they are now doing. A New $200M Fund The two are now raising the second Open Opportunity Fund, as they want to replicate the same winning recipe with an eye toward
