Tools like ChatGPT, WordPress, and React have made creating a website easier than ever, opening the doors of web design to a broader audience. However, this democratization of web design has presented opportunities and challenges, particularly for those who have long relied on it for their livelihood. In South Africa, where web design was once a lucrative profession, AI-powered web design tools bring promise and uncertainty to professionals in the field, Rest of the World reports. An oversaturated market In 2018, web designers in South Africa could earn an average
Walgreens Boots Alliance has announced the departure of its CEO, Rosalind Brewer. According to Bloomberg, Brewer was the sole remaining Black female CEO of an S&P 500 company; the last Black woman to lead an S&P 500 company was Ursula Burns, who left Xerox in 2016. Like many retailers, Walgreens faced challenges this year as the demand for COVID-19 testing and vaccines declined, and retail sales experienced a slowdown. Brewer’s departure is part of the company’s transition into a healthcare company instead of a drugstore. According to CNBC, shares of
Elizabeth Nyamwange is a 17-year-old inventor of Etana, a device addressing the identification crisis that affects millions of impoverished women globally. Her solar-powered fingerprint scanning device enables users to create unique biometric digital identification without relying on internet access. The identification crisis NPR reports that around one billion people around the world do not have any official identification, leaving them without important documents, including birth certificates and passports. Nywamwange, who hails from Byron, Illinois, has dedicated herself to solving the worldwide digital identification gap that primarily impacts women in low-infrastructure environments. She told
This article was first published by Cheryl Lyn here. Many African American small business owners face challenges with funding due to post-pandemic hardship, inflation, and fierce competition. Yet black-owned businesses have been integral to the U.S. economy in the past and present. To help you out, we’ve rounded up a list of 20 places where you can seek grants and funding for your business in 2023. Backstage Capital What’s cool about Backstage Capital is that they intentionally back underrepresented founders, particularly those of color, female genders, and LGBTQ orientations. Founded in 2015, this private firm
Today, Robert F. Smith announced that Vista Equity Partners, his market investment firm, has surpassed $100 billion in assets under management (AUM)—the total market value of all its investments. Vista Equity Partners Smith is the wealthiest Black man in the United States, surpassing Oprah Winfrey in 2018 as the richest Black American. He founded Vista Equity Partners in 2000 to invest in businesses that use tech to promote economic equity, ecological responsibility, and diversity and inclusion. He recently announced plans to sell Apptio – a company that helps connect technology investments to business
Black Tech Street has announced an alliance with Microsoft to transform the Oklahoma neighborhood of Greenwood, also known as “Black Wall Street,” into a national hub of Black talent and innovation. Greenwood and Black Tech Street Greenwood is a historic freedom colony in Tulsa, Oklahoma, and had one of the most prominent concentrations of African American businesses in the United States during the early 20th century. It was popularly known as America’s “Black Wall Street” but was burned to the ground in the Tulsa race massacre in 1921 by a white
Pryce Adade Yebesi is the 23-year-old co-founder and COO of Utopia Labs, a startup on a mission to bridge the gap between crypto and traditional payment systems, and ultimately, create a new internet economy. Recently, Utopia Labs raised an impressive $23 million, making Yebesi one of the youngest Black founders to achieve such a milestone. Driving the adoption of crypto payments Utopia Labs’ founders Pryce Adade Yebesi, Kaito Cunningham, Jason Chong, and Alexander Wu first met on Discord and Twitter. The quad was brought together by an interest in Decentralized
American rapper Sean “Diddy” Combs has launched an e-commerce platform Empower Global, allowing consumers to discover and buy products created and sold by Black entrepreneurs. “My mission has always been to empower Black entrepreneurs and create more opportunities for them to access the resources, tools, and support needed to build successful businesses,” said Sean “Diddy” Combs, Chairman of Combs Global, in a press release. Empower Global Empower Global is an immersive e-commerce experience offering products from Black-owned businesses. With a focus on culture and community, Empower Global aims to create
Former bankers Lyndsae’ Peele and Casey Ariel are turning to web3 to empower and uplift Black women entrepreneurs with Zubachee, their “metaverse ecosystem for Black women in business.” The pair plan to onboard one million Black women onto the metaverse by 2023. What is Zubachee? Zubachee aims to become the go-to space in the metaverse for Black women entrepreneurs to find the tools and support needed to scale their businesses. Zubachee is also developing a curriculum and planning events to educate Black women needed to run profitable business operations. While
Founding President at Public Ventures, Zoey Dash McKenzie, has launched a $100 million impact fund to nurture the next generation of life science and climate tech startups emerging from academic research. TechCrunch reports that McKenzie is particularly keen to support Canada-based life science and clean tech startups that focus on improving health equity and supporting climate preparedness for underserved communities. Investing in climate equity According to UN Women, women and girls experience the most significant impacts of climate change, amplifying existing gender inequalities and posing unique threats to their livelihoods,
