Steven Bartlett’s Flight Story has partnered with Dr Raphael Sofoluke, founder of the UK Black Business Show, to launch Legacy Black. The 50/50 joint venture aimed at building a global media brand focused on Black business and wealth creation. The partnership targets over £100 billion ($134 billion) of economic impact over the next decade. It emerged after Bartlett spoke at the UK Black Business Show in 2023, evolving into a media business designed to convert community into a sponsor-backed revenue model. Flight Story And UK Black Business Show Join Forces
A 13-year-old boy in the UK is paying his own boarding school fees using profits from his Caribbean food business, a venture he started at just six years old. Malaki Conteh now covers the portion of his school fees not covered by financial aid at The Prebendal School in southern England, where he attends as a full-time boarder. Tuition runs about £4,000 ($5,384) per semester, with Conteh paying the remaining balance after receiving a 50% scholarship, My London reports. Turning a Family Kitchen Into a Business Conteh runs Malaki’s Food
Nigerian mobility financing company MAX has raised $24 million in a mix of equity and debt after reaching profitability in Nigeria, its largest market, multiple reports confirm. The funding signals renewed investor interest in electric mobility across Africa, where rising fuel prices and falling battery costs are making electric two- and three-wheelers increasingly attractive for commercial drivers. The round includes equity from Equitane DMCC, Novastar, Endeavor Catalyst, and other global investors, alongside asset-backed debt from the Energy Entrepreneurs Growth Fund and development finance institutions. Profitability Brings Investors Back Founded in 2015 as Metro
Kenya’s government has launched the sale of a majority stake in its state-owned oil pipeline company, marking the country’s first stock market listing in a decade, Reuters reports. On January 19, the government began selling 65% of Kenya Pipeline Company (KPC) to the public, hoping to raise about $835 million. If successful, it would be the region’s biggest initial public offering (IPO) since Safaricom listed in 2008. Why Kenya Is Doing This Now Kenya has been under pressure from rising public debt, and President William Ruto’s administration has said it
Terra Industries, a Nigeria-based defense technology company, raised an $11.75 million in funding led by Joe Lonsdale’s 8VC [Lonsdale is also co-founder of companies including Palantir Technologies, Addepar, and OpenGov], as it emerged from stealth, according to TechCrunch. The round included Valor Equity Partners, Lux Capital, SV Angel, and Nova Global. Terra previously raised an $800,000 pre-seed round. The company said African investors in the round included Tofino Capital, Kaleo Ventures, and DFS Lab. Terra, founded by CEO Nathan Nwachuku, 22, and CTO Maxwell Maduka, 24, builds autonomous systems to
Flutterwave, Africa’s largest payments technology company, has acquired Nigerian open banking startup Mono in an all-stock deal valued between $25 million and $40 million, TechCrunch reports. The acquisition brings one of Africa’s most prominent open banking companies under the Flutterwave umbrella, as the payments giant looks to expand its infrastructure beyond transactions into data and financial services. According to a press release, Mono will continue to operate independently under its existing leadership team. Mono: Africa’s Answer To Plaid Founded in 2020 and backed by investors like Y Combinator, Mono builds
Barclays is hiring on POCIT. Deborah Barnwell is the inclusion and opportunity partner for UK corporate at Barclays. In this role, she focuses on fostering inclusion and ensuring that all colleagues, regardless of background, feel valued, empowered, and supported in their careers. She also collaborates closely with senior leaders to embed inclusive practices and drive meaningful change by championing initiatives that expand equitable opportunities across the organization. A Journey Shaped By Inclusion “My career journey has been one of continuous growth,” Deborah says. “It’s been shaped by a commitment to inclusion and
Sula Labs, a beauty research and development lab for melanin-rich skin, and UFarmX, an AI-powered agri-fintech platform tackling Africa’s agricultural financing gap, have been named the $100,000 Co-Grand Prize Winners of the Black Ambition Prize. Black Ambition’s fifth annual Demo Day, held November 14–15 in Miami, marked the culmination of its three-month accelerator for underrepresented founders. Featuring conversations with Pharrell Williams and investor Mellody Hobson, and a surprise performance from Chance the Rapper, the event spotlighted 27 prize winners selected from more than 2,500 applicants. Sula Labs: Pioneering Science-Driven Beauty for Melanin-Rich Skin
When Hurricane Melissa tore through Jamaica with 195 mph winds on October 28, it claimed dozens of lives, knocked out electricity, and disrupted water supplies for half a million people. But in Accompong, a remote Maroon community in the mountains of Cockpit Country, clean water has continued to flow thanks to a solar-powered atmospheric water generator. A Solar-Powered Atmospheric Water Generator As the Category 5 storm collapsed power grids and water systems across the island, Accompong’s self-sustaining water generator continued pulling humidity from the air and turning it into nearly 400 gallons of clean, drinkable water each
For the past decade, Danielle Udogaranya, CEO and co-founder of Ebonix, has been one of the most influential voices championing Black representation in gaming. “Ten years ago today, I stopped accepting what we were given as Black gamers: an afro, some Killmonger locs, a teeny weeny afro, and maybe a low cut fade,” Udogaranya shared in a recent TikTok video. Now, as she marks ten years of reshaping virtual identity, she is celebrating the milestone with a new London exhibition, Black Lines of Code. The exhibition brings together more than 20
