The plans for Elon Musk’s Starlink to expand into South Africa have stopped as the company pulled back from regulatory hearings conducted by the Independent Communications Authority of South Africa (ICASA), according to Techpoint. On Wednesday evening, SpaceX, Starlink’s parent company owned by Elon Musk, told the telecom regulator that it would not engage in the oral hearings. This news came a few hours after SpaceX representatives failed to attend their upcoming presentation that morning. Why did ICASA launch these hearings? ICASA created these hearings to accumulate industry input on
Solar tech startup GRYD has secured £1 million ($1.2 million) in pre-seed funding, according to Tech Funding News. GRYD was created in 2023 by Mohamed Gaafar, Scott Whiteside, and Tom Jordan to make solar energy accessible to everyone by allowing solar-as-subscription to newly built homes. The trio met at the Antler accelerator program, where they devised the idea for a company that would provide homeowners with zero-cost residential solar systems as energy costs continue to rise in the UK. The pre-seed round saw investments from SFC Capital and Black Seed
Khaby Lame, the most followed person on TikTok, has joined UNICEF as a Goodwill Ambassador. The announcement was made in Sengeal, where Lame was born, after a four-day day where he met children and young people leading positive change in their communities. As a UNICEF Goodwill Ambassador, Lame will use his international platform as a content creator to spread awareness of children’s rights worldwide, such as empowering girls, education, protection from violence and abuse, access to health, nutrition, and a clean environment. “It’s a true honour to be appointed as
Plans to launch Starlink in South Africa are facing delays due to Elon Musk’s attacks on the country’s Black Economic Empowerment (BEE) laws, The Financial Times reports. The policies, designed to mitigate racial inequalities formed under apartheid, require foreign investors in South Africa’s telecom sector to allocate 30% of a project’s equity to Black-owned businesses to qualify for a license. The policy is supported by the African National Congress Party (ANC), a political party in South Africa known for its opposition against apartheid. Elon Musk says the equality laws are
Following President Trump’s orders, the ‘Gulf of Mexico’ will soon be renamed the ‘Gulf of America’ on Google Maps, according to the BBC. Mexican President Claudia Sheinbaum has written a letter to Google Maps asking it to reconsider its plan to rename the Gulf of Mexico. This change was part of a series of over 100 directives and executive actions signed on Inauguration Day. One of these orders included renaming the Gulf of Mexico, which is made up of the US, Cuba, and Mexico, the Gulf of America. Why is
Moove, an Uber-backed mobility fintech company, has acquired Kovi, a Y Combinator-backed Brazilian urban mobility provider. “This transaction not only strengthens our footprint in Latin America and reinforces our position as a dominant player in global mobility, but it also underscores our commitment to contributing to the Brazilian economy,” Ladi Delano, Co-Founder and Co-CEO of Moove, said in a statement. Following the deal, Kovi will continue to operate under its existing brand with its executive and management teams remaining in place, Moove confirmed. Moove’s Growth and Expansion Founded in 2020 by Ladi Delano
The UK startup Domna has secured a £70 million ($87 million) majority investment from private equity firm Leon Capital, according to Tech Funding News. The company is one of the leading home energy efficiency and retrofit services, and it has now received one of the biggest first-time raises for a female founder team in Europe. The team plans to improve home energy efficiency and support sustainability initiatives. Their outlook on home energy efficiency examines the UK’s retrofit challenge by combining advanced software with practical expertise. Now that Domna has the
Nigerian fintech unicorn Moniepoint has received a “strategic investment” from Visa, according to Techcrunch. The funding aims to propel financial inclusion and support the expansion of small and medium-sized enterprises (SMEs) across Africa. Moniepoint’s Series C Sources close to the deal say Moniepoint received over $10 million from Visa after securing a $110 million Series C round last October. Now, its Series C surpasses $120 million, and the company is allegedly speaking to other investors and could potentially attract more funding in the coming months while continuing its billion-dollar valuation.
Robin AI, a Black-owned legal AI startup, has won second place on the Startups 100 index. The startup uses AI to automate contract reviews, slashing costs and freeing up legal teams. Last year, it raised $25 million in a unique extension of its Series B funding round. The company was founded in 2019 by former Clifford Chance lawyer Richard Robinson and machine learning researcher James Clough. “Robin AI are truly ground breaking in their innovation, aiming to cut down legal processing times. Despite the challenges, the UK is still a
Fundment, a Black-owned all-in-one tech platform for financial advisers, raised £45 million ($55.4 million) in Series C led by Highland Europe, as per Tech Funding News. The investment will scale the team, develop the product, and achieve future growth. Financial advisers are under more pressure than ever, which is why the global financial planning software market is set to amount to $18.1 billion in the next decade. For this reason, Fundment aims to create innovative solutions for financial advisers that will allow a smooth experience for their clients. “Financial advice is
