Posts in Category

Regions

South African startup Carry1st has raised $27 million in latest funding round to tap into the gaming industry in Africa.  Carry1st’s funding round   The funding round, led by gaming-focused VC firm BITKRFT Ventures, also included VC Andreessen Horowitz (a16z), TTV Capital, Lateral Capital, Alumni Ventures, and Kepple Ventures.  The investment will help Carry1st create a steady financial infrastructure to prepare for Africa’s fast-paced gaming space.  “We’re delighted to partner with BITKRAFT, one of the world’s top gaming VC firms, alongside a16z and other existing investors as we continue on our

Female and Latinx-founded fintech company, Mendoza Ventures, has taken a massive step in its move to invest in underrepresented startups.   Bank of America’s Investment  Mendoza recently achieved a first close on its third $100M fund to further their work to support startups founded by diverse founders.   The fund, led by Bank of America (BofA), included Grasshopper Bank alongside multiple other investors. The anchor funding comes from BofA’s commitment to making capital much more accessible to founders often overlooked by investors.  “Mendoza Ventures is at the forefront of supporting innovation and

Nigerian filmmaker and artist Malik Afegbua is challenging the misconceptions around African beauty, especially within the older generation.    Artificial Intelligence has grown to become a trendy part of internet culture today. Despite being a controversial tech tool, one scroll through your internet feed will show you how many people are gearing toward an AI world.  Malik Afegbua’s fashion show which displayed photos of elegant old-fashioned seniors in the chicest African attire, took the internet by storm.  The series of images, called Fashion Show for Seniors, has garnered over 100,000

Hispanic Chamber of Commerce and Tampa Bay Wave have come together to launch the city’s first-ever tech accelerator for Latin Americans. What is the LatinTech accelerator program? Hispanic Chamber of Commerce and Tampa Bay Wave has secured funding to launch the city’s first-ever tech accelerator for Latin Americans. The program aims to provide minority-owned companies with the support they need to scale successfully and remove the barriers against them.  “Since the launch of the new Chamber [in 2019], it was our goal to produce a Latin tech accelerator. We thank Congresswoman Kathy Castor for

Content moderation on social media has taken a turn for the worse. Meta has announced that their leading subcontractor for content moderation in Africa, Sama, has officially closed.  The third-party contractor, contracted by the owner of Facebook, WhatsApp, and Instagram, has decided to move away from policing harmful content, resulting in several employees without work permits.  Following the announcement, 200 employees from the moderation hub in Kenya – representing approximately 3% of the team – will be let go.  The news announced on Tuesday, comes months after Meta was sued in East

Black Girls In Tech (BGIT) has partnered with Motorway, the UK’s fastest-growing used car marketplace, to promote tech diversity and inclusivity.  BGIT is a community for Black women to share their experiences and resources for thriving in the white, male-dominated tech industry. Co-founders Karen Emelu and Valerie Oyiki previously told POCIT that BGIT began as a group chat. Today, BGIT is an international organization providing a community, resources, and opportunities to Black women in tech. Bootcamp to Hiring Pipeline Motorway will be sponsoring BGIT’s first cohort of their free frontend development bootcamp. The bootcamp will run from

Black-owned startup Suvera has been named one of the world’s most promising digital health companies. The UK-based virtual care platform made CB Insight’s Digital Health 150 – a list of 150 companies transforming healthcare using digital technology. The 150 winners were selected from a pool of over 13,000 companies. What is Suvera? Suvera uses a dedicated remote care team and in-house technology to reduce the workload and waiting times at doctors’ clinics. From tracking blood pressure readings to administering prescriptions, the platform supports people with chronic health conditions like high blood pressure and diabetes.

If you don’t know Nelly Cheboi yet, now is the time to start doing your research.  Nelly Cheboi, the founder of Kenyan recycling company, TechLit Africa, has been named CNN’s Hero Of The Year for her revolutionary work across Africa.  Who is Nelly Cheboi? Nelly Cheboi, who grew up in a poor rural village in Kenya, redistributes recycled technology to rebuild computer labs in African schools.  At a very young age, Cheboi was exposed to the struggles of poverty. Yet, despite having no computer access, Cheboi landed a scholarship to study computer

Africa is the dumping ground for 85% of the planet’s e-waste – a situation likely to get worse as Apple prepares to switch iPhone lightning ports to USB-C ports. The E-Waste Issue In Africa  E-waste is becoming a prominent issue in Africa because old goods are exported from high-income countries to low-income countries. In addition, as fewer regulations are being enforced in Africa, it is easy for discarded electronic items to find their way into the continent.  Discarded chargers generate more than 11,000 tons of e-waste each year, and according

The African tech ecosystem has taken a significant hit in Q3 2022 due to a lack of funding from investors. In 2021, fintech startups successfully raised $2 billion in funding and once dominated the African startup funding space, but the significant increase signifies a problematic time for African startups – so why is that?   Several factors have contributed to the slowdown, from the economic downturn which has forced many investors to deploy less capital to the decline in venture capital funding for crypto startups together this has caused global fintech

1 24 25 26 27 28 54 Page 26 of 54