Last Friday at the State House in Nairobi, Kenya’s outgoing president, Uhuru Kenyatta, announced the addition of coding as a subject into its primary and secondary schools curricula. With this new breakthrough, Kenya reportedly becomes the first African government to recognize coding as a topic of study in the two early schools. “I congratulate the Kenya Institute of Curriculum Development for guiding our country to this historic milestone by including coding as a crucial ability inside our new Competency Based Curriculum,” Kenyatta announced. Kodris Africa, an online publishing company specializing
UK-based elderly care platform Cera has raised a £260m round of roughly half equity and half debt to grow the number of patients it supports by 500% and expand overseas. The funding round was led by the existing investor, US-based Kairos HQ. Vanderbilt University Endowment, Schroders Capital, Jane Street Capital, Yabeo Capital, Squarepoint Capital, Guinness Asset Management, Oltre Impact, and 8090 Partners also participated. LocalGlobe’s Robin Klein joined as an angel. The round is the second time the startup has raised debt after its previous $70m round — which was also
Black-owned digital bookkeeping platform, Pastel, has raised $5.5 million in a seed funding round. The round led by pan-African venture capital firm TLcom Capital also included other VC firms such as Global Founders Capital, Golden Palm Investments, DFS Labs, Ulu Ventures and Plug and Play, and Soma Cup. Pastel, co-founded in 2020 by Abuzar Royesh, Olamide Oladeji, and Izunna Okonkwo, is a platform designed to help build digital tools to provide a solution to issues small businesses across Africa face. The platform’s primary goal is to unlock the potential of
Black-owned African integrator system, Bluechip Technologies, has announced its expansion to Europe amid growing demand. Bluechip Technologies, co-founded in 2008 by Kazeem Tewogbade and Olumide Soyombe, is a software company that works to provide business solutions and strategies to companies. The Nigeria-based organization focuses exclusively on assisting companies in planning, designing, implanting, and operating business application solutions. The organization gathers data from multiple sources and translates it into information that can help organizations understand trends. This process also allows them to assist businesses with understanding data to make better decisions
Lagos-based utility company, Beacon Power Services, has closed a seed round of $2.7 million. The funding round led by Seedstars African also saw venture capital firms Keeple Africa Ventures, Factor[e], and Ordiun Capital Management participate in the funding round. Beacon Power Services, founded in 2013 by Bimbola Adisa, is a leading provider of data and grid management solutions for Africa’s power sector. The platform, established to address Nigeria’s inadequate electricity supply, aims to enhance energy access for Africa’s cities significantly. Beacon Power’s primary goal is to improve the quality and duration of electricity
Last month, Kenya’s ICT Minister announced that it had no plans to ban Facebook or shut down the Internet despite reports emerging that the platform is failing to combat hate speech that could lead to election violence. The statement came after Global Witness, an advocacy group, and Foxglove, a non-profit legal firm, released a report stating that Facebook “appallingly failed to detect hate speech ads in the two official languages of the country: Swahili and English.” Although Facebook released a blog post on July 20th that detailed its plans to combat
Streaming video service, Amazon Prime, has announced the launch of a new localized version of its streaming service in Nigeria. The company launched in Africa in 2016 and is committed to expanding its services to more than 200 countries. Amazon Prime also plans to expand its services in other markets like South Africa to boost its subscribers in new markets. The video streaming services will feature local-language interfaces and subtitling. The launch will benefit the local community as the platform is committed to investing in local production and aims to
Adesuwa Okunbo Rhodes is the Managing Partner and Founder of Aruwa Capital Management and one of a handful of women leading VC firms in Africa. Aruwa invests between $500,000 and $2.5 million in post-seed stage startups. Beyond being able to invest in an underrepresented market, existing data suggests that gender diversity improves companies’ profitability, and Rhodes was keen to exploit this. “I’ve been in the industry for 14 years. I was running a fund prior to launching Aruwa, and when I was fundraising for that fund, I looked around and saw that there
TikTok’s African moderators are calling out the platform for forcing them to review hundreds of disturbing and graphic videos with little to no psychological help. According to a report by Business Insider, moderators spent hours reviewing graphic videos for less than $3 an hour. From viewing horrific child-abuse material to explicit videos of people dying by suicide, moderators undergo psychological distress because of their jobs. “The devil of this job is that you get sick slowly – without even noticing it. You think it’s not a big deal but it
Black-owned VC firm, Cornerstone has launched its first-ever investment fund to help support entrepreneurs from diverse backgrounds. The £20 million ($23.9 million) fund aims to give early-stage tech companies between £250,000 and £1 million, based in the UK and across 40 countries. Cornerstone VC wants to help change the situation, to make the investment world a lot more diverse by backing unrepresented and undervalued founders and innovators. “We believe diversity is key to driving outperformance. Contrary to perceptions around a pipeline problem, that there aren’t enough diverse entrepreneurs to invest
