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Canadian VC Firm BKR Capital Closes $14.5 Million Fund To Back Black Founders
For many Black entrepreneurs, getting a startup off the ground is only half the battle. The other half is securing the funding needed to grow. Despite the rise of the global startup ecosystem, Black founders continue to receive a disproportionately small share of venture capital funding. Numerous studies have shown that while Black entrepreneurs launch […]
Africa’s Richest Man Aliko Dangote Is Now Worth More Than the Economies of 33 African Countries
For years, Aliko Dangote has been known as Africa’s richest man. But his fortune has now reached a level that highlights the extraordinary scale of the business empire he has built. According to recent wealth estimates, Dangote’s net worth has climbed to approximately $36.7 billion, driven by the growing value of his interests in cement, […]
Botswana Appoints Akinwumi Adesina to Lead Diamonds-for-Development Fund
For decades, Botswana has been celebrated as one of Africa’s greatest development success stories. The southern African nation transformed itself from one of the world’s poorest countries at independence into an upper-middle-income economy, largely powered by its vast diamond resources. Yet like many resource-rich nations, Botswana faces a critical question: How can natural wealth create […]
Spiro Raises $215 Million as Electric Mobility Gains Momentum Across Africa
For decades, transportation across much of Africa has relied heavily on fuel-powered motorcycles. From the bustling streets of Lagos and Nairobi to delivery networks in Kigali and Cotonou, motorcycles have become the backbone of urban mobility, helping millions of people earn a living and move efficiently through growing cities. But rising fuel costs, environmental concerns, […]
Nigerian Materials Scientist Dr. Yakubu Sani Wudil Named Among the World’s Top 2% Scientists
For many researchers, scientific recognition comes after years of quiet work in laboratories, classrooms, and research institutions, often far from public attention. For Dr. Yakubu Sani Wudil, that dedication has earned global recognition. The Nigerian materials scientist has been named among the world’s top 2% scientists, a prestigious ranking compiled annually by researchers at Stanford […]
Nigerian Founder Built One of the UK’s Fastest-Growing Healthy Food Brands Now Found in Major Supermarkets
Growing up in East London, Segun Akinwoleola saw a very different side of life than the one he would eventually build a business around. In his own words, gangs, riots, and poverty shaped much of the environment around him. Yet amid those challenges, there was one place where he and his friends found purpose, discipline, […]
Nigerian Tech Enthusiast Seye Bandele Is Rewriting How Africa Gets Paid Through PaidHR
Across Africa, one of the most persistent problems for businesses is not just hiring talent—it is paying them correctly, on time, and across borders without friction. Payroll systems are often fragmented, compliance rules differ from country to country, and many companies still rely on manual processes to manage something as sensitive as employee salaries. For […]
From Africa to NBA Power Seat: Masai Ujiri Lands Top Leadership Role in Dallas
For years, African representation in the NBA has largely been defined by players on the court. But every so often, someone breaks through at the highest level of decision-making, where rosters are built, coaches are chosen, and championships are shaped from behind the scenes. That moment has arrived again with Masai Ujiri, who has officially […]
Black-Owned Beauty Startup Ruka Hair Raises $4.5M to Scale Its Synthetic Hair Tech
The global hair extensions industry is worth billions, but for decades one major problem has remained unresolved: the gap between quality, safety, and ethical sourcing, especially for textured hair consumers. Now, Black-owned beauty startup Ruka Hair is trying to change that. The company has raised $4.5 million in Series funding to scale its lab-grown, biotech […]