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On Wednesday, Dec. 4, President Joe Biden announced $600 million in new funding to support the Lobito Trans-Africa Corridor’s rail infrastructure. The Lobito Trans-Africa Corridor is a series of railway networks connecting the Central African Copperbelt to the Angolan port of Lobito. Known as the Benguela Railway , the rail line is essential for transporting goods to global markets. According to the White House, the investment will support key sectors in the region, including agriculture, clean energy, transportation and logistics, supply chains, as well as health and digital access. “The United States understands how we invest in Africa is just as important as how much we invest in Africa,” Biden said, as Bloomberg reported . “To help Africa lead the way. We need more capital and more infrastructure to deal with these real solutions. That’s why we’re here today.” The U.S. has invested $2.9 billion in Angola’s energy, infrastructure, and telecommunications sectors. Earlier this...
A skincare company geared towards empowering those with melanated skin has raised new funding. Established in 2021, co-founders Sneha Mehta and Jade Oyateru launched Uncover in Kenya. The company offers resources that include quizzes and interactive features to tailor a skincare routine to the user, its website mentions. So far, Uncover has a digital audience of more than 200,000 women across Kenya, Nigeria, and the diaspora, Shoppe Black reports. It has also just expanded to Ghana and Uganda. Products are sold on its e-commerce platform and are also available in major retail stores in Kenya and Nigeria. “Our shelves are filled with international products that are simply a geographical expansion strategy, with little thought on tailoring products to women in Africa. We are on a mission to change that, to make Africa a priority and not an afterthought. We hear you, we see you and we value you and we are specifically making skincare with U in mind,” a statement from the company...
Jay-Z’s Roc Nation has announced its support of an initiative focused on students in Philadelphia, PA. The full-service entertainment company is backing the Pennsylvania Award for Student Success (PASS) in its goal to provide scholarships, according to Fox-29. The educational campaign is said to offer students from low-income households and underperforming schools access to private schools. “PASS — which is also known as Senate Bill 757 — is legislation aimed at increasing education opportunities for underprivileged youth attending the state’s lowest performing public schools,” a press release detailed, per Fox-29. The outlet notes that Roc Nation has spearheaded “Dine and Learn,” an event series to educate students and parents in Philadelphia about PASS. “We have enjoyed such a special connection with Philadelphians, so we’ve made it our mission to invest in the long-term success of the city’s changemakers,” Dania Diaz, managing director of philanthropy at Roc Nation, said. Amid...
Robert F. Smith’s internXL has launched a collaboration with Will.i.am to provide access to AI tools. According to a press release shared with AFROTECH™, internXL announced that it has partnered with Will.i.am’s FYI (Focus Your Ideas), an AI-driven collaboration platform. Co-founded by tech entrepreneur Sunil Reddy, FYI works to provide creatives with messaging, collaboration tools, file management, and content publishing features to increase productivity, per its website. Now the new partnership’s goal is to provide college students and recent graduates from underserved communities with exposure to artificial intelligence as well as facilitate engineering industry work opportunities. “Joining forces with Robert F. Smith, alongside internXL and FYI, is a dream come true because it shows people from our communities what our future will look like with the support of purpose- driven tech,” Will.i.am shared in a press statement. “By being solution-oriented, we prepare today’s generation...
Serena Williams learned money management early on in her teens. Thanks to her father, Richard, Serena has received a wealth of knowledge to apply to the business landscape. In fact, during an interview on Bloomberg Originals’ “The Deal” podcast, hosted by Alex Rodriguez and Jason Kelly, she recalls receiving substantial checks from companies including Puma. Per Andscape, Serena had reportedly received $13 million over a five-year period with the apparel brand. What’s more, the task of managing those earnings fell entirely on her. “Literally, my first checks from whether it was Puma, like I got these huge checks. [My dad], he’s like, you figure it out. We had to figure it out,” Serena said on the podcast. “I’m literally living at his house in the bedroom next to Venus. I was 16 and he’s like, you know, most parents, you know, they take your money. They take something. But you know, he’s like, ‘You figure it out.’ And so I remember having to figure that out and having to learn how to...
Vanessa Wyche is leading the way at NASA and made history in the process. Since 1989, the South Carolina native, with a Bachelor of Science in materials engineering and a Master of Science in bioengineering from Clemson University, has worked at the U.S. government agency. Her first role was as a project engineer managing several space shuttle missions, as previously reported by AFROTECH™. Wyche was fueled by her interest in science, technology, engineering, and mathematics (STEM) and has continued to rise in the ranks with her titles having included director, CX program operations and test integration (2010-2011); director, exploration integration and science (2016-2018); and deputy director, NASA’s Johnson Space Center (2018-2021), according to her LinkedIn profile. “I knew when I got to the Johnson Space Center, there were not a lot of people that looked like me doing the kind of jobs that I was doing,” she told KHOU-11 in Houston, TX. “So, I kind of had to just kind of decide...