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Innovative partnerships have been piling up already in 2022 for Historically Black Colleges and Universities (HBCUs). Today, FedEx has announced a new program designed “to build a pipeline of logistics and supply chain professionals.” CNBC reports that the company will be partnering with eight HBCUs for the program, which is an extension of its ongoing commitment that was established in 2021. “Our relationship with HBCUs began more than 20 years ago, and we are continuously working to develop initiatives and opportunities that create positive outcomes for students and faculty. The Student Ambassador Program is yet another way we are continuing to invest in these historical institutions as we build a better future, together,” FedEx President and Chief Operating Officer Raj Subramaniam told CNBC.
Since Twiga Foods’ launch in 2014, the startup has been using technology to build more efficient supply chains in food and retail distribution in Kenya. With the announcement of their latest funding, the company aims to take their mission across the African continent. Twiga Foods raised $50 million on Nov. 1 in a Series C round, TechCrunch reports. The round was led by private equity firm Creadev and majority of the participants from their previous Series B round invested in Twiga. New investors included OP Finnfund Global and Endeavor Catalyst Fund. “We are deeply convinced in Twiga’s potential to revolutionize informal retail across Sub-Saharan Africa, ” said Pierre Fauvet, Africa director at Creadev, in a statement. “Tapping into a $77 billion urban market on the continent, Twiga has gained significant traction since inception, leveraging on technology to optimize the food supply chain in African cities and constantly innovating to better tackle logistics, commercial, social and...