Category: Business

Business

Wines of South Africa USA Calls for Support of South African Wine Industry in Crisis

By Wines of South Africa | PRNewswire

Wines of South Africa (WOSA) USA, the industry association that promotes the exports of South African wine, is calling on members of the wine trade, media and consumers to support the South African wine industry by buying and drinking South African wine. The ban on alcohol, currently back in place in South Africa, could be potentially devastating to the wine industry.

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Business

Adam Demuyakor | This 31-Year-Old Ghanaian-American Venture Capitalist Has Bet $12 Million On Real Estate And Diversity

By David Jeans | Forbes Staff

As institutional landlords grapple with vacant buildings, and real estate startups fight for survival, one 31-year-old venture capitalist is betting his firm on the category bouncing back. Stealth until now, Los Angeles-based VC firm Wilshire Lane Partners has invested $12 million in property tech startups in the past 10 months, says founding partner Adam Demuyakor, even as the spread of Covid-19 has battered the category.

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Business

Amazon Acquires Self-Driving Startup Zoox From Senegalese-Born CEO For Over $1.2bn

by  Avalon Pernell  | UrbanGeek

E-commerce giant Amazon has reportedly forked out more than $1.2 billion to buy the self-driving startup Zoox which is has by Senegalese-born Aichatou Sar Evans as its CEO

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Business

Naijalife | New online Marketplace Allows African Diaspora to Get a Taste of Home

By MENAFN

Africans can now relish the taste of home even while being abroad. Naijalife Magazine USA has launched an online marketplace that allows customers to source commodities from home at market prices.

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Business

Silicon Valley has deep pockets for African startups – if you’re not African

American venture capital and private equity is dominating Africa, but it’s mostly funding other white foreign founders as black entrepreneurs struggle to raise financing.

By Larry Madowo in New York | The Guardian

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Business

Bentzy Goldman : South African tech entrepreneur suggests ways to make Tulsa a part of ‘start-up land.

By Michael Overall | Tulsa World

Bentzy Goldman wanted to leave South Africa to start a new business in the United States, where investors and customers would both be easier to find. But where exactly in America?

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Business

World’s Largest Black-Led VC Firm Doubles Size of Latest Fund

Adeyemi Ajao, co-founder and managing partner of Base10, said the equality movement sparked by the death of George Floyd demanded an urgent response.

By Lizette Chapman | Bloomberg

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Business

Chipper Cash: African payment startup founded by Ghanaian and Ugandan raises $13.8M in San Francisco

By Jake Bright | TechCrunch

African cross-border fintech startup Chipper Cash has closed a $13.8 million Series A funding round led by Deciens Capital and plans to hire 30 new staff globally. The raise caps an event-filled run for the San Francisco-based payments company, founded two years ago by Ugandan Ham Serunjogi and Ghanaian Maijid Moujaled.

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Business

Wines of South Africa USA Launches Industry Podcast and Virtual Tastings to Support Sommeliers

By wineindustryadvisor

New York, NY, June 11, 2020 – Wines of South Africa (WOSA) USA, the industry association that promotes the exports of South African wine, is proud to announce the launch of two initiatives aimed to offer continued education and awareness of South African wines, as well as support out-of-work sommeliers: the Wines of South Africa Podcast and WOSA Somm Sessions. The latter offers consumers a sommelier-led virtual tasting experience geared to their own tastes and selection of South African wines.

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Business

Gotsoul App Launched To Make It Easier To Find African Restaurants

Amid the racial protests, the rapid spread of Covid-19 Virus and accelerated unemployment particularly among People of Color, a Chesterfield, Virginia based culi-tech black owned company, Vibrainium Learning, Inc., launches the GotSoul? App. The GotSoul? App is a restaurant guide that features just under 5,000 African inspired cuisine, restaurants and experiences (Cajun, Creole, Nigerian, Gullah, Soul Food, Jamaican, Afro-Brazilian, etc.) across Africa and the African Diaspora, of which 98% are Black-owned.

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