Dear Quartz Africa readers,Disrupt Africa released its annual African Tech Startups Funding report showing that for the first time ever tech funding on the continent has passed the $3 billion mark. AdvertisementThe report cautions that measuring this kind of funding is not an exact science, as the definition of “African startup” itself remains controversial. “In the clearest scenario, an African startup would be headquartered in Africa, founded by an African, and have Africa as its primary market. But tracking this one particular source of startup funding data over time shows the impressive growth of the African startup sector. African startup funding overall makes up just a tiny fraction of global startup funding, but Disrupt Africa’s figures show that, despite a global downturn in investments, Africa has held its own.
This story was published on our Quartz Daily Brief newsletter, the concise, conversational rundown you need to start your dayGood morning, Quartz readers! Here’s what you need to knowXi Jinping began an unprecedented third term as head of China’s ruling Communist Party. What to watch forHollywood icon Anna May Wong is about to become the first Asian American to be featured on US currency. Navigating both racism and sexism throughout her career, Wong broke barriers in the film industry and paved the way for generations of Asian American actors. Today’s Daily Brief was brought to you by Sofia Lotto Persio, Susan Howson, Julia Malleck, and Morgan Haefner.4 months ago Quartz
Li, who has a part in the Margot Robbie-headlined film Babylon, donned a silver dress from Dolce & Gabbana. But Dolce & Gabbana has taken to dressing Chinese Americans lately, ostensibly as a way to signal a more rehabilitated image with Asians. The cancelation of Dolce & Gabbana in China is a scandal with staying powerKnown for its ornately patterned clothing with heavy Sicilian references, Dolce & Gabbana combusted in China after it released a tone-deaf ad campaign which seemed to condescend about Chinese culture. As the scandal built, the fashion show Dolce & Gabbana planned to host in Shanghai fell apart at the last minute. Paper Magazine took the cast’s frequent appearances in Dolce & Gabbana to mean the brand actually had been rehabilitated with Asians.2 months ago Quartz
Here’s what you need to knowUK inflation cooled for the third month in a row. It fell to 10.1% in January, though food prices still remain at a 45-year-high. The German bank, which has already paid $2 billion in SEC fines due employees’ improper use of messaging, is cutting bonuses. AdvertisementThe world leadership lineup is skewing even more maleAdvertisementScottish first minister Nicola Sturgeon shocked the world when she announced her resignation yesterday (Feb. 15). As the latest woman to walk off the political stage in the past few weeks, world leadership is starting to look even less gender balanced.1 month ago Quartz
These and other African musical forms have gained prominence in recent decades, gaining widespread listenership through the efforts of African musicians. African music goes globalLegendary performers such as ET Mensah, George Darko, and the Oriental Brothers International Band were key drivers in expanding the reach of highlife music. Partnerships and collaboration for African musicThe cultural impact of emerging African music genres such as Amapiano has room to achieve even greater economic impact. AdvertisementEqually important is the need for strategies to advocate, promote, and grow the African music industry. And with the right collaborations and investments, the impact of a growing and more dynamic music sector will reverberate across the African continent.2 months ago Quartz
Dear Quartz Africa readers,At the Africa Financial Industry Summit in Lome, Togo, this week, it became apparent that investors’ appetite for financing African agricultural projects is not a problem. Ov erall, a gricultural enterprises in sub-Saharan Africa face a $74.5 billion funding gap, with the continent largely to blame for its food security woes. As I type this, one person has died of hunger in east Africa, and this happens every 48 seconds. But Embolo is just one of 136 other soccer players in Qatar representing countries other than the ones in which they were born. Applications are now open for the Global Startup Awards Africa, which aims to give African startups global visibility and investment opportunities via the Global Innovation Initiative Group (GIIG) Africa Fund.3 months ago Quartz
Here’s what you need to knowEurope’s largest rare earth deposit was discovered in Sweden. The reported 1 million tons of minerals, used in everything from phones to batteries, could be key to the green transition. The German engineering and tech company will use the future Suzhou plant to develop and assemble EV components. Her media distribution company JKN Global Group bought the competition, which includes Miss USA and Miss Teen USA, in October for $20 million. Primarily, though, it’s a big bet on the continued growth of global car sales, and China’s convinced it’ll pay off.2 months ago Quartz
Elon Musk locked his Twitter account this week, having convinced himself that something was awry within the website’s all-powerful algorithm. It’s another leg of his crusade against Twitter, a mission that began long before he took over the company. Musk is still tilting at windmills, and you’d be wrong to assume that he’ll stop just because he himself now controls those very windmills. Elon Musk needs an enemy to rage againstThe Elon Musk playbook is remarkably similar to the one Donald Trump employed in his political ascent. Elon Musk will never stop investigating TwitterIt makes sense that Musk is confused about how his company works, considering he laid off most of the people who could fill him in.1 month ago Quartz