African Union marks 50 years
May 23, 2013 – 8:39 am | No Comment

(AP) – African nations this week mark the 50th year since the founding of a continent-wide organization that spearheaded efforts to liberate Africa from colonialism. Now leaders want to map out the next 50 years …

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African American unemployment dips slightly as U.S. economy adds 165,000 jobs in April
May 3, 2013 – 10:48 am | No Comment
African American unemployment dips slightly as U.S. economy adds 165,000 jobs in April

Job applicants fill out applications for positions at a new bar and restaurant in Detroit. PHOTO/Paul Sancya/AP
U.S. employers added 165,000 jobs in April, and hiring was much stronger in the previous two months than the …

African Development Bank develops 10-year plan – focusing on growth and maintaining momentum
May 3, 2013 – 10:15 am | No Comment
African Development Bank develops 10-year plan – focusing on growth and maintaining momentum

The African Development Bank revealed that it has developed a 10-year plan and strategy that would focus on the economic transformation of the African continent.
In a statement issued earlier this week, Donald Kaberuka, President of …

Robert L. Johnson to be honored with A.G. Gaston Award for Entrepreneurial Achievement at 2013 Black Enterprise Entrepreneurs Conference, May 15-18
May 2, 2013 – 10:02 pm | No Comment
Robert L. Johnson to be honored with A.G. Gaston Award for Entrepreneurial Achievement at 2013 Black Enterprise Entrepreneurs Conference, May 15-18

Robert L. Johnson
RLJ Companies Chairman/BET Founder to Be Presented With A.G. Gaston Award for Entrepreneurial Achievement at 2013 Black Enterprise Entrepreneurs Conference + Expo
(PRNewswire) – BLACK ENTERPRISE will hold its 2013 Entrepreneurs Conference + Expo …

KULUYA: Nigerian online gaming company attains valuation of $2million – 6 months after its launch
May 2, 2013 – 4:04 pm | No Comment
KULUYA: Nigerian online gaming company attains valuation of $2million – 6 months after its launch

Kunle Ogungbamila – founder and CEO of Kuluya. PHOTO/KULUYA
The founder and CEO of recently launched Nigeria-based online gaming company KULUYA, has revealed that the company has attained a valuation of US$ 2 million.
Kunle Ogungbamila and …

Trinidad & Tobago forced to seek new natural gas customers as U.S. demand declines
May 2, 2013 – 3:16 pm | No Comment
Trinidad & Tobago forced to seek new natural gas customers as U.S. demand declines

Trinidad & Tobago’s Point Fortin LNG terminal. PHOTO/File
The shale gale that has put the United States on track to be a net exporter of natural gas soon is also shaking up the international market for …

Leveraging African American spending power by supporting Black-Owned Businesses
May 2, 2013 – 11:43 am | No Comment
Leveraging African American spending power by supporting Black-Owned Businesses

Recent studies point out that African American consumer spending is at an all time high.
While the African American community continues to suffer the highest unemployment, the lowest median family income, and the highest debt, African …

IMF approves $932 million facility for Jamaica
May 2, 2013 – 9:48 am | No Comment
IMF approves $932 million facility for Jamaica

The International Monetary Fund (IMF) Wednesday said it had approved US$932.3 million loan under its Extended Fund Facility (EFF) for Jamaica.
The four-year extended fund facility will “support” the Jamaica government’s comprehensive economic reform agenda and …

South Africa: The growth of the Black Middle Class – slowly, steadily, the African National Congress delivering a better life for South Africans
May 1, 2013 – 5:13 pm | No Comment
South Africa: The growth of the Black Middle Class – slowly, steadily, the African National Congress delivering a better life for South Africans

African middle class family in Lusaka, Zambia. PHOTO/Georgina Smith/The Guardian
Press Release
The African National Congress welcomes the outcomes of the study by the University of Cape Town (UCT) Unilever Institute of Strategic Marketing indicating that the …

Virginia Leadership Institute set to honor rising young African American leaders
May 1, 2013 – 4:25 pm | No Comment
Virginia Leadership Institute set to honor rising young African American leaders

The Virginia Leadership Institute will hold its “Top 10 Under 40” awards ceremony on May 7, to honor 10 of the region’s rising young African American leaders in business, politics and community involvement.
According to Krysta …

Belize looking to launch a national bank to provide cheaper services to citizens – Prime Minister Barrow
May 1, 2013 – 2:43 pm | No Comment
Belize looking to launch a national bank to provide cheaper services to citizens – Prime Minister Barrow

Belize Prime Minister Dean Barrow. PHOTO/File
The Belize government is set to launch a national bank that Prime Minister Dean Barrow said should place pressure on commercial banks to reduce lending rates to consumers in the …