The African Union Commission (AUC) will officially launch the African Space Agency (AfSA) at the 2025 NewSpace Africa Conference, set to be held at Egypt Space...
Carver Bancorp, Inc., the parent company of Carver Federal Savings Bank – a certified Community Development Financial Institution (CDFI) and recognized Minority Depository Institution – has...
The Barbados-based Caribbean Development Bank (CDB), announced on Friday that it is in the process of appointing a new president following the controversial resignation of economist...
The South African government is set to initiate discussions with Formula 1 organizers about the potential return of the sport after a 30-year absence. Tourism Minister...
The Port Authority of Trinidad & Tobago (PATT) has announced that it is actively working to resolve the backlog of vessels and containers at the Port...
Olympic legend and women’s rights advocate Allyson Felix, along with her brother and long-time business partner Wes Felix and renowned sports executive Cosette Chaput, founded Always...
Red Lobster, a prominent restaurant brand in the United States, recently named 35-year-old Damola Adamolekun as its new CEO. Originally from Nigeria and raised in the...
Bloomberg | Dangote oil refinery is due to take in up to 400,000 barrels a day of Nigerian crude over the coming two months as Africa’s...
The cabinet of Guyana is set to evaluate the application of the new airline, LIAT 2020, which aims to begin operations in Guyana within the next...
Bloomberg | An African company was a pioneer in mobile money, helping millions of people conduct banking transactions in the absence of robust financial infrastructure. That...
The 2024 Forbes 400 list, which ranks the wealthiest individuals in America, has named IT entrepreneur David Steward as the richest Black person in the country....
By NJ Ayuk Angola has successfully transitioned from being a declining oil producer to becoming a key destination for global oil investments. The petroleum industry remains...
Bahamian Prime Minister Philip Davis highlighted that the government’s initiatives to manage debt and introduce new energy reforms have resulted in Standard & Poor’s (S&P) decision...
Kenya is redefining its tourism industry with a groundbreaking policy that allows foreign travelers on connecting flights to explore the country without the need for a...
Robert F. Smith, the CEO and founder of Vista Equity Partners, is collaborating with Blackstone to acquire Smartsheet, a leading enterprise work management platform utilized by...
Haiti has officially become the 12th Caribbean Community (CARICOM) member state to join the partnership agreement between CARICOM countries and the African Export-Import Bank (Afreximbank). The...
Reuters | Uganda has formed a state-owned mining company to manage the government’s equity interests in mining operations, its minister for energy and mineral development, Ruth...
The Bank of Jamaica (BOJ) has reduced interest rates by 25 basis points (bps) to 6.50 percent per annum, a decision announced by the central bank...
Kenya’s wireless provider, Safaricom has launched MPESA Ratiba, a groundbreaking feature on its M-PESA mobile money platform that enables users to set up standing orders directly...
The Guyanese government plans to establish an oil and gas data repository later this year, which will centralize all historical and current petroleum data within the...
Tanzania’s mining authority has mandated that all mining companies and gold traders exporting the precious metal must set aside at least 20 percent of their gold...
Bloomberg | Ghana has launched a new gold coin to help it manage money-market liquidity, while boosting domestic savings. The coin, made from gold mined in...
Bloomberg | Byron Allen’s Allen Media Group is planning deeper cost cuts as it stares down debt maturities, and has retained advisers, according to people familiar...
For many university students, finances can be tight, but for Chinazom Arinze, this challenge sparked the creation of a business. While studying law at Babcock University...
Nigeria, Africa’s most populous nation, is set to begin importing milk and coffee from Uganda, marking a significant step forward for intra-African trade. This development follows...
Guyana’s Natural Resource Fund (NRF), responsible for managing the country’s offshore oil revenue, received around US$80 million in August 2024 from the sale of approximately one...
Bloomberg | Zimbabwe’s central bank governor John Mushayavanhu said he will consider using the country’s reserves to protect the bullion-backed currency against severe market disruptions. Mushayavanhu...
The newly rebranded regional airline, LIAT 2020 (Leeward Islands Air Transport), is set to launch flights to 11 new destinations in the near future. CEO Hafsaf...
The Development Bank of Southern Africa (DBSA), in partnership with the International Development Finance Corporation (DFC), has approved up to US$200 million in funding for the...
Tanzania’s ascent to the top of Africa’s 2024 Global Cybersecurity Index (GCI) is the result of strategic advancements in both cybersecurity infrastructure and regulatory frameworks. The...
Bloomberg | Ghana’s economy expanded at its fastest pace in five years in the second quarter, beating economists’ estimates by more than double, after better performances...
Bloomberg | World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala is seeking a second term as the rule-setting body for international commerce faces rising protectionism from some...
The US$20 billion Lagos-based Dangote Refinery is set to begin supplying Premium Motor Spirit (petrol), marking a major shift for Nigeria as it reduces its dependence...
Discover the Heart and Soul of Africa and the Diaspora in the Latest Book by Gregory Simpkins – Editor-in-Chief of The Habari Network by The Habari...
Jamaica’s microcredit market has expanded to J$46 billion (US$293 million), reflecting a growth of over 15 percent compared to the previous year, based on loan balances...
Reuters | The start of commercial crude oil production in Uganda is expected to propel economic growth into double digits in the next financial year, the...
Redwood Software, a leading provider of automation fabric solutions, has announced a new agreement to be acquired by funds managed by Vista Equity Partners, a global...
VOA | Central banks in Africa are turning to gold to protect themselves from economic and geopolitical instability and to diversify their financial portfolios. In September...
Rwandan Prime Minister Edouard Ngirente has presided over the groundbreaking ceremony for the Kigali Innovation City (KIC) in Masoro. The US$300 million initiative aims to transform...
Sheila Jackson and Natasha McCrea are reshaping the traditionally white, male-dominated whiskey industry. What began as a casual dinner conversation has grown into a pioneering venture....
Barbados has made history as the first country to introduce a national AI Agronomic Advisor, setting a groundbreaking precedent in the global agricultural sector. This innovative...
Bloomberg | Nigeria is considering allowing billionaire Aliko Dangote’s refinery to set the price of the gasoline it sells, people with knowledge of the matter said,...
Reuters | China, Tanzania and Zambia signed an initial agreement to rehabilitate a decades-old railway aimed at improving the rail-sea transportation in resource-rich East Africa, Chinese...
Bloomberg | Nigeria’s giant new Dangote oil refinery is filling tanks with gasoline, a milestone for the African nation that’s been more than a decade in...
Guyana’s gross domestic product (GDP) grew by an estimated 49.7 percent in the first half of 2024, driven largely by revenues from the oil and gas...
Liberia’s gross domestic product (GDP) growth is expected to accelerate to 5.4 percent in 2024, up from an estimated 3.7 percent in 2023. According to data...
Ghanaian President Nana Akufo-Addo has inaugurated the construction of a new oil refinery with a capacity of 300,000 barrels per day, aiming to establish Ghana as...
Burkina Faso has finalized an agreement to nationalize two gold mines for approximately US$80 million, a deal originally set for over US$300 million with Lilium Mining...
The Dominica government has expressed its support for the Antigua & Barbuda-based regional airline, LIAT 2020, which has included Dominica among its new routes. The airline’s...
Bloomberg | Zambia plans to establish an investment company that will control at least 30 percent of critical minerals production from future mines. Mines Minister Paul...
As we celebrate National Black Business Month this August, it’s an excellent time to acknowledge the invaluable contributions of Black-owned businesses to both the Black community...
Reuters | Nigeria’s economy grew 3.19 percent year on year in the second quarter of 2024, statistics agency data showed on Monday. The growth rate was...
Earlier this month, Vista Equity Partners (Vista), a global investment firm founded by Robert F. Smith that specializes in enterprise software, data, and technology-enabled businesses, announced...
Reuters | The International Monetary Fund (IMF) on Monday named Jamaican Finance Minister Nigel Clarke to a top post at the agency, after the official spearheaded...
Reuters | Nigeria’s 650,000-barrel-per-day Dangote refinery is undergoing test runs for gasoline production, with full operation expected by mid-September, according to a note by industry monitor...
After 17 years of negotiations, Comoros has officially joined the World Trade Organization (WTO). While WTO members gave their formal approval for Comoros’s accession last February,...
Bloomberg | Ghana has ditched plans of borrowing from international banks to fund its cocoa crop in the next season, breaking a 32-year-old tradition that has...
Beyoncé has embarked on a new business venture. The music icon has partnered with Moët Hennessy, a subsidiary of LVMH, and master distiller Dr. Bill Lumsden...
Bloomberg | Senegal’s government set up a commission to examine natural-resource contracts awarded to foreign investors and establish whether they comply with the West African nation’s...
AFP | Crouched next to a pile of fresh mangoes, Senegalese farmer Mame Abdou Diop shoots a TikTok clip hoping it will be a hit with...
Bloomberg | In a finely balanced oil market, Nigeria has suddenly reemerged as a key player. During the past few weeks, actions by the country’s massive...
The Government of Barbados is in the process of developing a comprehensive modern industrial policy aimed at strengthening local manufacturers, enabling them to expand and compete...
By NJ Ayuk I strongly encourage African governments to address and minimize the challenges of doing business in the region. To create a more favorable environment,...
Reuters | Botswana intends to renegotiate its proposed purchase of a stake in Belgian gem dealer HB Antwerp to double the size of its shareholding at...
By Danilo Desiderio The establishment of a unified African market under the African Continental Free Trade Area (AfCFTA) is facing greater challenges and delays than initially...
NBA star Kevin Durant is leaving Paris with more than just an Olympic gold medal – he’s now an investor in top French football (soccer) club...
Chris Wachira is the founder and CEO of Wachira Wines, the first Kenyan-American winery in the United States, which she established in 2017. Originally from Kenya,...
In the 1990s, Nigerian investor Hakeem Belo-Osagie took on the formidable task of acquiring a bankrupt government-owned bank. Through strategic leadership and an unwavering determination, he...
Reuters | Ghana opened its first commercial gold refinery in Accra, the capital, on Thursday as part of an effort by Africa’s leading gold producer to...
The government of Trinidad & Tobago has revealed that over 10 proposals have been submitted for the management of the state-owned oil refinery located in Point-a-Pierre....
A groundbreaking initiative is underway to bring Black Americans back to Africa, spearheaded by a Black-owned construction company that plans to develop state-of-the-art sports arenas and...
Bloomberg | Lagos-based FCMB Asset Management Ltd. is seeking to raise 100 billion naira (US$63 million) in Nigeria’s first private credit fund to support mid-sized firms...
By Marie-Laure Akin-Olugbade Africa’s women entrepreneurs face a significant challenge: a staggering US$42 billion financing gap, despite their substantial contributions to our economies. In Nigeria, about...
Reuters | Kenya’s Mobius Motors, which started making rugged, low-priced SUVs designed for Africa’s roads a decade ago, has decided to stop operating due to financial...
LIAT 2020, the revitalized version of one of the Caribbean’s most cherished airlines, made its historic maiden flight, marking a significant milestone in regional aviation. The...
By Mark-Anthony Johnson The African Continental Free Trade Area (AfCFTA) is a central initiative within the African Union’s Agenda 2063, which is a strategic framework aimed...
Toronto-based cybersecurity startup Protexxa has achieved a significant milestone in Canada by closing a CAD$10 million (US$7.21 million) Series A funding round. The company plans to...
The 2024 Summit of the Forum on China-Africa Cooperation (FOCAC) is set to take place in Beijing from September 4 to 6, with the theme “Joining...
Jamaica-based Wigton Windfarm Limited is accelerating its plans to diversify beyond wind turbines as its sole power source for the national grid. The company intends to...
AFP | France captain Kylian Mbappé has taken over as majority shareholder of Ligue 2 club Caen, Mbappe’s company Interconnected Ventures announced in a statement on...
The African Export-Import Bank (Afreximbank) has allocated US$400 million to support Zimbabwean-based pan-African companies aiming to invest across the continent. This initiative is anticipated to bolster...
August marks National Black Business Month in the United States, and research shows that Black women-owned businesses have been celebrating increased visibility, revenue, and development opportunities...
Reuters | Nigeria’s government gave approval on Monday for state oil company NNPC Ltd to sell crude in the naira currency to the mega Dangote refinery...
AFP | A new electrified commuter railway in Tanzania meant to modernize travel in the traffic-plagued country made its inaugural journey between the commercial hub Dar...
After stepping away from the NFL, Colin Kaepernick has been involved in various new endeavors, following his initiation of kneeling during the national anthem in 2016...
Jessica Norwood, founder and CEO of financial innovation firm RUNWAY, recently announced the launch of ‘ROOTED,’ a groundbreaking US$50 million fund designed to support Black business...
Trade between Africa and the Caribbean could reach US$1.8 billion annually by 2028 if efforts are focused on value addition, trade facilitation, and improved logistics, according...
Bloomberg | Sub-Saharan Africa offers a US$193 billion opportunity to invest in renewable energy and transmission by 2031, with returns a multiple of those in Europe...
The government of Antigua & Barbuda is hopeful that LIAT 2020, the new regional airline, will begin commercial operations in early August. However, they are still...
Bloomberg | African nations are rushing to build their gold reserves to hedge against geopolitical tensions that have battered their currencies and fanned inflation. Nations from...
Africa, abundant in natural resources, is often celebrated as the continent of the future. However, realizing its full potential requires a significant transformation in resource utilization....
Jamaican banks have decided to stop charging fees on dormant savings accounts, putting an end to a long-standing and controversial practice. Jide Lewis, Deputy Governor of...
By Mark-Anthony Johnson The world’s leading diamond mining countries have been revealed, highlighting the top producers in terms of carats and value, with a special focus...
The Burns Brothers, a Washington DC-based enterprise founded by John and Mike Burns, are expanding into major international markets, as detailed in a recent press release....
The Barbados-based Caribbean Development Bank (CDB), announced on Sunday that it had completed the “internal administrative process” involving its president, Hyginus ‘Gene’ Leon, and confirmed that...
Bloomberg | A credit ratings company being established to meet the unique needs of Africa’s sovereign borrowers is set to be ready by next year, an...
Aliko Dangote, the Founder and Chairman of the Dangote Group, announced that the Nigerian National Petroleum Corporation (NNPC) Limited no longer holds a 20 percent stake...
Reuters | The African Group has asked World Trade Organization (WTO) chief Ngozi Okonjo-Iweala to run for a second term as the head of the global...
The Allen Media Group (AMG) free-streaming digital platform HBCU GO has announced its 2024 football season schedule. The season will feature a total of 26 football...
The vision of Africa’s founding fathers to unite the continent in shared prosperity is coming to fruition as Nigeria prepares to launch Preferential Trade under the...
By Martin Camara South Africa, Egypt, Morocco, and Nigeria boast large-scale manufacturing bases, including efficient automotive industries. Along with Algeria, these countries form a powerful economic...
Bloomberg | Uganda plans domestic gold purchases to build foreign exchange reserves and limit risks on reserve investments, becoming the latest African nation to turn to...
Mozambican President Filipe Nyusi announced on Monday that his administration is currently in negotiations with Zimbabwean authorities to extend the Machipanda railway into Botswana. The Machipanda...
Following a year-long multimillion-dollar renovation, Salamander Washington, D.C., formerly known as the Mandarin Oriental Washington, D.C., has undergone a remarkable transformation. The property now boasts upgraded...
Bloomberg | Nigerian lawmakers are proposing a dramatic increase in the central bank’s power to use gold to shore up the nation’s reserves in defense of...
Theo Baloyi made a bold career move when he left his accounting job at a top multinational firm to pursue his passion for sneakers, a decision...
Bloomberg | Zimbabwe’s new central bank Governor John Mushayavanhu has done the seemingly impossible in his first 100 days – created a stable currency and tamed...
The development and implementation of an Afro-Caribbean marketplace is closer to reality following the recent agreement between the African Export-Import Bank (Afreximbank) and the Government of...
Reuters | Nigeria has been chosen to host the newly formed Africa Energy Bank (AEB), its oil minister said on Thursday, as Africa’s top oil producer...
Nigeria’s new Dangote oil refinery is ramping up gas oil exports to West Africa, capturing market share from European refiners, according to traders and shipping data....
Reuters | Private equity firm Vista Equity is in talks to cede control of its company Pluralsight to lenders, according to three people familiar with the...
The Caribbean nations offering Citizenship By Investment (CBI) Programs are swiftly implementing the Memorandum of Agreement (MOA). The agreement was signed by Antigua & Barbuda, the...
Afrilearn, Nigeria’s leading learning app, has created a buzz in the academic world with the introduction of its groundbreaking learn-and-earn platform. This innovative app has generated...
China has soared to become sub-Saharan Africa’s top trading partner in the past two decades. A fifth of the region’s exports now head to China, while...
Ethiopian Airlines has once again secured the prestigious Best Airline in Africa title for the seventh consecutive year, along with several other notable accolades. Ethiopian Airlines...
Bloomberg | Thelo Group’s management plans to buy Deutsche Bahn AG’s 49 percent shareholding and is in talks with financiers to raise US$250 million to help...
On May 28, during the Fourth International Conference on Small Island Developing States in Antigua & Barbuda, Barbados Prime Minister Mia Mottley introduced the Bridgetown Initiative...
A recently commissioned iron and steel facility in Zimbabwe, with an investment of US$1.5 billion and constructed by Chinese firms, has officially commenced operations with the...
Charlette N’Guessan serves as the Data Solutions and Ecosystem Lead at Amini, a deep tech startup that utilizes space technology and artificial intelligence to address the...
Bloomberg | Kenya is in talks with a unit of Nigeria-based Sahara Group Ltd., to co-build a 30,000-ton facility to handle and store liquefied petroleum gas,...
Barbados’ Prime Minister Mia Mottley has called for significant reforms in the Caribbean banking sector, urging greater diversity and competition to drive economic growth in the...
Aliko Dangote, has announced plans to venture into steel production, aiming to ensure that all steel used in West Africa is sourced from Nigeria. Dangote shared...
Kingsley Cooper, a trailblazer in the Jamaican fashion scene, esteemed attorney, and founder of Pulse Investments, has passed away at 71. Pulse Investments confirmed the news...
For over a decade, Nigeria has struggled to significantly boost its national grid, adding just 760 megawatts (MW) over 11 years. In a striking comparison, the...
Barbados Prime Minister Mia Mottley has called on Caribbean Community (CARICOM) nations that have yet to sign a trade agreement with the African Export-Import Bank (Afreximbank)...
Next week, finance ministers and central bank governors from the Caribbean Community (CARICOM) will gather to prepare for the upcoming annual heads of government summit in...
Reuters | Singapore, Asia’s oil hub, will be receiving this week its first low-sulphur straight-run fuel oil (LSSR) cargo exported from Nigeria’s new Dangote refinery, according...
Remittances are pivotal in many African economies, significantly boosting their Gross Domestic Product (GDP). In 2022, remittances comprised 7.6 percent of GDP in Western Africa, 6.8...
AFP | Senegal joined the club of oil-producing countries on Tuesday as Australian group Woodside Energy announced that production had started in the west African country’s...
A remarkable 59 percent of Kenya’s gross domestic product (GDP) is processed through M-PESA, the country’s leading mobile payment system. This translated into 20 billion transactions...
The cost of producing a barrel of oil in Guyana is among the lowest globally, according to a June 2024 report by the International Energy Forum...
By NJ Ayuk When the US$3.5 billion East African Crude Oil Pipeline (EACOP) is completed, it will mark a significant milestone. The 24-inch, 1,443-kilometer (896-mile) pipeline...
Nigeria, has approved an airline’s proposal to operate direct commercial flights to Barbados. However, the timeline for the launch remains uncertain, according to a regional banking...
Reuters | Africa needs quicker debt restructurings, more favorable lending terms and some $25 billion for the Africa Development Fund to avoid a lost decade, the...
The Belayneh Kinde Group has launched a new electric vehicle (EV) manufacturing plant in Debre Birhan, Ethiopia, with an investment of 3 billion Birr (US$52 million)....
Black-owned banks have a rich history of serving Black Americans and continue to support communities today. Emerging in response to discriminatory practices in the banking industry,...
The African Development Bank (AfDB) announced a major investment push for infrastructure development across the continent at its 2024 Annual Meeting in Nairobi, Kenya. Leading the...
Antigua & Barbuda is poised to broaden its development financing avenues by joining the Development Bank of Latin America and the Caribbean (CAF). Prime Minister Gaston...
Nigeria, often referred to as the “Giant of Africa,” is rapidly emerging as a significant economic power on the global stage. With a burgeoning population, abundant...
The Jamaican government is taking proactive steps to prevent the influx of substandard lithium-ion batteries amid tightening international regulations. These efforts aim to ensure public safety...
Fawn Weaver, the founder of Uncle Nearest, the fastest-growing Black-owned whiskey brand, has been recognized as one of Forbes‘ richest self-made women in the United States...
Reuters | Africa’s economic growth is set to accelerate to 3.7 percent this year and 4.3 percent next from 3.1 percent in 2023, African Development Bank...
Barring any last-minute changes, the US$20 billion Dangote Oil Refinery is set to be listed on the Nigerian Stock Exchange by December 2024. Aliko Dangote, the...
Harlem Capital is in the process of raising a US$150 million fund, as indicated by documents filed with the Securities and Exchance Commission. If successful, this...
Guyana’s government is advancing its plans to monetize its natural gas resources in the Stabroek Block offshore, aiming to generate cheaper energy and produce various other...
African Business | Binance, the world’s largest cryptocurrency exchange, has found itself embroiled in legal battles in Nigeria, as Africa’s most populous nation seeks to clamp...
Kenyan Wall Street | US Tech giant Microsoft Corporation, in collaboration with G42, an Emirati artificial intelligence (AI) development company, has announced a $1 billion investment...
The Exchange | Financial markets play a vital role in enhancing the smooth operation of economies by allocating resources and creating liquidity for businesses and entrepreneurs....
Caribbean News Global | African Export-Import Bank (Afreximbank) has approved a US$ 30 Million financing facility to Joyau Des Caraibes Limited (JDC); the Caribbean subsidiary of...
Kenyan Wall Street | Kenya’s economy is expected to remain resilient in 2024 after a 5.6 percent expansion last year from a revised growth of 4.9...
African Business | The CEO of Qatar Airways, Badr Mohammed Al Meer, said that the airline will soon announce an investment in a Southern African airline...
Bloomberg | E-retailer Jumia Technologies AG plans to focus on Nigeria, Africa’s most-populous nation, as part of a bid to turn profitable. The New York-listed e-commerce...
Guyana’s President Mohamed Irfaan Ali has expressed deep concerns regarding Trinidad & Tobago’s recent refusal to accept a shipment of milk and water from Guyana, citing...
In the upcoming year, the African Development Bank (AfDB) will undergo the process of electing its next president, with the current officeholder, Akinwumi Adesina, nearing the...
Bloomberg | Marcy Venture Partners, the firm co-founded by hip-hop star Shawn “Jay-Z” Carter, is in advanced talks to merge with the investment arm of Pendulum...
Significant internet disruptions have been reported across East and Southern Africa, according to both Netblocks and Cloudflare. Netblocks, an internet observatory, noted that internet connectivity faltered...
The East African Community (EAC) is witnessing a notable transformation in its trading patterns, marked by a growing emphasis on intra-African trade and a corresponding decline...
The Grenadian government is actively progressing towards establishing a cannabis industry with a focus on medical and industrial applications, in line with their commitment to exploring...
Tanzania’s President Samia Suluhu Hassan recently marked a significant milestone by inaugurating a truck and tipper assembly plant in Dar es Salaam. This development is poised...
Uganda, recognized for its investment prowess, clinched the prestigious title of ‘Best Investment Destination in Africa’ in 2024, as announced by the Investment Authority. Evelyne Anite,...
Issa Rae, renowned actor, writer, and comedian, is spearheading a pioneering venture called Ensemble, aimed at bridging brands with diverse content creators. Ensemble emerges as an...
Bloomberg | Three years after pandemic-era funding led to a boom in Black-owned businesses in the US, the cohort of entrepreneurs seeking to expand is facing...
Last week marked a significant development as four East African Community member states joined Kenya and Uganda in their collaborative effort to advance a modern railway...
Bloomberg | GoSolr, a company backed by South African billionaire Patrice Motsepe and the continent’s biggest bank, plans to spend 10 billion rand (US$537 million) to...
Bloomberg | Africa’s technology and startup firms are becoming too attractive for international investors to ignore, according to a partner at a fund focused on investments...
Bloomberg | Nigeria is planning to set up a US$10 billion diaspora fund to attract investment from its citizens living abroad to support critical sectors including...
Nigerians hold food in high regard, allocating nearly 60 percent of their household income to it, ranking the country highest globally in this aspect, according to...
By Chido Munyati This week, Bola Tinubu, the President of Nigeria, Paul Kagame, the President of Rwanda, and over 35 ministers from across Africa participated in...
Vista Equity Partners, led by Robert F. Smith, has amassed over US$20 billion for its most recent fund, marking it as the largest in its history....
During his tenure at JP Morgan, Wole Coaxum recognized a pressing need for change and sought to intertwine economic justice with the broader social justice agenda....
Amidst growing worries about the health of the US economy, Nigeria has made a notable move: opting to bring back its gold reserves from the United...
In a bid to ramp up tourism revenue, Kenya and Uganda have joined forces to fuse their rich cultural tapestries. These East African nations are eyeing...
The International Monetary Fund (IMF) has noted the resilience demonstrated by the Caribbean and Latin America region amid the challenges posed by the COVID-19 pandemic. According...
Bloomberg | Uganda is seeking approval from lawmakers to raise 1.1 trillion shillings (US$289 million) of additional budgetary funds in part to help a local drug...
Tyler Perry and BET are strengthening their enduring business alliance. The network and Perry have inked a fresh, multi-year agreement to collaborate on a plethora of...
As the 2024 WNBA Draft approaches, amid the surging popularity of women’s basketball, one of the most formidable figures in sports expressed her desire to step...
By Tiffany Callender In today’s rapidly evolving business landscape, I am optimistic about the future of Black entrepreneurship, which embodies innovation, resilience, and transformative growth. Recent...
Press Release | The Government of the Commonwealth of The Bahamas and African Export-Import Bank (Afreximbank) have today signed the Agreement for The Bahamas to host...
The Caribbean Community (CARICOM) and the Central American Agricultural Council (CAC) have recently signed a cooperative agreement aimed at enhancing agricultural development and bolstering trade relations...
Bloomberg | Zimbabwe’s new currency the ZiG continued to strengthen against the dollar as more companies switched their payment systems to the unit. About 20 of...
Rosalind “Roz” Brewer has joined the Board of Directors of the Black Economic Alliance (BEA), dedicating her efforts to enhancing financial empowerment within the Black community....
Zimbabwe is gearing up to introduce a novel financial instrument dubbed “Zim Gold (ZiG)” – a structured currency tethered to foreign currencies and gold. This initiative,...
Uganda is poised to inaugurate its inaugural tin refining facility in the southwest region, marking a significant stride in bolstering capacity and advancing mineral value within...
South Africa’s Prudential Authority, which operates within the administration of the South African Reserve Bank (SARB) recently announced the official registration of the Young Women in...
Reuters | Nigeria’s Dangote oil refinery started supplying petroleum products to the local market on Tuesday, a company executive and fuel marketing associations said, a major...
LeBron James is extending his reach into the realm of grooming. The 39-year-old NBA All-Star is stepping into the spotlight with the launch of The Shop,...
Kenya Airways, the national carrier of Kenya, unveiled promising financial results on Tuesday, signaling a notable turnaround after seven years of struggle. In 2023, the airline...
Kenya has emerged as a beacon of resilience in the face of a global funding downturn for emerging businesses, boasting a remarkable 17 percent surge in...
According to individuals familiar with the matter, Vista Equity Partners (Vista), a private equity firm, is in the process of engaging investment banks for the purpose...
AP | Ethiopia’s biggest bank says it has recouped nearly 80 percent of the cash it lost during what it says was a glitch in its...
Renowned for his notable performances in acclaimed series such as The Wire and Luther, British actor Idris Elba is embarking on a new venture: the development...
In Africa, a potent force for advancement is stirring. Bursting with youthful talent and abundant resources, the continent stands on the cusp of a transformative journey:...
Bloomberg | South African President Cyril Ramaphosa said pledges to procure goods and services from Black-owned companies worth 261 billion rand (US$13.9 billion) would spur transformation...
Black business ownership is experiencing its most rapid growth in three decades, with the proportion of Black households owning a business more than doubling from 5...
Lagos, Nigeria, is aiming to position itself as a key player in Africa’s gaming industry, eyeing a 30 percent share of the continent’s gaming market, which...
April Showers embodies a rare blend of kindness and passion, often likened to the mythical essence of a unicorn by a friend years ago. Reflecting on...
The Barbados-based Caribbean Tourism Organization (CTO) says the regional tourism sector recorded increased visitor arrivals last year with an estimated 14.3 per cent international visitors coming...
Bloomberg | ExxonMobil Corp. says it found new oil in the waters off Guyana, the South American nation neighboring Venezuela where major oil discoveries have been...
It seems like there’s a growing discourse around Nigeria’s potential membership in BRICS (Brazil, Russia, India, China, and South Africa), a coalition of emerging economies aimed...
The African Continental Free Trade Agreement (AfCFTA) represents a significant milestone in the journey towards harnessing Africa’s economic potential. By creating a single continental market, AfCFTA...