We have to find ways of also creating opportunities for investment for African businesses who want to invest in the Caribbean, and also for Caribbean businesses...
Mobile wallet payments are highest in usage as well as preference in Kenya.
Vista aims to merge Blue Prism with Tibco Software.
Reuters | Kenya Airways (KQ) and South African Airways (SAA) and have signed a cooperation agreement with a long-term view to create a pan-African airline group,...
Nigeria, will launch its eNaira digital currency on October 1, while Ghana will trial e-Cedi from this month.
This black woman-owned company provides inclusive and unlimited work that helps small business owners scale up their ventures by leveraging on government contracts.
Court rules minimum tax is unconstitutional; government was seeking additional income to reduce fiscal gap.
The move would turn the state-owned oil company into a private firm, and allow it to sell shares in the future.
The number of African American business owners in operation surged to almost 1.5 million last month, up 38 percent from February 2020
Williams brings more than 30 years of management experience to this role
Martin debuts new ad-supported digital network serving black viewers. The Black Star Network will launch a 24-hour streaming network early 2022
Black Seed is working to create a bridge between the Black community and the tech industry in the UK to help address funding issues
Reuters | Nigeria will work with Bitt Inc as a technical partner in its bid to launch its own cryptocurrency, the “eNaira”, the Central Bank said...
Investment Led by Marcy Ventures Partners, Chris Paul, Lisa Shamus & Partners
No other startup whose operations are based in Africa has raised as much in one round
Platform will further integrate informal traders into formal markets through better access to digital finance systems.
Digital currency will be tested in a trial phase with banks, payment service providers and consumers
MVX wants to make freight shipping and trade finance easier for African businesses by bringing booking and deployment processes online.
The NNPC said it had signed term sheets with Dangote Group for the stake in its 650,000-barrel-per-day oil refinery
Sub-Saharan Africa is poised to expand 4.1 percent next year, as economies recover from the pandemic
The carrier announced a loss of US$27.6 million as well as a 75 percent decline in revenue, compared to the same period in 2020.
Created in 1997, the Maine Venture Fund has invested over US$25.2 million in Maine small businesses and helped stimulate economic growth
Landis is raising money at a time when soaring home prices are pushing ownership out of range for many Americans.
Reuters | A project in Kenya is using biogas technology to tackle two major pollution problems with one device: a machine that converts waste such as...
Obama will have a minority equity stake in NBA Africa
The University's commitment includes impacting the creation of 1000 Black entrepreneurs and business owners by 2030. The 1MBB partnership with Operation HOPE is a natural extension...
Congrats are in order for Queen Latifah who just landed a major development deal with podcast production house Audible Inc. The “Ladies First” rhymer will now...
The win will break open doors
Team is expected to advise government on policy, legislation and guidelines to enable the technology to be used effectively.
The global investment firm will commit to net-zero carbon emissions across its portfolio
Dangote Group will double cement production in Cameroon
Business Wire | Blackstone LaunchPad today announced that it has expanded access to its entrepreneurship and skill-building program to students at Morehouse College, Spelman College and...
Monthly subscription service to feature 50+ entertainment streaming channels for a fourth quarter 2021 launch
Grenada’s Prime Minister Keith Mitchell is leading an initiative of the Caribbean Community (CARICOM) to eliminate roaming charges for Caribbean nationals traveling within the region. Mitchell,...
Antigua & Barbuda Prime Minister Gaston Browne has hinted at the possibility of a new company to administer the affairs of the cash-strapped regional airlines, Leeward...
The carrier, saw its revenues fall by a massive 75 percent during the first quarter of 2021
Many people are drawn to the fact that Black-owned banks reinvest in the communities in which they serve
Piloting of payment system in 6 West African countries is going on very well and by the end of the year, it would be fully rolled...
Project should provide access to power to all Mozambicans
Omadeke: It's 'bittersweet' to join small club of Black female founders who've raised more than US$1 million
The telecoms business in Ethiopia is expected to draw significant investor interest
By Stacy M. Brown Technology has become an essential tool for Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs). Yet CDFIs and MDIs have...
Carrier emerged from lengthy bankruptcy proceedings
Launch of fund coincides with the 100th anniversary of the destruction of Black Wall Street
West African country boasts one of the first central banks on the continent to say it was working on a digital currency
Hardge Global Technologies, LLC announces test results
Country has suffered from power outages for over a decade, Eskom can't meet demand
Ketron Investment acquires Shoprite Nigeria
AP | In a century-old family story about a teenage aunt who liked to drive her luxury car down the trolley tracks of Tulsa, Kristi Williams...
Refinery is critical for Nigeria, which relies heavily on fuel imports for its needs.
Despite setbacks in 2020, VC investment is expected to climb sharply and exceed US$10 billion by 2025
Will introduce programs in the Community and Help Black and women-owned startups launch
There has been an uptick in local acquisitions in Africa
Reuters | Black-owned businesses were more likely to need to go outside of the traditional banking system when seeking government aid during the pandemic and they...
Juneteenth Conference focuses on closing the racial wealth gap
Two satellite centres already established in Malta and Kenya
Xinhua | Tanzanian President Samia Suluhu Hassan and her Ugandan counterpart Yoweri Museveni on Thursday declared the launch of a US$3.55 billion crude oil pipeline venture....
The pandemic continues to exact a large toll on sub-Saharan Africa
CDB is already working with St. Vincent & the Grenadines to identify, prioritize and address the most urgent needs
Grant Fuller's appointment is another step by Jamaica to deepen its outreach to Africa
Press Release | Hyginus ‘Gene’ Leon today took office as President of the Caribbean Development Bank (CDB), becoming the 6th chief executive of the regional multilateral...
Press Release | The Caribbean Public Health Agency (CARPHA), through its Regional Traveller Health Program (THP) is collaborating with Caribbean Airlines to promote healthy, safer tourism,...
The new nanotechnology and semiconductor factory is the first of its kind on the African continent
Kenya Tax, costs ‘bigger threat to businesses than COVID-19’ According to a survey by the Central Bank of Kenya (CBK), the majority of Kenyan company chief...
Africa's top cement maker will boost capacity by 40% this year
Investing influencers who are attracting audiences on the Clubhouse app say bold steps need to be taken to close the wealth gap
The Antigua & Barbuda-based regional airline, LIAT, says it will resume flights to Barbados and St. Lucia later this week, after suspending them as a result...
Wade will join the youngest ownership group in the league
Latest addition is a port on the Kenyan island of Lamu, which is set to go into operation in June
HBCUs continue to equip Black students to compete globally, become entrepreneurs and close the wealth gap
The EACOP could potentially be the longest electrically heated crude oil pipeline in the world
Godwin's appointment would put women in lead roles at 4 national TV news operations
Kenya: "US pressure on countries to ditch Huawei is politically motivated, not based on evidence showing it would enable Chinese spying"
Rwandan company aims to electrify East African motorbike taxis
This TV' Now Carried on 8 ABC-Owned Station Subchannels in Major Markets Including New York, Los Angeles and Chicago
Harlem Capital is focused on building an institution and platform to support diverse founders for many generations
T-Capri Tequila is on store shelves across Maryland. Hainesworth hopes to make it a worldwide brand
Sub-Saharan Africa is the second fastest-growing, and the second most profitable banking market in the world, partly because of the rapid adoption of new technology
Smith’s Vista Equity Partners has over $50 billion in assets, regarded as one of the best-performing private equity firms
Black entrepreneurs come together to pay it forward to hard-working, inspirational HBCU undergraduate students with the Step into Greatness College scholarship
Access Bank will expand trade finance capability within Grobank
The CBDC will be legal tender and interchangeable with the Jamaican dollar in cash on a one-to-one basis
Rollout starts with 4 Kenyan cities and towns - will be expanded to 150 sites in the next 12 months
South African digital agency, Mashcor, has launched an indigenous Afrocentric search engine designed to integrate the rapidly growing African tech industry
Nine straight quarters of triple digit gains catapults the Tennessee whiskey distillery to the top
Growth projections from the IMF put the turnaround at around 7.4 percent
Guaranty sees African subsidiaries contributing 30 percent of profit by 2024
Deep seaport will allow bigger vessels to dock and help ease congestion
Future of the Eastern Caribbean dollar is digital - ECCB Governor Timothy Antoine
James confirmed that this deal is an important step on the road to his ultimate goal of owning an NBA franchise
The exchange has received approval for the listing from the Nigerian Securities and Exchange Commission.
Sean 'Diddy' Combs announces key hires to leading Black-owned media company to drive continued growth in 2021
The completion of the fundraising round which raises the value of the company to US1 billion, highlights the growing interest in the burgeoning payments market in...
The University’s investment will support the Fearless Fund’s mission to address the disparity that exists in venture capital funding for women of color-led businesses
Black-owned companies, which on average had fewer resources to draw upon going into last year, were hit particularly hard by the downturn and were less well-served...
Square will pay US$297 million in cash, stock for majority share; Jay-Z will join Square’s board of directors after deal.
When the pandemic diminishes, countries must continue to address the enormous economic challenges that confront the region.
Funding will enable BlocPower to expand and scale its inner-city energy retrofit projects across the U.S., create green jobs, improve quality of life for urban residents...
AP | Shaquilla Williams is really good at one thing: multi-tasking. Williams, 42, worked with large events when she was stationed in the Navy in Oklahoma....
Jumia said the effects of the COVID-19 pandemic played out throughout 2020
CARICOM member state on track to finalize export legislation of Cannabis.
For more than half a century, the U.S. was the center of global innovation for financial technology, inventing credit cards, ATMs, and online banking. Now, however,...
Rebound means economy may recover faster than expected as the oil price and output increase this year
The carrier entered bankruptcy protection in December 2019 after decade of financial losses.
Tech platforms are vital for nation to support Black-owned businesses amid pandemic
Refinery has “the potential to catalyze more domestic crude oil production and boost GDP growth
Kaepernick has joined forces with private-equity investor Jahm Najafi and will seek to raise around $250 million by taking the SPAC public.
COVID-19 crisis has 75 percent of Black consumers thinking differently about their future, prompting a greater interest in financial planning resources.
Frazier, who joined Merck nearly 30 years ago. He was set to retire in 2019, but the company scrapped a policy requiring CEOs to retire at...
Matee set up her factory making bricks from plastic waste after she ran out of patience waiting for the government to solve the problem of plastic...
Focusing on closing the racial wealth gap.
Mining companies’ exploration budgets for Africa fell 10 percent to a 4-year low in 2020.
The multimillion-dollar fund acquires vacation rental homes in select markets across the U.S.
The Grio.TV reaches over 100 million U.S. households and features movies and television shows
Local Nigerian unit liable for pipeline leaks in Oruma, Goi.
Economic outlook for 2021 will mainly depend on how member states are able to contain COVID-19 and the availability of vaccines.
Brewer, is the only Black woman leading a Fortune 500 company
Tope Awotona founded Calendly in 2013
Industry reports suggest that if the believed resources are eventually confirmed as proven oil reserves, Jamaica could be then confirmed as ranked in the top 30...
Rapper mogul creates fund for startups, saying people of color have missed out on marijuana boom
As China's economy matures, it is shifting its focus towards high technology products hence some firms are relocating to Africa.
Leon succeeds Warren Smith who has been at the helm of the regional financial institution for the last 10 years.
Access Bank plans to expand to high-potential markets, leveraging the benefits of the African Continental Free Trade Area.
Inauguration of Joe Biden as US president promises to usher in a new era in US-Africa relations.
African airlines could lose US$6 billion in passenger revenue in 2020 after the pandemic grounded much of the global aviation industry.
My friends and family have said that I am a great entrepreneur, that they love my cakes and they will always support me. My parents are...
After noticing a lack of representation at Cornell University’s top finance clubs, co-founders Ermias Tadesse and Cheick Camara, created a space to help diversify Cornell’s finance...
Bahamas Petroleum Company (BPC) said Tuesday, that Bahamians will likely learn within 4 to 6 weeks whether The Bahamas is an oil-rich nation. Supreme Court Justice...
African Continental Free Trade Area began on New Year's Day 2021. It aims to bring continent-wide free trade to 1.3 billion people in an $3.4 trillion...
Akon's foray into DR Congo's mining sector comes through a U.S.- registered firm called White Waterfall LLC, of which he is the president and CEO.
The $14 million offer from Ulysses “Junior” Bridgeman was sole serious bid for publisher of Black magazines
Abundant industrial raw materials, competitive labor and proximity to key markets drive investments
Their purchase could reenergize Reebok in the sneaker and streetwear markets as a major Black-owned brand.
Oprah Winfrey joins efforts to promote such entrepreneurs, but economists cite limits in addressing economic inequality through shopping
According to Abiy, a capital market would ease Ethiopia's dependency on foreign finance.
Brough Brothers Distillery, the first and only Black-owned distillery in the state of Kentucky, opened this month.
Start-ups are supplying the vehicles to the motorbike-taxi drivers who provide the most common form of public transport in many cities.
Telecompaper | MTN Rwanda says it will list on the Rwanda Stock Exchange in early 2021, New Times reported. The company reported a profit of RWF...
The launch of the Sand Dollar could upend commercial banking and even shake the U.S. dollar’s status as the world’s de facto currency.
AfCFTA's plan is to boost intra-African trade by 60 percent by 2034 by eliminating almost all tariffs, creating an economic bloc of US$3.4 trillion.
The airline is operating flights 5 days a week to 7 destinations across the LIAT network.
Black-owned banks are beginning to find seats at the tables where corporate transactions are brokered.
Briggs brings her analytical thinking and rigorous methodology to the world of philanthropy to create strategic, effective and sustainable giving strategies
The region's largest carrier has been struggling since countries in the region closed their borders in an attempt to curb the spread of the COVID-19 virus.
Untapped exports concentrated in southern Africa, says report. Internal trade accounts for 14.5% of total African shipments
Africa’s largest wireless carrier accelerating asset disposals. New CEO Ralph Mupita is continuing strategy of predecessor.
Michael Robinson created Bingo-Bango Fresh Fruit Soda Company back in 2017. He uses fresh-squeezed fruit juice to create original flavors like Lemon Peach Pomegranate.
M-Pesa, which is used to send money, save, borrow and make payments for goods and services, is one of the most popular modes of payment in...
Africa’s emerging connectivity and a workforce increasingly familiar with the digital world and new technologies will make it possible for the continent to take advantage of...
Jones is the first Black person to run a major cable news network
The airline, like many others around the world, had been severely impacted by the outbreak of the COVID-19 pandemic resulting in many countries closing their borders.
The Grammy nominated rapper and entrepreneur connects with the fastest growing Telehealth company to provide affordable access to healthcare to millions.
Dangote Group is active in cement, oil, food and sugar businesses, and is also expanding into farming.
Nigeria’s tech-savvy youth and struggling economy have created the perfect circumstances for Bitcoin usage to thrive, especially in commerce.
Bloomberg | The world’s top cocoa producer says the US$100 billion chocolate industry is resisting paying a premium aimed at improving the livelihood of farmers. Some...
Remote commerce was part of a boom before COVID-19. Now that’s tending to limit the damage.
If Africa wants to succeed, it needs to have associations of airlines and economic groups that can be connected to regions.
The Fund's investment will allow Black banks to make US$2.5 billion in new loans.
Central bank holds benchmark rate at 14.5 percent, matches forecast; inflation rate dipped to 7-month low of 10.1 percent in October.
There has been a 16 percent drop in the value of exports from the region in the first half of 2020.
Dave Steward founder World Wide Technology in 1990.
Nigerian GDP contracts 3.6% in third quarter from year earlier; oil production at the lowest in 4 years after OPEC+ cuts
The deal will make the 28-year-old Oladipo one of world’s youngest basketball team owners.
TechCrunch | African cross-border fintech startup Chipper Cash has raised a US$30 million Series B funding round led by Ribbit Capital with participation of Bezos Expeditions...
The Planning Institute of Jamaica (PIOJ) has reported an 11.3 percent economic decline for the second quarter, or July-September period, when compared to the corresponding period...
South Africa has been voted the second most attractive location for business process outsourcing for the third year in a row.
Shop Black Week was created to encourage all Americans to spend money with Black-owned businesses.
Nigeria's exports are expected to rise by at least 8 percent within the AfCFTA.
Benedict Peters’ Bravura has $1 billion available for mine; Bravura may start constructing mine within 18 months.
AgriPitch competitors can attend virtual sessions on product development, revenue channel identification, logistics, marketing, business management, investment readiness, financing and other issues, led by trainers and...
Customs says two other companies also allowed to export. Exemption signals government softening stance on land blockade.
Many prominent voices in the Black community are dissatisfied with the past lack of delivery on promises made and have been warning that this time is...
Motsepe is a hugely successful businessman who made his money in mining and more recently private equity and financial services.
Ethiopian Airlines, is the only group that has publicly expressed interest in working with SAA
“We want Nigeria to be strategically placed to capture value from this economic potential of blockchain,” stated the NITDA director-general.
The government of Angola says it has identified key steps that it needs to take before launching its own diamond exchange in Luanda, which is slated...
Premier annual event for Black entrepreneurs expands its reach and impact as a virtual conference experience to maximize networking and engagement.
Leeward Islands Air Transport (LIAT) has returned to Caribbean skies following a 7-month absence. The airline operated its first flight on November 1 from the V.C....
Infrastructure projects could have a positive impact on the economy in the next coming years.
Third party businesses can now use the unique logistics network of Africa's leading ecommerce platform to reach more customers.
Perry’s decision to install a writer’s room at his studio may result in an exciting experience for his fans.
As of last month, the number of Black business owners had climbed back to about 1.1 million nationwide, a 2 percent increase from February. The rebound...
Networks reach over 81 million U.S. households via over-the-air, Cable and Online.
Dangote has long sought to sell shares on U.K. bourse; the company is focusing on increased exports for time being.
Bank credits its social justice activism and technology platform for surge.
Documentary is expected to be completed in early 2021.
St Lucia eyes reopening more hotels next month
Invariably, for trade under the AfCFTA to progress as our people hope it will, all AfCFTA governments must instill a sense of urgency via a robust...
The decree will promote participation in the oil sector from commercial companies owned by Angolan citizens.
Data shows African Americans have increasing cultural, economic and political influence
Bloomberg | Stripe Inc. is acquiring Nigerian online payments processing startup, Paystack to jump-start its expansion in Africa. The U.S. payment-services giant will pay US$200 million...
Based on Harris’ personal leadership insights, ‘Leader Board’ will help any leader, manager, recruiter, people manager, or HR pro revitalize their approach to leading and hiring.
The African Development Bank is proud of the success of its landmark “Fight Covid-19 Social Bond”, launched to help alleviate the impact of the pandemic on...
The idea is to use blockchain technology as a platform for the transition into a digital economy.
Cleveland Avenue is looking to raise up to $500 million in its second fund.
Ethiopian Airlines Group will carry out their own safety checks on the model before considering a return to the skies.
N’Guessan is the first woman to win the Africa Prize for Engineering Innovation
Killer Mike, former Atlanta mayor Andrew Young & Bounce TV founder Ryan Glover launch digital bank for Black and Latinx people.
Mvunga sworn in as Bank of Zambia governor, replacing Kalyalya; Zambia’s currency is Africa’s worst performer this year.
Vontélle's Slogan is, "Be bold. Be brave. Be beautiful."