Africa’s largest crude producer wants to update sector rules - the reforms aimed at attracting more investment to industry.
Nigerian fintech startups have never had it so good.
Three east African countries merging their stock markets to boost local investment
Group offers shares for as low as US$500 apiece, to enter this lucrative and growing market.
The Wish local empowerment program is set to impact more than 4,000 Black-owned businesses across the US
A new breed of digital banks, without physical branches, say they have had a boost due to the pandemic.
E-currency pilot runs started in December; will be nationwide by October next year.
E-commerce revenues in the sub-Saharan region grew by an average of 24 percent in 2019 according to the IMF
The coalition, which also includes the U.S. Black Chambers, Inc., National Business League, National Black Chamber of Commerce and Walker’s Legacy, has launched with a $10...
Never before have so many burst into the global mainstream at the same time
The ruling ANC party had decided in 2017 that Reserve Bank should be owned by state
Parrott was inspired to invent the world’s first diverse emoji called iDiversicons™
Boom in bitcoin use in Africa, driven by payments from small businesses as well as remittances sent home from migrant workers
Africa’s biggest airline interested in support for rival South African Airways.
Construction to begin next year on US$6 Billion project
The directory was created to fill a void in helping African Americans find quality African American Businesses in the black community across America.
The Dangote US$15 billion refinery, if successful, could revolutionize Nigeria’s economy.
Two Black-Led Banks Merge to Form a $1 Billion institution.
Adesina got unanimous support for his new term.
Marie Pierre Faye, has already positioned herself as one of Ottawa’s rising food and beverage entrepreneurs.
African American Credit union Coalition elects new chair
#BankBlack, a campaign promoted by Michael Render of Run the Jewels, has brought attention - and new customers - to the few remaining Black-owned financial institutions.
Ralph Mupita replaces Rob Shuter as MTN group CEO
Ghanaian entrepreneur, Bernice Dapaah making waves with her bamboo bikes
Bitcoin makes sense for global trade.
Companies that profited from the Transatlantic slave trade should consider making reparations to African Americans.
Bloomberg | West Africa, with about 380 million people, is the final frontier for global automakers looking to increase manufacturing capacity in a region where they...
Uganda is looking to have an initial manufacturing capacity of 5,000 electric vehicles per year.
The only one in the room
Entrepreneur and inventor Freddie Figgers says he's already spent millions to help people during the pandemic. And he's just getting started.
Dangote refinery will create jobs and reduce foreign exchange outflows.
Konga has grown from a position of strength into arguably Nigeria’s leading e-commerce brand.
Reifer-Jones steps down from helm of troubled carrier.
By replacing the patchwork of regional agreements, streamlining border procedures, and prioritizing trade reforms, AfCFTA could help African countries increase their resiliency in the face of...
Magazine to stop publishing regular monthly print editions.
The Anzisha Prize seeks to fundamentally and significantly increase the number of job-generative entrepreneurs in Africa.
Barbados and St. Vincent & the Grenadines divest from LIAT
Byron Allen looking to enter Middle East.
The impact of the COVID-19 pandemic on the AfCFTA and intra-Africa trade and economic integration ranges from stunting some of the recent success gained in cross-border...
Black America and its allies demonstrate understanding of how to use massive spending power.
Doing business in east Africa just got easier, thanks to Sokoni Links.
MTN South Africa has officially launched its 5G network.
Usage of digital channels for the delivery of payments and financial services has grown considerably.
The COVID-19 crisis has hit the global aviation industry hard.
LeBron James and his longtime business partner Maverick Carter have formed a new company with an unapologetic agenda.
Financial impact to Caribbean Airlines Limited from losses arising from the COVID-19 pandemic took effect from the beginning of March 2020.
Caribbean nations are starting to reopen their borders to tourists again, after more than two months of watching their tourism-dependent economies get decimated by the Coronavirus.
South African Airways has failed to turn a profit since 2011
Akon is building a city in Senegal named after himself.
There are calls for consumers to "Buy Black" as a corrective to economic inequalities black business owners face.
Safaricom has submitted an expression of interest to set up operations in Ethiopia.
GULU, Uganda – Reuters | When the Ugandan government ordered all non-essential workplaces shut to contain the Coronavirus (COVID-19) pandemic in late March, Peter Okwoko and...
Comcast settled a long-running a long-running racial discrimination dispute with black media mogul Byron Allen, agreeing to add three of Allen's channels to its cable packages.
AfDB has raised an exceptional $3 billion in a 3-year bond to help alleviate the economic and social impact the COVID-19 pandemic will have on livelihoods...
The company has a growing network of payment systems in the Caribbean, and its has an ambitious plan is to create a financial ecosystem that moves...
Gumzo is built to be used on the wide variety of devices used across Africa.
Lockdown in South Africa hampered sales on the continent. Company to export clinker to Central Africa to boost sales.
COVID-19 has stretched Nigeria’s health system and the country has lagged behind in its capacity to test for the virus, but tech companies are helping to...
Community Inclusion Fund’s mission is to support underserved communities across the United States that have been overwhelmingly burdened by the COVID-19 pandemic.
The global airline industry is going down; so why is Ethiopian Airlines looking up?
Manufacturing PMI has been stuck close to 50 for a decade
Johnson calls for US$14 trillion in reparations - not just to atone for past sins, but to cause this nation to live up to what was...
Administrators propose bailout for South African Airways.
Private equity star, Frank Baker, pays off tuition balances of 50 new Spelman graduates
Bahamas government denies 'running out of money'.
The loss in oil revenue has stretched governments’ resources and complicated their fight against COVID-19.
Brett Hart becomes United Airlines president in midst of crisis.
It is a brave man who will put his money into long term investments in the world of COVID-19. Clearly, Fortune favors the brave.
Tyler Perry is planning to make his Atlanta-based mega studio one of the first domestic filming grounds to reopen during the coronavirus pandemic.
Crypto adoption is making significant advances in Africa, with crypto ownership, trade volume, and regulation all moving toward greater adoption.
Nigeria is yet to recover from the 2016 recession.
Senegal has prioritized the development of its renewable energy sector.
Johnson’s EquiTrust is providing critical financial support to underserved communities and businesses.
Construction of ICT parks to push Nigeria into digital industrial age.
Vista Equity Partners to obtain a 2.32 percent stake in Reliance Jio Platforms.
Helium Health closes $10 million Series A funding round.
Regional carrier, Caribbean Airlines (CAL), says measures are being put in place for the reopening of borders in Trinidad & Tobago, which have been closed since...
Victoria Falls exchange will seek partnerships with other global exchanges and partners around the world, and become a truly global platform.
Black-owned businesses calling on the federal government to ensure that their companies aren’t wiped out by COVID-19 onslaught.
COVID-19 effect and oil price shock could drastically affect Nigeria's oil export revenues.
East Africa is a leading beneficiary of remittances that have been central in propping up foreign exchange reserves.
US$30 Billion of 2nd Round of PPP Allocated to Community Lenders.
Launched in partnership with the National Bankers Association, 'Our Fair Share' will work to help simplify the application process surrounding the latest PPP rollout.
Nigeria moves towards production cuts as a result of a lack of local storage and inability to sell cargoes
PRNewswire | Jay King, the CEO and President of the California Black Chamber of Commerce (CBCC), has announced the launch of a special COVID-19 “Everybody Pitch...
Icon of Black Business passes away at 85
Mobile financial services company, Zeepay has been granted a licence by the Bank of Ghana to operate mobile money services in the country. The service will...
Savoy’s Most Influential Black Executives in Corporate America is the definitive listing of African American executives, influencers and achievers impacting corporate America.
Aliko Dangote, Access Bank lead Nigera charge against COVID-19
PRNewswire | Jay King, the CEO and President of the California Black Chamber of Commerce (CBCC), is initiating a statewide call to action to the private...
MTN ramping up efforts to support customers and communities as COVID-19 spreads.
By Rieva Lesonsky It’s been a relatively good few years for African American small business owners. According to a subset of data in the 2020 State...
When combined, the Tegna and Allen businesses would have total cash flow of about US$2 billion
Vista will provide financial assistance and explore additional opportunities to support Scratch’s mission to engage children in thinking creatively, reasoning systematically, and working collaboratively.
Reuters | Dangote Cement has revealed that it planned to start exports from its Congo Republic plants to neighboring states, while its Nigerian exports fell 41...
NNPA Newswire | The International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (UAW) is one of the largest and most diverse unions in...
Reuters | Warren Buffett’s Berkshire Hathaway Inc., said on Friday that former American Express Co Chief Executive Officer Kenneth Chenault has been nominated to the conglomerate’s...
Despite a slump in the global economy as a result of the negative impact of the coronavirus (COVID-19) pandemic, the Central bank of Nigeria (CBN) –...
Move will strengthen East African integration as Tanzania begins to import more sugar from Uganda
Ebanks Will Join the Board of Essence Ventures, Parent Company of ESSENCE
Women of color are an important and growing - a catalyst for change
Nigeria’s Dangote Group started a test run of a US$2 billion fertilizer plant
By David Hundeyin In December 2019, an ambitious refinery project in the remote Ibeju-Lekki suburb of Lagos, Nigeria, took delivery of the world’s largest single crude...
Konga to work assiduously to reach a target of $5 million daily turnover by 2022
By Olivera Perkins Ramona Hood was a 19-year-old single mother when she started as a receptionist at what is now FedEx Custom Critical in Green. Nearly...
OneUnited Bank, the largest Black owned bank in the United States and the first Black internet bank, has launched the Harriet Tubman Card to commemorate the...
Abiy seeks to move Ethiopia to top 100 on World Bank rankings. State has started process to liberalize Horn of Africa economy
Entertainment Studios expands broadcast TV holdings by closing deal to purchase 11 TV stations with network affiliations including ABC, CBS, NBC and FOX
America’s first news channel that focuses on the black community is scheduled to launch Monday. Black News Channel will offer original programming “created by people of...
Guyana rejects advocacy group’s claim that country could lose billions in “exploitative ” deal with ExxonMobil
By Chris Bishop When the young Fortune Mojapelo (pictured) used to take a taxi from his township to the nearby small town of Que Que in...
PRNewswire | BETAH Associates, an African American and woman-owned small business, that aims to “do well and do good,” today received a Maryland Governor’s Citation. BETAH...
Bloomberg | Cross-border trade in Africa brings to mind trucks backed up at border posts, corrupt officials and the smugglers trying to avoid them, and just...
Here's how Andre Iguodala got to invest in Allbirds’ Series-A funding round
Bloomberg | Aliko Dangote, estimates group revenue will reach US$30 billion in 2 years, boosted by earnings from a new oil refinery and petrochemical plant due...
BlackPRWire | The 2020 Young, Gifted & Black (YGB) Entrepreneurial Awards Committee Selects Nominee ButterMEssentials for 2020 Small Business Development Award. The Small Business Development Award...
LeBron James, Lyft teaming up to give youth free bikeshare access
MTN Uganda, ZTE unveil 5G service in East Africa
South African Airways says flights operating as normal despite stalled bailout talks
Africa's first ever premium cigar brand, handmade in Maputo, Mozambique.
Moses Shepherd and his ACE Petroleum land 5-year deal with Detroit
Akon becomes owner of his Senegalese city namesake
African American women the fastest growing group of business owners in the United States.
Former Barbados prime minister, Owen Arthur, has been announced as the next Chairman of the Board of Directors for the regional airline, Leeward Islands Air Transport...
By Matthew McNulty The Black News Channel (BNC) has delayed its launch until Black History Month, the network announced last week. Having been previously slated to...
Tullow Oil, late last week revealed that it has discovered a higher quality of crude oil offshore Guyana, in the Carapa-1 well within the Kanuku licence....
Guyana has begun commercial exploration from the Liza field offshore Guyana with President David Granger declaring December 20 as “National Petroleum Day”. In a radio and...
Antigua & Barbuda-based regional airline Leeward Islands Air Transport (LIAT), has announced that the company’s chairman, Jean Holder is stepping down. Holder who had served the...
Nigeria’s federal government has released a new 5-year National Broadband Plan (NBP) to cover 2020-2025. The objective of the NBP is to boost broadband coverage from...
By David Pilling In a little clearing in a Ghanaian forest, not far from where grapefruit-size cocoa pods hang heavily from the trees, 67-year-old Yaa Asantewaa...
Reuters | Kenya Airways named the head of its low-cost subsidiary as its new acting chief executive officer on Monday after its current boss announced his...
Reuters | Hope Mwanake understands the plastic pollution crisis facing Kenya better than most. An environmental scientist who ran a waste collection service in Kenya’s central...
By Jack Ma The first time I set foot in Africa was in 2017. I was visiting Kenya and Rwanda in my roles as special adviser...
Reuters | Ghana’s Springfield E&P said on Wednesday that it had discovered 1.5 billion barrels of oil and 0.7 trillion cubic feet of gas off the...
Reuters | South Africa plunged deeper into darkness and its growth outlook dimmed with utility Eskom announcing unprecedented levels of blackouts on Monday, just as President...
Jamaica Observer | The National Association of Securities Dealers Automated Quotations (Nasdaq) and the Jamaica Stock Exchange earlier this year, signed a 7-year agreement for the...
Press Release | Harlem Capital, a diversity-focused venture capital firm, has announced the closing of Harlem Capital Partners Venture Fund I, LP at US$40.3 million (“Fund...
Reuters | South Africa’s gross domestic product (GDP) contracted 0.6 percent in the third quarter, following a revised 3.2 percent expansion in the second quarter, data...
Guyana GDP to grow fourteen times as fast as China’s next year. Guyana government to set up sovereign wealth fund to invest surplus Bloomberg | Guyana...
Press Release | The Caribbean Development Bank (CDB) congratulates 22 startups who have reached the final stage of the Caribbean Tech Entrepreneurship Programme (CTEP). The Bank...
Collaboration aims to promote inclusive global trade, regional commerce, and capacity building. Press Release | Ethiopian Prime Minister Abiy Ahmed, Alibaba Group founder Jack Ma, and...
Guyana’s President David Granger said Wednesday that the emerging petroleum industry provides an “exciting economic and enterprising development” for Guyana and will enhance economic growth by...
Press Release | The Millionaire Mastermind Academy, a leading 501(c)(3) nonprofit organization dedicated to the education, support and growth of women-owned business enterprises, will host its...
Reuters | Online retailer Jumia Technologies said on Monday it had suspended its e-commerce platform activities in Cameroon because they were “not suitable” for the African...
Telecom Paper | Kenyan mobile cash transactions rose by Ksh307.16 billion (US$3.02 billion) in the 9 months ended September, largely driven by growth in e-commerce, reports...
Press Release | The Africa Investment Forum is making phenomenal progress in attracting interest from all over the world since launching at the Sandton Convention Center...
Caribbean Community (CARICOM) ministers with responsibility for Information and Communication Technologies (ICT) have agreed to collectively approach the region’s telecommunications providers to eliminate roaming charges throughout...
By Mark Walsh People of a certain age will remember Byron Allen as one of the earliest stars of reality TV. He was a host of...
Reuters | Nigerian industrial conglomerate Dangote Group has signed deals to make phosphate into fertilizer and build a cement factory in Togo, the small West African...
AP | Health care provider Kaiser Permanente said Sunday its chairman and CEO, Bernard J. Tyson, has died unexpectedly at the age of 60. Tyson was...
Reuters | Kenyan President Uhuru Kenyatta on Friday approved a data protection law which complies with European Union legal standards as it looks to bolster investment...
Bloomberg | Nigeria’s Dangote refinery, which is being built privately by Africa’s richest man, is scheduled to be at full capacity in the middle of 2021....
PRNewswire | OneUnited Bank, the largest Black-owned bank in America, last month announced BankBlack X, a nationwide plan to close the racial wealth gap. The goal...
–Inaugural summit will take place in Atlanta, Georgia this Holiday Season to support and empower black entrepreneurs. Business Wire | ESSENCE, the leading media, technology and...
The National Black Chamber of Commerce (NBCC) recently announced the appointment of Larry Ivory as the new Chairman for the term of 2019 – 2121. He...
Antigua & Barbuda’s parliament has given the Gaston Browne-led administration the green light to secure a US$15.8 million loan to buy additional shares in the Antigua...
By Michael Malone Byron Allen’s booming and diverse media empire got a bit bigger earlier this month, when Allen swung a deal worth close to US$300...
J.C. Watts, the former congressman and businessman, plans on delivering a non-entertainment television network, Black News Channel, geared towards African Americans before the end of the...
Reuters | Africa’s largest oil refinery will deliver its fuels to Nigerian consumers via roads and sea ports, and will effectively replace all of Nigeria’s fuel...
Bloomberg | Regulatory reforms in Togo and Nigeria propelled the sub-Saharan African economies to among the most improved in the World Bank’s rankings for ease of...
Reuters | Kenya’s top telecoms operator Safaricom named Peter Ndegwa as chief executive, ending a 3-month search for a leader following the death of long-time head...
Kenyan wireless operator Safaricom has introduced new products in a new strategy aimed at ensuring simplicity, transparency and honesty across all its products and operations. This...
Robert F. Smith helped to popularize sales of minority stakes. Vista’s US$6 billion man has sold off about a third of the firm. Bloomberg |...
Bloomberg | Kenya’s National Social Security Fund’s net assets rose to Ksh221.7 billion (US$2.14 billion) in the 12 months through June 2018, compared with a restated...
Last month, at the United Nations (UN) climate talks, African Development Bank president Akinwumi Adesina unveiled ambitious plans to scrap coal power stations across the continent...
PRNewswire | Shaquille O’Neal partners with Miles College to launch his HBCU (Historically Black College & University) Initiative. O’Neal will join Miles College’s President Bobbie Knight...
By David Whitehouse Aliko Dangote, who first announced his plans for a new oil refinery in Nigeria in late 2013, is battling against conditions at Nigeria’s...
By Farhana Haque Rahman Headwinds are blowing amid International Monetary Fund (IMF) warnings of a “synchronized slowdown” in global economic growth, yet Africa’s investment drive is...
By Toby Shapshak There has never been a better time to invest in Africa, says South African President Cyril Ramaphosa. He said the continent’s governments are...
Reuters | Kenya has opened a US$1.5 billion railway line linking Nairobi to Naivasha on Wednesday, despite delays in building an industrial park in the Rift...
Merger creates the dominant minority-and women-owned investment bank Business Wire | Siebert Cisneros Shank & Co., L.L.C. and The Williams Capital Group, L.P. announce that they...
Nashville startup addresses challenges faced by Black-owned businesses through digital coupon distribution and customer loyalty programs. Press Release | Black Business Boom, a rapidly expanding e-commerce...
Bloomberg | Billionaire Robert F. Smith’s Vista Equity Partners (Vista) has agreed to acquire a majority stake in Acquia Inc. in a transaction valuing the enterprise...
By Robin Wigglesworth and Jude Webber Jamaica’s stock market ranks as the world’s best-performing over the past year, thanks to a dramatic economic turnround that culminated...
Bloomberg | Nigeria is seeking to recover as much as US$62 billion from international oil companies, using a 2018 Supreme Court ruling the state says enables...
Reuters | Rwanda’s Mara Group launched two smartphones on Monday, describing them as the first “Made in Africa” models and giving a boost to the country’s...
Bloomberg | Ethiopian Airlines Group would consider buying a stake in South African Airways (SAA) – should South Africa decide to sell equity in the struggling...
PRNewswire | BETAH Associates, a 30-year old African American and woman-owned firm that aims to “do well and do good,” has been recognized as a 2019...
Reuters | “Oya!” shouts the director in Nigerian Pidgin English. Actors take their marks. Lighting blinks on. The film crew snaps into action after the order...
Regional carrier, Caribbean Airlines on Thursday announced the launch of Caribbean Layaway – an interest-free layaway plan, which allows customers travelling within a 2 – 6...
AP | Tyler Perry remembered shedding tears when he saw an Atlanta highway exit bearing the name of his television and film studio for the first...
The success of Africa’s new free-trade area requires a delicate balancing act between opening markets up and protecting smaller players. The new African continental free trade...
Press Release | Larry Irving becomes the first African American to be part of the elite ranks of notable individuals inducted into the Internet Hall of...
Bloomberg | Aliko Dangote, is looking to expand cement capacity on the continent by 29 percent to 62 million tons, entrenching his flagship company’s position as...
By Jake Bright Two of Africa’s powerhouse tech incubators will join forces. Nigerian innovation center and seed-fund CcHub has acquired Nairobi based iHub, CcHub CEO Bosun...
Mobile banking solution focuses on African American community, lead by veteran fintech executive. Business Wire | GRIND Banking is becoming the fastest-growing fintech in the...
AP | Angelo Adud needed some persuading to leave his job as a shopkeeper and become a mobile money agent in South Sudan. Yet one week...
By Busani Bafana and Nalisha Adams Arama Sire Camara, a fruit and vegetable seller in the province of Kindia, some 135 kilometers (84 miles) from the...
By Peter Coy Bloomberg | Jomari Peterson, 33, got his master’s degree in business administration from Howard University School of Business in the spring of 2010,...
AirlineGeeks | Caribbean regional airline, Leeward Islands Air Transport (LIAT), has insisted that it will continue operations, despite local media reports that the airline is on...
Reuters | Ghana, the world’s second largest cocoa producer, is expected to produce 850,000 tonnes of cocoa in 2019/20 season, at the lower end of average...
By David Whitehouse Ghana’s government launched the ‘One District One Factory’ (1D1F) policy in 2017 to spur industrial development, but many of the country’s banks are...
Business Wire | ExxonMobil said yesterday it made an oil discovery on the Stabroek Block offshore Guyana at the Tripletail-1 well in the Turbot area. The...
AP | When Michael Jordan decided to get into the tequila business, he could have slapped his name on the label, maybe autographed a few bottles...
Press Release | African Americans want more for themselves and from corporate America, and they express it with their dollars as they move through the consumer...
Plan to retire polluting plants early would be world’s largest Country needs to cut emissions, fund state power utility Bloomberg | A plan to...
Joan Johnson and her husband, George, founded Johnson Products, the first black-owned company listed on the American Stock Exchange. Joan Johnson, who gained control of Johnson...
The Antigua & Barbuda government has confirmed that negotiations with Barbados to become the majority shareholder in the cash-strapped regional airline, Leeward Island Air Transport (LIAT),...
Bloomberg | The 2 nations that account for almost half of sub-Saharan Africa’s gross domestic product (GDP) are proving to be a damper on the region’s...
South African President Cyril Ramaphosa has cited changes made to visa regulations for tourists and highly skilled professionals, financial support for black farmers and black industrialists...