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."
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...