All posts by Preta Peace Namasaba

News

Gregory Jackson was the first Black auto dealer to surpass the billion-dollar revenue mark and he wants his family to carry on the success

Gregory Jackson was looking for a new venture as after falling out of love with his cookie business. He entered the General Motors Minority Training Leadership Academy armed with the skills and funding to seek…

By Preta Peace Namasaba March 27, 2024
News

Louisiana plantation which was home to the largest slave revolt in American history now under Black ownership

In 1811, more than 200 enslaved people launched an insurgency in present-day Louisiana. They escaped from sugarcane plantations on the German Coast and marched along the Mississippi River toward New Orleans. The revolt lasted only…

By Preta Peace Namasaba March 26, 2024
Business

This Black-led fintech has distributed over $9 billion in funding for small businesses

Although there are federal laws that offer protection against lending discrimination, the lingering effects of redlining continue to disadvantage Black borrowers. Black loan seekers have a 10 percent lower loan approval rate than their white…

News

How “turnaround specialist” Arnold Donald took over a struggling cruise line and doubled its worth

Although the economy was booming, the profits of Carnival Corporation remained stagnant and shareholders were getting agitated. The company was in the midst of two public relations nightmares. One of their ships had capsized off…

By Preta Peace Namasaba March 25, 2024

More posts by Preta Peace Namasaba

Business

Robert F. Smith’s Vista Equity Partners acquires JAGGAER after raising $20 billion to invest in AI

Robert F. Smith’s Vista Equity Partners has acquired JAGGAER, a global leader in enterprise procurement and supplier collaboration software, from Cinven. The acquisition aligns with the firm’s goal of investing in artificial intelligence after raising…

By Preta Peace Namasaba September 2, 2024
Business

Slutty Vegan founder Pinky Cole gifts two longtime employees their own restaurant

To celebrate Slutty Vegan’s 6th anniversary, its founder and CEO, Pinky Cole Hayes has rewarded two of her longtime employees, Angel Barnwell and Miesha Hambrick with their own franchise. The two women have been crucial…

By Preta Peace Namasaba August 26, 2024
News

These 4 Black owned businesses generate over $1 billion in annual revenue each

Black business ownership is growing at the fastest pace in 30 years. According to data from the Federal Reserve’s Survey of Consumer Finances, the share of Black households owning a business has more than doubled,…

Thrive

Top 10 in-demand remote jobs paying at least 100k salaries

The pandemic unequivocally changed how we work. It shook up the traditional workplace setup and ushered in the remote work era. According to the Pew Research Center, approximately 22 million employed adults in the U.S.…

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