Business

Business

Ice Cube sells first Big3 team for $10 million

Hip-hop legend Ice Cube has sold his first Big3 basketball league team in a historic $10 million deal. A consortium led by investment firm DCB Sports, including a mix of professional athletes and celebrities, has…

By Preta Peace Namasaba May 16, 2024
Business

How Fanbase founder Isaac Hayes III became the first Black man to raise $10 million in crowdfunding

In a 2021 study by The Influencer League involving US-based creators, the pay gap between white influencers and influencers of color was put at 29 percent. The margin rises to 35 percent when narrowed further…

By Preta Peace Namasaba May 13, 2024
Business

These are five major business investments by Kendrick Lamar

Rapper Kendrick Lamar Duckworth, known widely by his first two names, is presently involved in one of the most exciting rap feuds of all time with Canadian rapper Drake. The California native has always been…

By Nii Ntreh May 3, 2024
Business

Have a quick look at the most powerful Africa’s most powerful passports in 2024

Very few people think of passports as an essential part of globalization. We know we need it to move between countries but the freedom of movement itself is core to commerce and communications, two ways…

By Nii Ntreh May 2, 2024

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CEO Avante Price and CPO Eli Taylor-Lemire. POSH
Business

Black-owned events platform POSH secures $22 million in Series A funding to empower event social creators

Black-owned events company POSH has secured $22 million in Series A funding to further its goal of connecting people through shared event experiences. Founded by Avante Price and Eli Taylor-Lemire, the platform has garnered over…

By Preta Peace Namasaba August 18, 2024
Business

Driven by their shared African roots, these 3 friends turned a fashion blog into a $30 million global brand

When Jefferson Osei, Abderrahmane Trabsini, and Hussein Suleiman founded Daily Paper in 2008, their goal was to share their unique take on streetwear. What began as a blog highlighting the fashion, music, style, and African…

Nearly two decades ago, Lawrence began her career in sales at Stanley Black & Decker.
Business

4 career tips from Allison Lawrence, president of Stanley Black & Decker eCommerce

Nearly two decades ago, Lawrence began her career in sales at Stanley Black & Decker. Over the years, she climbed the corporate ladder, holding several executive positions, including Business President, Vice President, Chief of Staff…

Business

Black-owned group buys Coliseum complex for $125 million

The African American Sports & Entertainment Group has bought the Oakland Athletics stake in the Oakland Coliseum for $125 million. TheĀ  Black-owned development group, previously landed a deal to buy the other 50% ownership interest…

By Preta Peace Namasaba August 16, 2024
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