Business

Business

At just 31, Damola Adamolekun became CEO of a billion-dollar food service empire

A testament to his exceptional achievements at a remarkably young age, Damola Adamolekun has been described as the “African biz whiz kid” and “Wall Street whiz”. At just 31, he took over as CEO of…

By Preta Peace Namasaba April 19, 2024
Business

How Travers J. Bell Jr. became the “Father of Black Investment Banking”

Although Travers J. Bell Jr. lived a short life, he left behind an indelible legacy as the “Father of Black Investment Banking”. A story of humble beginnings, he went from delivering briefcases of stock sheets…

By Preta Peace Namasaba April 15, 2024
Business

Rejected on Shark Tank, the Lip Bar is now worth millions

The business reality show Shark Tank has averaged millions of viewers for over 15 seasons. It is the biggest public platform that an entrepreneur could hope for with a 10-minute pitch on the show having…

By Preta Peace Namasaba April 9, 2024
Business

This man took a bank loan for vacation but it was seed money for the first Black-owned firm on the American Stock Exchange

George Johnson had one dream and it was to start a hair company specifically catering to Black consumers. But when he applied for a $250 business loan in the 1950s at a local Chicago bank,…

By Preta Peace Namasaba April 4, 2024

More in Business

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. The  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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