Business

Business

New report reveals Black women-owned businesses now stronger than ever

According to the newly released 2024 Wells Fargo Impact of Women-Owned Businesses report, Black women-owned businesses are on the rise. The report states that Black women’s small businesses grew to 2.1 million between 2019 and…

By Preta Peace Namasaba May 22, 2024
Business

The first Black solo venture capital partner in Europe has raised $10 million to fund startups in Africa

Maria Rotilu’s newly launched OpenseedVC has closed its first fund at $10 million. The operator-led venture capital firm intends to support experienced operators looking to launch their technology companies. Rotilu is Europe’s first Black solo…

By Preta Peace Namasaba May 21, 2024
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

More in Business

Business

How Dr. Kofi Smith, an aspiring NFL player became president and CEO of the world’s busiest airport

Hartsfield-Jackson Atlanta International Airport – named after Maynard Jackson, the first Black mayor of Atlanta and of any major city in the South, is the busiest and most efficient airport in the world. It generates…

By Preta Peace Namasaba October 26, 2024
Business

Here’s why the country’s largest Black-owned construction firm turned down early investment offer from Michael Jordan

Michael Jordan’s extensive investment portfolio has seen him back numerous ventures, but one offer he made didn’t go as planned. In the early 1990s, C. David Moody Jr., founder of the largest Black-owned construction management…

By Kweku Sampson October 25, 2024
Business

Microsoft’s Pam Maynard named 2024 Black British Business Person of the Year

Pamela Maynard, Microsoft’s Chief AI Transformation Officer for Customer and Partner Solutions, has been named the 2024 Black British Business Person of the Year at the Black British Business Awards (BBBA). Now in its 11th…

By Kweku Sampson October 24, 2024
Business

How George Foreman built a massive $300M business empire after retiring from boxing

Born on January 10, 1949, in Marshall, Texas, George Foreman first made headlines as a dominant force in the world of boxing before venturing into the world of business. His rise to fame began with…

By Kweku Sampson October 23, 2024
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