Business

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…

By Preta Peace Namasaba March 26, 2024
Business

Improving diversity and inclusion in American workplaces is good for the soul of nation

In the tapestry of American history, the foundations of diversity are embedded deeply into the origin of what is now the most powerful nation in the world. From the very beginning, the United States has…

Business

Investing in Africa promises to be easier as blockchain fintech Zone raises $8.5 million to expand business

Nigerian fintech Zone has raised $8.5 million in an oversubscribed seed funding round. The fast-growing payment infrastructure company is Africa’s first regulated blockchain network for payments. It has already signed up more than 15 of…

By Preta Peace Namasaba March 19, 2024
Business

Cory Nieves started a cookie business at six-years-old to help his mother buy a car but it is now an international brand

While adults notice the important details, children pay attention to everything. Cory Nieves noticed that his mother, Lisa Howard, didn’t have a car when they moved to Englewood, New Jersey. He saw her struggling to…

By Preta Peace Namasaba March 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. 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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