Tag: Business

Enterpreneurship

Funding Black-owned businesses: Facts and statistics
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By Heidi Rivera | FIDELITY

Key takeaways

  • Black-owned businesses in the U.S. employ around 1.6 million Americans, according to the U.S. Census Bureau.
  • Studies show that Black entrepreneurs face more challenges than their white counterparts to secure the capital they need. This is true, even if they have a stronger credit profile.
  • Black-owned businesses play an essential role in reducing the racial wealth gap.

Minority-owned businesses are those that are at least 51 percent owned, operated and controlled by a minority group. Black- and African-American-owned businesses fall under this umbrella.

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Movemeback | Want to come home? This startup is helping diasporans return to the African continent
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By Kay Ugwuede | TechCabal

Two years ago, according to a Pew Research Center study, about 45% of Nigerians had plans to leave the country within the next five years, more people than in all other surveyed countries. Many cited the grim economic and political future of the country. Some cited security concerns. If this survey were to be conducted at this time, with the events of October in sharp focus, perhaps this number will double. 

Continue reading “Movemeback | Want to come home? This startup is helping diasporans return to the African continent” →