Business - Page 20

Bill Gates Pledges Fortune to Africa Over Next 20 Years

Written By Lexx Thornton Africa has been on the rise and shows no signs of slowing down. Microsoft co-founder Bill Gates has revealed what he plans to do with his $200 billion fortune, saying most of his money will go to the motherland. Gates appeared at the Nelson Mandela Hall at the African Union in Addis Ababa, Ethiopia where he revealed that he intends to donate the bulk of his fortune to Africa through his foundation over the next 20 years. Gates previously said that his goal was to support causes that would help save and improve lives across the

Nissan Donates $250K to Support Mississippi HBCUs’ STEM

By J.T. Mitchell Nissan is donating $250,000 to Mississippi’s seven Historically Black Colleges and Universities, according to an announcement made by the automaker Wednesday. For the 11th consecutive year, Nissan is donating to the following HBCUs: Alcorn State University, Coahoma Community College, Hinds Community College – Utica Campus, Jackson State University, Mississippi Valley State University, Rust College, and Tougaloo College. The support comes through Nissan’s Mississippi HBCU STEM Initiative, which was founded in 2014 and aims to support and encourage innovative programming serving Mississippi students and strengthening the science, technology, engineering, and mathematics workforce. “I’m particularly proud as an alumnus

Google Settles Racial Bias Lawsuit for $50 Million

Written By Lexx Thornton Google agreed to pay $50 million to settle a lawsuit accusing the search engine company of systemic racial bias against Black employees. A preliminary settlement covering more than 4,000 Google employees in California and New York was filed on Thursday evening in the Oakland, California federal court, and requires a judge’s approval. Plaintiffs in the proposed class action said Google has a “racially biased corporate culture” where management steers Black employees to lower-level jobs, pays them less, downgrades their performance ratings, and denies them opportunities to advance. According to the complaint, Black employees comprised only 4.4%

UNCF Expands HBCU Impact Through Digital Innovation

The United Negro College Fund’s (UNCF) Institute for Capacity Building (ICB) is leveraging the power of networks, technology and innovation to help Historically Black Colleges and Universities (HBCUs) and Predominantly Black Institutions (PBIs) achieve their missions.  Ed Smith-LewisThrough digital and innovative platforms, UNCF is building a connected ecosystem where “institutions can learn from one another, scale what works, and shape a stronger, more equitable future for their students,” says Ed Smith-Lewis, senior vice president of strategic partnerships and institutional programs at UNCF. In 2015, UNCF received a $50 million grant from the Lilly Endowment Inc. to launch the Career Pathways

Credit Inequality Hits Young Black Americans Hardest

Written By Lexx Thornton Credit access and management significantly impact young African American communities in theU.S., often exacerbating existing economic disparities. These challenges stem from a combination of historical, structural, and systemic factors. Young adults in majority-Black communities face notably lower credit scores compared to their white counterparts. For instance, individuals aged 25–29 in majority-Black communities have a median credit score of 582, while those in majority-white communities have a median 687. Such disparities often result in higher interest rates and limited access to affordable credit. Credit denial rates are disproportionately high among Black applicants. In 2023, 65% of Black

Tulsa Proposes $100M Trust for Black Wall Street Reparations

Written By Lexx Thornton Black Wall Street refers most famously to the prosperous African American business district inthe Greenwood neighborhood of Tulsa, Oklahoma, during the early 20th century. It became asymbol of Black economic success and self-sufficiency, but it wastragically destroyed duringone of the most violent racial massacres in U.S. history. Many residents were highly educated,and the area was home to Black doctors, lawyers, and entrepreneurs. Children went to privateschools in uniforms and had top-tier education. It was dubbed “Black Wall Street” to highlight its economic power and independence—comparable to New York’s Wall Street. On May 31 and June 1,

AT&T Stands Firm on DEI, Defies Federal Rollback Pressure

Written By Lexx Thornton AT&T refused to follow Verizon in rolling back DEI policies amid federal pressure. AT&Tstands firm on DEI values regardless of government pressures they have received. While Verizon recently bowed to federal pressure from the Trump administration to scale back diversity, equity, and inclusion (DEI) efforts, AT&T is taking a different stance. CEO John Stankey made itperfectly clear that the company has no plans to roll back its DEI policies. According to him,AT&T has always been about merit, offering everyone a fair shot to grow, thrive, and belong at the company. AT&T’s recent decision to maintain its

Trump Unveils $175B Golden Dome Missile Defense Plan

Written By Lexx Thornton President Donald Trump has unveiled a $175 billion missile defense initiative dubbed the”Golden Dome”, designed to shield the U.S. from space-based threats. Spearheaded by the SpaceForce, the system is expected to be operational within three years,utilizing cutting-edge droneand space technologies. While the project is still in its early stages, its potential economic impacts are significant and multifaceted. The Golden Dome is projected to cost up to $175 billion, with some estimates suggesting a total expenditure ranging from $161 billion to $542 billion over 20 years . This substantial investment would likely lead to increased federal spending,

Africa’s $1 Trillion Agribusiness Revolution Takes Root

Written By Lexx Thornton In the heart of Kenya’s Rift Valley, a young woman named Amina bends over a tablet in her farmhouse, checking soil moisture data. Her family farm, once reliant on seasonal luck and outdated tools, now hums with the rhythm of modern agriculture—precision irrigation, high-yield seeds, and access to markets beyond borders. Amina is part of a quiet revolution reshaping Africa: the rise of agribusiness as a trillion-dollar frontier. Agriculture has long been the backbone of African economies, employing over 60% of the continent’s workforce. But for decades, farming here has been seen as low-tech, low-profit, and

DEI Rollbacks Spark Backlash Against Dollar General, Target

Written By Lexx Thornton Rolling back DEI (Diversity, Equity, and Inclusion)refers to companies and organizationsreducing or ending their DEI programs and initiatives. President Trump’s executive order inJanuary 2025 initiated DEI rollbacks in the federal government, leading tochanges in policiesand programs at agencies like NASA. As time has progressed other big companies have rolled back DEI policies and have suffered tremendously from boycotts like Target. On Wednesday, Bryant announced that he was going to put pressure on Dollar General, saying that the company had “walked away from DEI.””Target is canceled since they have betrayed and walked away from our community, and

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