Yvonne Makolo appointed new CEO of RwandAir

RWANDA, Africa — Yvonne Manzi Makolo has been appointed the Chief Executive of the national carrier, RwandAir taking over from Colonel Chance Ndagano who has been the acting CEO for close to 12 months. Ms Makolo been working within the airline holding the position of Deputy CEO in Charge of Corporate Affairs for about a…

Naturalicious to Launch in Sally Beauty Stores

DETROIT, Michigan — Popular Black woman-owned brand, Naturalicious, is happy to answer the call, recently announcing that their all-natural hair care products will be making their way into select Sally Beauty stores. Naturalicious has now emerged as an exciting company to watch. “This is a dream; I literally started Naturalicious with practically nothing — only…

JD Sports to Acquire Finish Line for $560million

UNITED KINGOM — JD Sports Fashion Plc (“JD” or the “Company”), the leading European retailer of sports, fashion and outdoor brands, announced that it has entered into a conditional acquisition agreement to acquire 100% of the issued share capital of The Finish Line, Inc. (“Finish Line”) at a price of $13.50 per Finish Line share…

Magic Johnson firm agrees to buy Detroit fairgrounds land

DETROIT, Michigan — Earving “Magic” Johnson, former NBA and Michigan State basketball star plans to redevelop property at the old Michigan Fairgrounds in Detroit under his Magic Plus LLC, which will buy about 16 acres (6 hectares) for just over $29,500 per acre from the Michigan Land Bank Fast Track Authority. On Wednesday, the authority’s…

Trevor Edwards, Nike Brand President to retire from Nike in August.

PORTLAND, Oregon — Nike in a press release, announced that President Trevor Edwards will retire in August. Edwards, the No. 2 employee at the world’s largest shoe and apparel company, was responsible for managing Nike’s sales units across the world, its wholesale, retail and e-commerce business. He has been at the company since 1992. NIKE,…

Aliko Dangote named 100th Richest Person in the World by Forbes

NIGERIA, Africa — Nigerian (Africa) billionaire, Alhaji Aliko Dangote, has been named the 100th richest person according Forbes Magazine in their latest release of its annual list of the world’s top wealthiest people for 2018. Dagnote, Africa’s richest person has a fortune estimated at $14.1 billion. Aliko Dangote, Africa’s richest man, founded and chairs Dangote…

New $10 bank note featuring Viola Desmond unveiled on International Women’s Day

HALIFAX, Canada — On Thursday, March 8, 2018, Minister of Finance Bill Morneau and Bank of Canada Governor Stephen S. Poloz, along with some special guest Wanda Robson (Viola Sister) unveiled the design of the new $10 bank note featuring Viola Desmond – during a ceremony at the Halifax Central Library. Once issued into circulation…

Big Sean Partnering with Emagine to bring a Movie Theater to Detroit.

DETROIT, Michigan — Big Sean, the Detroit-raised rapper has entered a joint venture with the cinema chain Emagine Entertainment to open a high-end multiplex in downtown Detroit. Paul Glantz, co-founder of the Troy-based Emagine, told the Free Press that while a site has not been locked down, the plan calls for a “luxury venue” housing…

Jay-Z Dethrones Diddy to Claim Top Spot on Forbes List

LOS ANGELES, California — Forbes released its list for Hip-Hoå’s Wealthiest Artist with Jay Z climbing past Sean “Diddy” Combs ranking #1 according to data released by Forbes magazine on Thursday. The 48-year-old “Hard Knock Life” rapper and music mogul increased his estimated net worth in 2017 to $900 million, up by $90 million from…