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The Black News Channel, a cable news station focused on serving Black viewers, ceased operations on Friday afternoon after its billionaire backer declined to provide more funding for the startup. Now it’s currently under fire after former network employees took to social media to claim they were blindsided when operations were stopped abruptly. They also claim they have been waiting weeks for their final paychecks, just to be told they would not be receiving them as promised. Founded by former GOP congressman J.C. Watts back in 2020, the network was

Online lending marketplace LendingTree published a new study on places with the most Black-owned businesses in the United States, based on the US Census Bureau Annual Business Survey data. Fayetteville, NC was found to have the highest percentage of Black-owned businesses in the US. Other metros in the South — including Washington, DC — join Fayetteville at the top of the list. Pittsburgh, however, ranked the lowest out of the 50 American metros listed, with a mere 1.0% of small businesses being Black-owned — a percentage that falls below the national Black

Angela Majette, a Bronx native, worked as a legal consultant for years before launching her own organization dedicated to helping her community. Her years of experience in the field allowed her to witness firsthand the struggles Black founders on their entrepreneurship journey experienced when it came to getting good counsel for a reasonable price. The struggles experienced by minorities – especially the Black community is what led her to launch Black Connect, an organization that aims to support Black-owned businesses with pro bono legal support and establish solid legal footing.  Launched

Award-winning tech diversity champion Ezechi Britton has been appointed an MBE in the 2022 New Year Honours list for his services to Diversity and Young People. It comes years after Britton was named Venture Capitalist of the Year at the Inclusive Tech Alliance (ITA) Awards for his commitment to underrepresented founders and his “impressive transition from software development to venture capital”. Britton is the co-founder of Code Untapped, a social enterprise set up to increase the number of people in tech from ethnic minority backgrounds. The firm provides crucial training

Microsoft has finally shared an update on promoting racial equity in the US by investing in and working with Black and African American-led financial institutions, suppliers, and partners. It reports that it has reached its goal of committing $100 million to mission-driven banks, which provide capital to diverse communities. The giant has also beat its target of doubling the percentage of transactions it conducts with Black and African American-owned financial institutions. As part of its Black Growth Partner Initiative, Microsoft created $50 million funds to invest in small businesses and startups

Black Tech Twitter is good for many things – from shining a light on the rising talent in the sector, helping members of the community land their dream jobs, to updating those who are keen to get into the industry on the latest events happening around the globe. But one thing it’s increasingly becoming well-known for is being a safe space to ask for advice and get “absolute gems” in return. Here at POCIT, we’ve broken down some of the latest advice from Black Tech Twitter this month. Just go

Nigeria’s one-click checkout platform OurPass has raised $1Million during its pre-seed round to help it scale its business across the country.  The West Africa e-commerce market is still heavily reliant on cash on delivery, according to a recent survey conducted by Jumia. As of 2019, 70% of Nigerians said they prefer cash on delivery options to make online payments. But for those who do try to buy online – yearly, about 75% of shopping carts are abandoned because of how difficult the checkout experience can be with long forms and

Issa Rae has joined forces with American Express and the U.S. Black Chambers Inc. to help push their joint mission to expand their ByBlack initiative by launching the “first national certification program exclusively for Black-ownership designation.” The free platform, which was designed as a directory for Black-owned businesses, will now offer Black business-owners the opportunity to easily obtain approved accreditation that their customers and other companies can trust when spending with them. “Black businesses are American businesses,” Rae said, adding, “I think it’s one thing to support them during a very specific time when

The UC Davis Centre for Integrated Company and STEM Education, better known as C-Stem, has recently received a $2.4million grant to help young Black girls tap into engineering and robotics at a younger age. According to the center, which hopes the program will become a “mentoring pipeline,” the National Science Foundation gave the grant. The money will allow the organization to access vital resources needed to equip the girls with the necessary skills to succeed in the STEM sector. The program, dubbed The Ujima Girls in Robotics Leadership Project, will be

Latinx women are severely underrepresented in technology and Venture Capital—as are Latinx people in general. For example, while a dismal 0.2% of all venture capital goes to Black women in the US, a mere 0.4% goes to Latinx women. According to a new report published by Project Diane, of the Latinx women who are reported to have received that 0.4% [of the $400 billion in venture capital funding between 2009 and 2017], only 58 ever raised over $1 million, But there are five women who are making great strides in the venture capital

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