Black-owned whiskey brand Uncle Nearest has been hit with a $100 million lawsuit for allegedly not paying back its loans, as stated by court documents. Nearest Green Distillery, which sells Uncle Nearest premium whiskey across the US, has been accused of breaching loan agreements with its lender, according to a suit obtained by WSMV. The lawsuit has been filed by Louisville-based Farm Credit Mid-America, which accuses the company’s founders, Fawn Weaver and her husband, Keith Weaver, of breach of contract, stating that they defaulted on multiple loans, totaling $108 million, including interest. It also alleges
In July, Diarrha N’Diaye-Mbaye announced that her beauty brand Ami Colé will close in September. As one of the few Black women to have raised more than $1 million in venture capital, N’Diaye-Mbaye’s exit marks a loss not just for beauty lovers, but for Black female founders, too. Ami Colé had a devoted following, but the brand struggled to compete with industry giants backed by deep-pocketed corporations. “I couldn’t compete with the deep pockets of corporate brands; at retail stores, prime shelf space comes at a price, and we couldn’t
When was the last time a social media platform made you feel positive about yourself? As much as we don’t want to admit it, most of us spend our days doomscrolling, which can have a negative impact on our self-esteem. The simplest solution would be logging off, but you can’t escape social media forever. For Gen Z and Gen Alpha, social media often shapes who you are, as high social media usage is often linked to low self-esteem for young women. 17-year twins Avril Piera and Paris Ofe know about
Airtel Africa Foundation has announced the launch of its ‘Tech For Her’ Program, an initiative giving young women across Zambia, Uganda, and Kenya skills in tech. The philanthropic arm of Airtel Africa plc will help women gain the necessary knowledge to thrive in industries such as Linux Administration, Cybersecurity, and Data Analytics. Those eligible to take part in the program will complete over 100 hours of intensive training through a flexible learning model that includes weekend classes for working professionals and weekday sessions for non-working participants. The initiative aligns with
Career growth doesn’t end in your 30s or even in your 40s. While it’s easy to assume that major professional milestones are reserved for the young, the reality tells a different story. This year’s Forbes 50 Over 50 list is a testament to that, spotlighting leaders and entrepreneurs who have reached new heights later in life. Among them are Black women who have not only broken barriers but have remained at the top of their game more than 25 years into their careers. Here are four Black women who made
NAACP Image Award-nominated author Sabrina Lamb has launched Wekeza, an app that allows users to receive financial education in different languages. Users will be able to access US stocks in languages including English, French, Swahili, Hausa, Wolof, Zulu, and Haitian Creole, serving communities in the African diaspora across the US. “We learn to invest better when education speaks our language and honors our culture, Lamb says in a press release. Wekeza connects deeply with the African Diaspora experience, breaking down barriers to generational wealth,” she adds. Investing in your mother tongue
Join our Patreon for extra-long episodes and ad-free content: https://www.patreon.com/techish This week, Techish host Michael Berhane teams up with TechCrunch reporter Dominic-Madori Davis to break down why Silicon Valley is leaning into the intense 996 work culture. They also dive into Black beauty brands like Ami Colé struggling to stay afloat. Flo’s privacy trial, and Mira Murati’s $2 billion seed round. And for the Patreon subscribers: why the Tea app is in hot water and the dark side of tech’s H-1B visas. Chapters 00:43 Silicon Valley Embraces Controversial 996 Workweek07:11 Black-Owned
Rachel Allen, Ebony Cochran, and Jessie Hayes are creating a business school to close the racial wealth gap that hinders Black female entrepreneurs. Detroit has one of the highest concentrations of Black women–owned businesses in the US, but these women will often struggle to access the same financial capital as their white peers. Allen, Cochran, and Hayes are all successful Black entrepreneurs, but they don’t want to leave other Black people behind. “We’ve waited long enough to be invited to spaces that weren’t built with us in mind,” Cochran said.
The Black Founders Matter Fund is eyeing a second fund after fully deploying capital from its first. Launched in 2019, the early-stage fund invests in Black and other underrepresented founders building solutions in sectors such as health, wealth, and economic mobility. Managing Director Himalaya Rao-Potlapally says the experience has offered critical insights, not just for the fund’s strategy, but for how the venture ecosystem can better serve founders long term. Investing in Black startups Black Founders Matter began to gain traction in 2020, coinciding with the resurgence of the Black
Willa’s Books and Vinyl, one of the oldest-operating Black-owned bookstores in Missouri, is about to get a makeover thanks to The Kansas City Defender. The bookstore will transform into a public archive and the new headquarters of KC Defender, a nonprofit digital startup that produces news, digital tools, and public services for Black people across the Midwest. Willa’s struggled with financial troubles, asking for help from supporters across Kansas City so it could remain open. Nina Kerrs, a Mutual Aid organizer with The Kansas City Defender and other team members, started
