Game Changers : Black Owned Bank receives 8,000 new bank accounts and $1 million in 5 days

There are 21 African American owned banks with assets totaling approximately $4.7 billion or approximately 0.43 percent of African America’s $1.3 trillion in buying power. In 1994, there were 54 African American owned banks according to the FDIC. Now, there are 21.

In other words 99% of Black Americans put their money in Non Black Banks

Goal push that to at least 15% of Black spending Power

or $150 billion dollars

http://www.usatoday.com/story/money/2016/07/15/black-owned-banks-credit-unions/87118624/

10 Largest Black owned Banks

  1. ONE UNITED BANK

https://www.oneunited.com/

In the past two years, we have financed over $100 million in loans – most in low to moderate income communities such as South Central, Compton, Liberty City and Roxbury. However, we never participated in subprime lending. We have always experienced low loan losses.

Our growth has been through acquiring community banks across the country that are equally dedicated to our mission including – Founders National Bank of Los Angeles, Family Savings Bank in Los Angeles, California, Boston Bank of Commerce in Boston,Massachusetts and People’s National Bank of Commerce in Miami, Florida.

Locations – Los Angeles, Miami, Boston

Founded: August 02, 1982

FDIC Region: New York

Assets: $590 624 000

2. SEAWAY BANK & TRUST COMPANY

http://www.seawaybank.us/

Location: Chicago, Illinois

Founded: January 02, 1965

FDIC Region: Chicago

Assets: $573,168, 000

 

 

3. LIBERTY BANK & TRUST COMPANY

http://www.libertybank.net/

Liberty, one of the nation’s largest African-American-owned banks, has 20 branches in four states, including locations in Kansas, Mississippi, Louisiana and Texas. The Douglass National deal raises Liberty’s asset base to $545 million. 

 

Locations: New Orleans, Louisiana | Baton Rouge-Louisiana | Kansas City, Missouri | Dallas, Texas

Founded: November 16, 1972

FDIC Region: Dallas

Assets: $545,019,000

 

5. CITIZENS TRUST BANK

http://www.carverstatebank.com/

Location: Atlanta, Georgia

Founded: June 18, 1921

FDIC Region: Atlanta

Assets: $392 286 000

6. BROADWAY FEDERAL BANK FSB

http://www.broadwayfederalbank.com/

Location: Los Angeles, California | Inglewood, CA

Founded: February 26, 1947

FDIC Region: San Francisco

Assets: $385 055 000

7. CITY NB OF NEW JERSEY

https://www.citynatbank.com/

 

Location: Newark, New Jersey

Founded: June 11, 1973

FDIC Region: New York

Assets: $340 301 000

8. INDUSTRIAL BANK

http://www.industrial-bank.com/

 

Location: Washington, DC

Founded: August 18, 1934

FDIC Region: New York

Assets: $342 524 000

9. MECHANICS & FARMERS BANK

https://www.mfbonline.com/main/index2.html

 

 

Location: Durham, North Carolina

Founded: March 01, 1908

FDIC Region: Atlanta

Assets: $304,809,000

 

Advertisements

Racism At its worst PW Botha's Rubicon Speech

THE FOLLOWING is a speech made by former South African President P.W. Botha to his Cabinet. This reprint was written by David G. Mailu for the Sunday Times, a South African newspaper, dated August 18, 1985.

“Pretoria has been made by the White mind for the White man. We are not obliged even the least to try to prove to anybody and to the Blacks that we are superior people. We have demonstrated that to the Blacks in a thousand and one ways. The Republic of South Africa that we know of today has not been created by wishful thinking. We have created it at the expense of intelligence, sweat and blood. Were they Afrikaners who tried to eliminate the Australian Aborigines? Are they Afrikaners who discriminate against Blacks and call them Nigge*rs in the States? Were they Afrikaners who started the slave trade? Where is the Black man appreciated? England discriminates against its Black and their “Sus” law is out to discipline the Blacks. Canada, France, Russia, and Japan all play their discrimination too. Why in the hell then is so much noise made about us? Why are they biased against us? I am simply trying to prove to you all that there is nothing unusual we are doing that the so called civilized worlds are not doing. We are simply an honest people who have come out aloud with a clear philosophy of how we want to live our own White life.

We do not pretend like other Whites that we like Blacks. The fact that, Blacks look like human beings and act like human beings do not necessarily make them sensible human beings. Hedgehogs are not porcupines and lizards are not crocodiles simply because they look alike. If God wanted us to be equal to the Blacks, he would have created us all of a uniform colour and intellect. But he created us differently: Whites, Blacks, Yellow, Rulers and the ruled. Intellectually, we are superior to the Blacks; that has been proven beyond any reasonable doubt over the years. I believe that the Afrikaner is an honest, God fearing person, who has demonstrated practically the right way of being. Nevertheless, it is comforting to know that behind the scenes, Europe, America, Canada, Australia -and all others are behind us in spite of what they say. For diplomatic relations, we all know what language should be used and where. To prove my point, Comrades, does anyone of you know a White country without an investment or interest in South Africa? Who buys our gold? Who buys our diamonds? Who trades with us? Who is helping us develop other nuclear weapon? The very truth is that we are their people and they are our people. It’s a big secret. The strength of our economy is backed by America, Britain, and Germany. It is our strong conviction, therefore, that the Black is the raw material for the White man. So Brothers and Sisters, let us join hands together to fight against this Black devil. I appeal to all Afrikaners to come out with any creative means of fighting this war. Surely God cannot forsake his own people whom we are. By now every one of us has seen it practically that the Blacks cannot rule themselves. Give them guns and they will kill each other. They are good in nothing else but making noise, dancing, marrying many wives and indulging in sex. Let us all accept that the Black man is the symbol of poverty, mental inferiority, laziness and emotional incompetence. Isn’t it plausible, therefore that the White man is created to rule the Black man? Come to think of what would happen one day if you woke up and on the throne sat a Kaff*ir! Can you imagine what would happen to our women? Does anyone of you believe that the Blacks can rule this country?

Hence, we have good reasons to let them all-the Mandelas-rot in prison, and I think we should be commended for having kept them alive in spite of what we have at hand with which to finish them off. I wish to announce a number of new strategies that should be put to use to destroy this Black bug. We should now make use of the chemical weapon. Priority number one, we should not by all means allow any more increases of the Black population lest we be choked very soon. I have exciting news that our scientists have come with an efficient stuff. I am sending out more researchers to the field to identify as many venues as possible where the chemical weapons could be employed to combat any further population increases. The hospital is a very strategic opening, for example and should be fully utilized. The food supply channel should be used. We have developed excellent slow killing poisons and fertility destroyers. Our only fear is in case such stuff came in to their hands as they are bound to start using it against us if you care to think of the many Blacks working for us in our houses.

However, we are doing the best we can to make sure that the stuff remains strictly in our hands. Secondly, most Blacks are vulnerable to money inducements. I have set aside a special fund to exploit this venue. The old trick of divide and rule is still very valid today. Our experts should work day and night to set the Black man against his fellowman. His inferior sense of morals can be exploited beautifully. And here is a creature that lacks foresight. There is a need for us to combat him in long term projections that he cannot suspect. The average Black does not plan his life beyond a year: that stance, for example, should be exploited. My special department is already working round the clock to come out with a long-term operation blueprint. I am also sending a special request to all Afrikaner mothers to double their birth rate. It may be necessary too to set up a population boom industry by putting up centres where we employ and support fully White young men and women to produce children for the nation. We are also investigating the merit of uterus rentals as a possible means of speeding up the growth of our population through surrogate mothers.

For the time being, we should also engage a higher gear to make sure that Black men are separated from their women and fines imposed upon married wives who bear illegitimate children. I have a committee working on finding better methods of inciting Blacks against each other and encouraging murders among themselves. Murder cases among Blacks should bear very little punishment in order to encourage them.

My scientists have come up with a drug that could be smuggled into their brews to effect slow poisoning results and fertility destruction. Working through drinks and manufacturing of soft drinks geared to the Blacks, could promote the channels of reducing their population. Ours is not a war that we can use the atomic bomb to destroy the Blacks, so we must use our intelligence to affect this. The person-to-person encounter can be very effective.

As the records show that the Black man is dying to go to bed with the White woman, here is our unique opportunity. Our Sex Mercenary Squad should go out and camouflage with Apartheid Fighters while doing their operations quietly administering slow killing poison and fertility destroyers to those Blacks they thus befriend. We are modifying the Sex Mercenary Squad by introducing White men who should go for the militant Black woman and any other vulnerable Black woman. We have received a new supply of prostitutes from Europe and America who are desperate and too keen to take up the appointments.

My latest appeal is that the maternity hospital operations should be intensified. We are not paying those people to help bring Black babies to this world but to eliminate them on the very delivery moment. If this department worked very efficiently, a great deal could be achieved.

My Government has set aside a special fund for erecting more covert hospitals and clinics to promote this programme. Money can do anything for you. So while we have it, we should make the best use of it. In the meantime my beloved White citizens, do not take to heart what the world says, and don’t be ashamed of being called racists. I do not mind being called the architect and King of Apartheid. I shall not become a monkey simply because someone has called me a monkey. I will still remain your bright star,

His Excellency Botha. ”

Example of crazy Apartheid laws

1. Nonwhite people had to be indoors by 9pm

2. Only started to get television in 1976 and you needed a license to get one

3. Werent allowed to drink wine if you were Black eventhough the most of the vinyard workers were Black

4. If you were Japanese or Taiwanese you could get honorary White status. However if you from those groups and born in South Africa you would be considered Coloured

5. If you were Black you weren’t allowed to start your own business

White Sandton

Nearby Alexandria Township

Photo: Kids crossing river

Nigeria and Ghana Hope to Gain Millions for Development Through Space Programs

As the US space program loses momentum with the retirement of the space shuttle, those of Ghana and Nigeria are just taking off.

Though neither country has yet launched people into orbit, both are utilizing the technology they have developed from their space agencies to help people on the ground.

Nigeria founded its National Space Research and Development Agency (NASRDA) in 1999 with the intent of using and developing space technology that would translate into socio-economic benefits for the population at large. It launched its first satellite in 2003.

The country has made great strides in satellite technology in the past decade with the establishment of NigComSat, an independent company charged with managing the commercial and business operations of communication satellites.

With the help of the Chinese, NigComSat launched NigComSat-1R in December 2011. It is a hybrid geostationary satellite with a 15-year lifespan that has provided improved and cost-effective wireless and internet coverage for Nigerians.

Not only has NigComSat-1R expanded opportunities for broadcast companies, but the government of Nigeria estimates that $10m (£6.5m) can be made from direct-to-home TV initiatives made possible by the satellite.

NigeriaSat-2 and NigeriaSat-X, launched in August 2011 from the Dnepr rocket in Russia, provide high-resolution and medium-resolution satellite images that allow Nigeria to tap into a whole new set of commercial opportunities.

Nigerian needs

UK-based Surrey Satellite Technology (SSTL) built NigeriaSat-2 while Nigerian engineers looked on, and then they built NigeriaSat-X under the supervision of SSTL.

“Nigeria has been the best example of SSTL’s training programs,” says SSTL’s head of earth observation and science, Luis Gomes.

“The country has a long and well-defined road map of its space programs and embodies the vision to use space technology for the benefit of the Nigerian people both by providing information to help manage the country and by providing a focus for the training of engineers and scientists.”

Mr Gomes says NASRDA wanted to ensure both satellites were designed with the needs of the Nigerian people in mind – to monitor food production, deforestation and natural disasters, and map remote areas.

Ghana is not far behind Nigeria in Africa’s space race.

In May, the country launched the Ghana Space Science and Technology Centre (GSSTC) to plan programs in space science and technology that directly relate to the development of the country.

Much like Nigeria, Ghana wants to use its space center to look at natural-resource management, weather forecasting, agriculture and national security.

Though the center currently has only 10 employees, GSSTC hopes to build its human capacity by partnering with the Space Generation Advisory Council branch in Ghana (SGAC-Ghana), which seeks to engage university students and young professionals in collaborations related to space exploration and its applications.

SGAC-Ghana’s Michael Afful says: “We have already embarked on outreach programs in various secondary and tertiary schools, tours to interesting scientific sites, and we have also created interesting competitions to spark the minds of young space enthusiasts.”

Ghana is reinforcing the work of SGAC and the Space Science and Technology Centre by offering scholarships in maths and science and free laptops to students and teachers.

Out of 53 participating countries, Ghana has been elected to chair the Commission on Science and Technology for Sustainable Development in the South (Comsats).

And with its new role, the country has promised to set aside 1% of its gross domestic product to support research in science and technology and continue joint efforts in space exploration with South Africa and other Comsats countries.

As Nigeria continues to capitalize on its current satellite technology and Ghana begins to tap into its potential, the sky appears to be the limit for these two West African space programs.

Source: BBC

The World’s Most Profitable Stock Markets Are in Africa

The Egyptian stock market has emerged the most appreciating stock market in the world for the just concluded year, as investors were rewarded with a 49.56 percent yield-to-date return on investment from the Egyptian Exchange (EGX).

Meristem Research, a financial market consultancy firm, reports that the Kenyan stock market came second with a 39.32 percent YTD return on investment.

The Nigerian and Ghanaian bourses followed with a 35.45 percent appreciation, while the South African market returned a 23.81 percent profit to investors.

The rise of the Egyptian stock market which plummeted in capitalization by almost 50 percent in 2011 as a result of protracted economic and civil unrest, has been largely tied to prospective political progress in the country.

Local and foreign investors have plunged belief and funds in the market following a seemingly continuing calm at the end of the revolution that saw its former president Hosni Mubarak ousted.

However, the economic outlook of the country is uncertain. Massive unemployment persists, with fresh crisis erupting fueled by religious disagreement over the new constitutional make up.

The government has sought foreign aid from the World Bank and several countries, with confidence that the funds will boost investor confidence in the economy and help drive growth.

According to BusinessDay, the US Dow Jones Average closed the year with YTD of 6.40 percent, NASDAQ Composite Index 13.95 percent, UK FTSE All Share Index 8.61 percent, France FAC 40 Index 14.80 percent and German Dax Index, 29 percent.

YTD from China’s Hang Seng was 23.90 percent, India BSE 30 index 25.82 percent and Japan Nikkei 225, 22.94 percent…

Read More: ventures-africa.com