Category Archives: Business

Forty-four countries sign historic African Union free trade agreement

African countries are set to put their signature to an agreement that will launch the African Continental Free Trade Area (AfCFTA) in Kigali, Rwanda, on Wednesday.

The UN Economic Commission for Africa (UNECA) has estimated the agreement’s implementation could increase intra-African trade by 52 percent by 2022, compared with trade levels in 2010.

Here’s what you need to know about the biggest trade agreement signed since the World Trade Organisation (WTO) was established.

What is AfCFTA?

African heads of government agreed to establish a continental free trade area in 2012 and started negotiations in 2015.

The agreement is set to be signed by all 55 member states of the African Union, bringing together 1.2 billion people with a combined gross domestic product (GDP) of more than $2 trillion.

The draft agreement commits countries to removing tariffs on 90 percent of goods, with 10 percent of “sensitive items” to be phased in later.

Read more about the momentous news

Didi plans charging stations for electric vehicles

China is kicking America’s butt. They have five and ten year plans to do stuff. What plans do we have? USA better get on the ball and stop laying on yesterday. The world is not waiting for us anymore.

Ride-hailing giant Didi Chuxing on Thursday announced a new joint venture to roll out charging networks for electric vehicles, aimed at attaining a firm foothold in the country’s booming new energy car market.

Source: Didi plans charging stations for electric vehicles

AACCNJ Small Business Showcase


Small Business Showcase
Sharing information on technical support for small businesses and highlighting local restaurants in Trenton.
Who: African American Chamber of Commerce of New Jersey (AACCNJ)
What: Businesses presenting information about what they offer
Where: Lighthouse Outreach Ministry, 715 Bellevue Ave., Trenton
When: Wednesday, November 8, 5:30 PM – 8:30 PM
Why: To inform, increase awareness, share information, link resources and provide opportunities for small business owners and public to connect.
Additional event details:
FREE and Open to the Public
Participating Businesses:
S.C.O.R.E.
IFEL – Institute for Entrepreneurial Leadership
UCEDC – Resources and Solutions for Small Business
TD Bank
Jersey Flight Football
Event Sponsors:
Verizon
Wells Fargo
AACCNJ’s Mission:
The African American Chamber of Commerce of New Jersey, Inc., (AACCNJ) is dedicated to economically empowering and sustaining African American communities through entrepreneurship and capitalistic activities within the State of New Jersey and via interaction with the National Black Chamber of Commerce, Inc. (NBCC). The AACCNJ has been incorporated as a 501(c)(3) in accordance with the Internal Revenue Code and provides advocacy and support for businesses throughout the State of New Jersey.

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Editorial #2 – We Need A Seat At The Table

“If you don’t have a seat at the table you are probably on the menu”.

Back in the day when we didn’t have many choices but to serve, we were told to build a table. So we built a table and some chairs. When we were done we were sent back to our place. We never sat at the table.

It was at the table where so much was decided. Our futures were decided at that table. War and peace was decided at that table. That table saw and decided the path the country would follow. But we never sat at that table. We served it. We heard everything that went on, whether we understood it or not.

But we never had a seat.

Come up to today and there are many tables where we still don’t have a seat.

Do you realize there are thousands of boards, commissions, tribunals, committees, authorities, regulatory bodies, courts, chambers etc. all over the state? Most of these we have never heard anything about. But these bodies dole out millions, nay billions of dollars every year and we don’t know what they’re doing or who they are giving money to.

One thing we know, our communities are not getting any better financially. They are spending $300 million on renovating the state house while saying they will give Trenton $18 million for various projects. Imagine if they spent that $300 million on Trenton and the $18 million on the state house how much different out city would look.

We need seats at the tables where decisions are made as to who get these public funds. I was at a New Jersey Economic Development Authority meeting a few months back. They gave out about $100 million that day. But none to any Black faces.

Sometimes there a African Americans on these Boards but I question whether they are there to represent the Black community or do they think they are there to represent the entire state. I want people who will represent and fight to get our communities and our businesses funds to improve our lot.

It doesn’t seem as though the distribution of wealth has come home to us. This has got to change. We pay our just share of taxes to the state coffers. We need to get our just share of wealth coming back to us.

At the moment, we don’t have the businesses and other structures to utilize all the funds due us. But that’s because of past injustices. The injustices have been long and painful. It has to stop.

Our plan is to sit in on every commission and board and authority and court session brought to order in New Jersey. We intend to bring together a mass of volunteers who will spread out and join in every ‘sit-down’ in the state.

We are going to have a seat at the table. It may not be an official seat but we will know what is going on and we will report back to the community who got what and for what. We’ll also say if there were people who looked like us who actually represented us or they were there for the status quo.

Enough is enough. We may get a Democrat for governor in November. If we do I want to know what he is going to do for us. We’ve supported democrats for ages and now it’s time for them to support us with the same fervor.

So if you are tired of being tired we’ll need your help to do this. We have to roll up our sleeves and dig in. We can, we must do this. The future well-being of our children and grandchildren rests with what we do now.

I’m not easy on me and I’m not going to be easy on you. We have a job to do.

Like Michael said, ‘take a look in the mirror and make a change’.

“Up you mighty race, you can accomplish what you will” Marcus Mosiah Garvey

Black-Owned Handbag Company Kicks Off National Black College Tour to Promote Their HBCU themed Custom Clutch Purses to Female Students and Alumni

Husband and wife team, Quinn Conyers and Isa Abdul-Raheem, are going on a 6-city HBCU tour to promote their unique handbags to female students and alumni.

Black Sorority members and graduates of HBCUs will soon have a sophisticated alternative to showcase their college spirit after custom clutch company, Purse Paparazzi, announced a plan to launch a custom HBCU collection.

Purse Paparazzi offers an assortment of unique, stylish and edgy clutches for every occasion. But the company is mostly known for its creative purses catering to the historical Divine Nine Sororities including Alpha Kappa Alpha, Delta Sigma Theta, Zeta Phi Beta and Sigma Gamma Rho Sorority Incorporated. As licensed vendors for each organization, the company offers their unique custom clutches on their website and at various events and conferences hosted by each sorority.

The new HBCU line will capture the essence and pride of women who attend or graduated from Historically Black Colleges or Universities. Purse Paparazzi is already licensed with Bowie State University and plans are afoot to add an additional 10 HBCU’s to the custom clutch collection.

Purse Paparazzi is owned by husband and wife team, Quinn Conyers and Isa Abdul-Raheem. Quinn is a proud Howard University graduate and Isa is a proud Eagle alumni from Coppin State University in Baltimore MD.

Questioned about the motivation for introducing the new collection, Conyers explained: “Our motivation for the new HBCU line comes from the pride and esteem many Blacks/Africans have regarding their HBCU. The HBCU clutch collection is our way of showing our school pride and expanding our unique brand.”

The HBCU collection will be launched during a Homecoming tour in Fall 2017. For further information or to submit a custom order, visit www.PursePaparazzi.com.

 

About Purse Paparazzi:
The Purse Paparazzi was founded by husband and wife team Quinn Conyers and Isa Abdul-Raheem. The company specializes in custom purses and clutches for women in organizations or who share a common interest.

 

PRESS CONTACT:
Quinn Conyers
quinn@thepursepaparazzi.com
443-449-4148

Source: Black-Owned Handbag Company Kicks Off National Black College Tour to Promote Their HBCU themed Custom Clutch Purses to Female Students and Alumni

Massive credit bureau hack raises troubling questions

This is extremely serious for you. Check out the Equifax credit bureau to find out if your credit information has been compromised. If it has explore the options you have open to you. Equifax is offering monitoring for those who have been affected.

It could be the worst-ever data breach for American consumers, exposing some of the most sensitive data for a vast number of US households.

 

Source: Massive credit bureau hack raises troubling questions

The death of the internal combustion engine

“HUMAN inventiveness…has still not found a mechanical process to replace horses as the propulsion for vehicles,” lamented Le Petit Journal, a French newspaper, in December 1893. Its answer was to organise the Paris-Rouen race for horseless carriages, held the following July. The 102 entrants included vehicles powered by steam, petrol, electricity, compressed air and hydraulics. Only 21 qualified for the 126km (78-mile) race, which attracted huge crowds. The clear winner was the internal combustion engine. Over the next century it would go on to power industry and change the world.

But its days are numbered. Rapid gains in battery technology favour electric motors instead (see Briefing). In Paris in 1894 not a single electric car made it to the starting line, partly because they needed battery-replacement stations every 30km or so. Today’s electric cars, powered by lithium-ion batteries, can do much better. The Chevy Bolt has a range of 383km; Tesla fans recently drove a Model S more than 1,000km on a single charge.

Source: The death of the internal combustion engine

Also See: https://www.thestar.com/business/2017/07/07/volvos-decision-to-go-electric-should-spark-industry-change-wells.html

https://www.thestar.com/business/2017/07/05/volvo-to-ditch-combustion-engines-switch-to-electric-by-2019.html

South Korea’s first Black model faces racism in a nation where white people are ‘welcomed with open arms’

Han, 16, has a Nigerian father in a society where racial discrimination is widespread and people of mixed race are commonly referred to as “mongrels”.

“A dark-skinned fashion model like Han was unheard of in South Korea, so recruiting him was a big gamble,” said agent Youn Bum.

Now Han is posing for top glossy magazines as the country’s first black fashion model.

South Korea has for years sought to foster the image of a modern, sophisticated and tech-savvy nation whose pop culture has made waves across Asia.

But behind the facade of an economic and cultural powerhouse lies a deeply rooted racism – even as its immigrant population creeps up, doubling over the last decade but still only four per cent of the population.

Source: South Korea’s first black model faces racism in a nation where white people are ‘welcomed with open arms’ 

Floyd Mayweather Jr.: I’ve Paid the IRS $26,000,000

 

Floyd “Money” Mayweather wants to make it clear that he isn’t ducking paying his taxes. In fact, the undefeated fighter, who is set to take on the Great White Hope in August, claims that he paid the IRS $26 million in 2015.

Source: Floyd Mayweather Jr.: I’ve Paid the IRS $26,000,000

This Grocery Bag Won’t Hurt Animals — It Actually Feeds Them

I had no idea I was taking that much life. I will endeavor to use much less plastic from now on. This makes me so sad. KK

China, for example, banned bags thinner than .025 millimeters in 2008 and annual plastic bag use dropped by 40 billion. Ireland, meanwhile, imposed a 15 cent fee on retailers for each plastic bag and use fell by 94%.

Read More: France Is the First Country to Ban Plastic Cups, Plates, and Cutlery

But these bans are the exception. Plastic bags still reign without interference all around the world and the amount of plastic waste generated is only rising.

Source: This Grocery Bag Won’t Hurt Animals — It Actually Feeds Them