Black Business News

project-image-thumbOur US service provides real-time and forward-looking news on corporate events (M&A, debt instruments, IPOs and LBOs), cross-border trade, legislative and regulatory coverage and commodity-specific intelligence. BBN will focus on the United States’ 200 most dynamic African American companies and help promote both inbound and outbound cross-border investment and M&A by Black Businesses.

Global HQ – Washington DC Anacostia
Bureaus-  Atlanta, Georgia; Birmingham, Alabama; Detroit, Michigan; Compton, CA; Chicago, Illinois; New Orleans, LA; Dallas, TX; New York City, NY; and Memphis, TN, Chartotte, North Carolina; San Juan, Puerto Rico, and Port au Prince, Haiti.

CI VIEW: Shinnecock Indian Nation open to partnership/JV with India’s Amity University over US campus, Tribal Ambassador Gumbs says

WASHINGTON, DC/WHITE SULPHUR SPRINGS, WV (BBN) – The Shinnecock Indian Nation of Southhampton, New York is more than willing to partner with New Delhi, India-based  Amity Education Group‘s  new US university campus based  Oakdale, Long Island, says Lance A. Gumbs, Shinnecock nation Tribal Ambassador and National Congress of American Indians (NCAI) Vice President, Northeast Region..

[Shinnecock Indian Nation Tribal Ambassador and National Congress of American Indians Vice President Northeast Region Lance A. Gumbs speaks to Capitol Intelligence/BBN using CI Glass on partnership with Amity University’s  Oakdale campus in Long, Island. Washington, DC. February 15, 2018]

In autumn 2016, Amity Education purchased the 170-acre former campus of St. John’s University in Oakdale for USD 22.5m but has since then struggled to win New York State accreditation to operate its first university campus in the United States and North America.
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Capitol Intelligence Africa
Regional HQ, HQ & Bureau locations

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We supply in depth and actionable intelligence and forward looking news for the entire African continent.

CI Africa’s regional headquarters will be Johannesburg and Tunis with a bureau network in Abuja, Nigeria; Algiers, Algeria;  Abidjan, Cote D’Ivoire; and Addis Ababa for full coverage of North, East, West, and Southern Africa.

Pan-African service will provide real-time and forward-looking news on corporate events (M&A, debt instruments, IPOs and LBOs), cross-border M&A, legislative and regulatory coverage and commodity-specific intelligence.

 

CI VIEW: Cote D’Ivoire seeks to further diversify dependence on cocoa; VP says UPDATE

WASHINGTON/MILAN (CI Africa) – (Update on February 10, 2018 to add interview with US Congressman Charlie Dent (R-PA) on possible merger between The Hershey Company (NYSE: HSY) and Ferrero) Cote D’Ivoire, the Western African nation, is seeking to build on its success of diversifying its economy from cocoa production and dependence on major chocolate producers, Cote D’Ivoire Prime Minister (now Vice President)  Daniel Kablan Duncan and local industrialist Jean-Louis Billon.

[Cote’d Ivoire Vice President (ex-PM) Daniel Kablan Duncan and Trade and SME Minister Jean Louis Billon interviewed by Capitol Intelligence using CI Glass during the US-Africa Leaders Summit in DC, August 7, 2014]

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CI VIEW: Jeff Bezos faces ire of Detroit’s Gilbert, Baltimore’s Pugh, PG’s Baker for AmazonHQ2 snub UPDATE

BALTIMORE/WASHINGTON, DC (BBN) (Updated on February 23, 2018 to add comments by Michigan Governor Rick Snyder) — Amazon.com, Inc. (NASDAQ:AMZN) founder and CEO Jeff Bezos is facing the wrath of Detroit’s Quicken Loans Founder and Chairman Dan Gilbert, Baltimore Mayor Catherine Pugh and Prince George’s County County Executive Rushern Baker, III for having dropped America’s most dynamic urban growth markets in favor of suburban Northern Virginia and Montgomery County, Maryland for its planned second headquarters.

[Quicken Loans and Rock Ventures LLC Founder and Chairman Dan Gilbert speaks to Capitol Intelligence/BBN using CI Glass on Amazon Second Headquarters and hosting the Democratic or Republican National Convention in Detroit The Economic Club of Washington, DC. Jan. 30, 2018]

Speaking with Capitol Intelligence/BBN following an interview by Carlyle Group co-Founder and Co-Chairman David Rubenstein at the Economic Club of Washington, DC, Quicken Loans founder and CEO Dan Gilbert said he plans to personally raise the issue with Bezos over Detroit’s exclusion from AmazonHQ2 top twenty shortlist.

According to Amazon’s pitch document, the new Amazon headquarters would create 93,000 direct and indirect jobs; a capital investment of USD 3.1 bn; and an estimated 233,000 annual hotel nights by Amazon employees.

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CI VIEW: US infrastructure under Trump the Builder is world’s greatest emerging market investment, Carlyle co-CEO UPDATE

WASHINGTON/BALTIMORE/WHITE SULPHUR SPRINGS, WV (BBN)  (Update on Feb. 11, 2018 to add comments from senior White House officials) — President Donald Trump proposed USD 1.5 trillion US infrastructure investment fund may rank him among the great builders of America:  President Abraham Lincoln with the Transcontinental Railroad; Theodore Roosevelt and the Panama Canal ; and the US Highway Interstate System of General Dwight D. Eisenhower, according to US House Transportation and Infrastructure Committee Chairman Bill Shuster (R-PA).  

Key domestic and foreign players such as Washington, DC-based The Carlyle Group and Melbourne, Australia’s Transurban Group (ASX:TCL) have taken pole position while  New York’s Blackstone, KKR and Guggenheim Partners play catch up.  

[The Carlyle Group co-CEO Glenn Youngkin on why US Infrastructure is “greatest emerging market opportunity” in the world at America’s Infrastructure Summit: A Time to Modernize at US Chamber of Commerce in Washington, DC. January 18, 2018]

The Carlyle Group co-Chief Executive Officer Glenn Youngkin said he always tells major foreign funds who love to invest in emerging markets that the “greatest  emerging market opportunity around the world today is to invest in US infrastructure.  Rule of law, accountability of a work force, the dependability of construction and we have such a nascent industry investing in something which is our greatest need . This is why we are getting so excited.”

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Capitol Intelligence MENA
Regional HQ, HQ & Bureau locations

project-image-thumb4Supplying in-depth and actionable intelligence and forward looking news on financial, regulatory, commodity and political risk for Middle East and North Africa with special attention to gateway markets such as Tunisia and Jordan for the growth markets of Libya, Algeria, Iraq and Oman.

Financial industry research teams based in Amman and Tunis compile, in cooperation with staff based in MENA, a full database of critical financial information (M&A, debt, P&L, company info and top officers) and relevant regulatory/legislative documents.

HQ – Tunis, Tunisia and Amman, Jordan
Regional HQ – Baghdad, Iraq; Tripoli, Libya; and Muscat, Oman.
Bureaus – Basra, Iraq; Erbil, Iraq; Alexandria, Egypt; Benghazi, Libya; Riyadh, Saudi Arabia; Teheran; Muscat Oman; Manama, Bahrain; and Abu Dhabi, UAE.

CI VIEW: Tunisia’s El Fouladh steel group M&A target for ThyssenKrupp, Tenaris Marcegaglia at WEF Davos

WASHINGTON/BIZERTE/WHITE SULPHUR SPRINGS, WV (CI MENA) –The Tunisian state-owned Societe Tunisiene de Siderugie ElFouladh steel group is a perfect takeover target for specialty steel groups such as Essen, Germany-based Thyssenkrupp AG (ETR: TKA) or Italian-Brazilian giant Tenaris (NYSE: TS); Tunisian Member of Parliament and the highest elected official of Bizerte Ali Belakhoua said.

[White House National Security Advisor Lt. General H.R. McMaster speaks to Capitol Intelligence using CI Glass on Overseas Private Investment Corporation at Center for Strategic and International Studies event on the NSC at 70 years in Washington, DC. October 10, 2017]

The sale of Societe Tunisiene de Siderugie ElFouladh to ThyssenKrupp could well be on the cards after Thyssenkrupp CEO Heinrich Hiesinger dined with President Donald J. Trump on January 25, 2018 along with White House National Security Council Adviser Lt. General H.R. McMaster at the World Economic Forum in Davos, Switzerland.

President Trump has made private sector investment in areas threatened by ISIS/Al Qaeda terrorism a “national security priority” and whose policy is being carried out by General McMaster through Commerce Secretary Wilbur Ross and Overseas Private Investment Corporation (OPIC) headed by Dallas native, Ray Washburne.

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CI VIEW: Intel CEO Brian Krzanich seen resigning after AWOL at US Senate Committee hearing

WASHINGTON (BBN) – Intel Corporation (NASDAQ: INTC) Chief Executive Officer Brian Krzanich resignation may be imminent after the embattled CEO failed to attend a US Senate Commerce, Science and Transportation Committee hearing in Washington DC today.

[U.S. Senate Commerce, Science and Transportation Chairman US Senator John Thune (R-SD) speaks to Capitol Intelligence using CI Glass on why Intel Corporation Chief Executive Brian Krzanich failed to testify at a Field Hearing at the Washington Auto Show in Washington DC. Jan. 24, 2018.]

Intel Corporation media relations declined to respond to an email inquiry on the exact nature of Krzanich’s scheduling conflict or whether the executive is about to resign as Intel CEO.  Krzanich was listed as a witness for the hearing as of January 19, 2018, according to the Reuter’s Daybook.

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Capitol Intelligence Greater Central Asia
Regional HQ, HQ & Bureau locations

project-image-thumb3We supply in depth and actionable intelligence and forward looking news on financial, regulatory, commodity and political risk for Greater Central Asia comprising of Pakistan, Kazakhstan, Afghanistan, Uzbekistan, Turkmenistan, Georgia, Azerbaijan, Tajikstan, Tatarstan (Russian Federation), and Kyrgyzstan. The entity will maintain main editorial operations in Almaty and Islamabad, with commercial operations to based in Karachi or Lahore and Kazan.

Greater Central Asia editorial service will be based in with regional offices to be determined. The focus of coverage will be both listed and privately held companies and the development of an interface for the emerging natural resource sector.

Kazahstan

Regional HQ: Almaty

Pakistan

Regional HQ- Islamabad
Bureau – Karachi and Lahore

Afghanistan

Regional HQ- Kabul
Bureau – Herat and Kandahar

Russian Federation

Regional HQ- Kazan, Russia

CI VIEW: President Trump uses American business to woo Kazakhstan President Nursultan Nazarbayev

WASHINGTON, DC (CI GCA) – President Donald J. Trump deftly used American business to woo Kazakhstan President Nursultan Nazarbayev to act as the “honest broker” in the new Great Game between the United States and rivals Russia and China.

[President of Kazakhstan HE Nursultan Nazarbayev filmed by Capitol Intelligence/Greater Central Asia (GCA) using CI Glass being honored by US Chamber of Commerce President and CEO Thomas J. Donohue following Oval meeting with President Donald J. Trump at the USCC in Washington, DC. January 16, 2018]

The Trump White House had the official state visit of President Nursultan Nazarbayev held under the auspices of US Commerce Secretary Wilbur Ross and Overseas Private Investment Corporation (OPIC) President and CEO Ray W. Washburne rather than Secretary of State Rex Tillerson and US Defense Secretary General Jim Mattis.

President of Kazakhstan Nazarbayev visit was awarded with USD 7bn in commercial and bilateral deals at a reception and signing ceremony hosted the US Chamber of Commerce President and CEO Thomas J. Donohue with American blue chip companies such as IBM (NYSE: IBM), General Electric (NYSE:GE), Pfizer (NYSE: PFE), John Deere (NYSE:DE), W.R. Grace & Co (NYSE: GRA), Chevron Corporation (NYSE:CVX).

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CI VIEW: SmartCEO – Fear, Loathing, Failure and Charlottesville UPDATE

BALTIMORE/CHARLOTTESVILLE (BBN) — (Update on January 14, 2018 to add news of SmartCEO founder Craig Burris Chapter 7 bankruptcy filing and interview with SmartCEO founding editor David Callahan) The rise and fall of Baltimore-based EMI Media, INC. d/b/a SmartCEO – the 15-year-old event and business magazine – is a glaring example of the contrast between the downward mobility of white flight suburbs and the resurgence of urban economies in the United States.

[National Association for the Advancement of Colored People (NAACP) Interim President and CEO Derrick Johnson speaks to Capitol Intelligence/BBN using CI Glass on opportunity gap following speech to National Press Club of Washington, DC. August 29, 2017]

The contrast of the fortunes of urban economies to those of the suburbs can be seen in the rise and fall of SmartCEO and its founder, former suburban Bel Air, Maryland resident Craig Burris.  In less than a year, the 50-plus year-old Burris saw his fortunes rise to circa USD 40m before crashing down to personal and corporate bankruptcy and facing the real risk of imprisonment for fraud, embezzlement and larceny.

On January 11, 2018, Craig Burris filed Chapter 7 personal bankruptcy at the United States Bankruptcy Court for the District Maryland in Baltimore claiming to owe between USD 500,000 to USD 1m in debts, of which most incurred by EMI Media Inc, d/b/a SmartCEO.

However, the rising fortunes of our urban centers has breed a level of hostility, fear and prejudice in the once affluent suburbs not seen since the Boston school busing desegregation protests of the 1970s.

The most shocking images from Charlottesville was not the violence between neo-Nazis and the radical left, but the previous night’s torchlight procession of well-dressed suburban millennial males — filmed and reported by Elle Reeve of Vice News — chanting: “You will not replace us. Jews will not replace us. Blood and soil. Whose streets? Our streets! White lives matter.”

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