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How America’s Wealthiest Black Families Invest Money

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AFRICANGLOBE - The gaps in wealth and income between white and Black Americans are stark – and haven’t narrowed significantly in 50 years. There are even big gaps among Black and white business owners. According to data from the Federal Reserve Board’s Survey of Consumer Finances (SCF), white Americans’ median incomes were 70% higher than Black Americans’ in 2010. Overall net worth was 7.9 times larger for white Americans.

Nigeria Sovereign Wealth Fund Appoints Investment Firms To Manage Stabilization Fund

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AFRICANGLOBE - Nigerian Sovereign Wealth Fund (SWF) says it has appointed three investment firms, Goldman Sachs, UBS and Credit Suisse as assets managers for its 20 percent stabilization fund.
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