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The Black-owned investing guide

Ownership is the part of the culture nobody teaches. This is the working list of Black-owned and Black-led companies you can buy on a public exchange, the offers and listings worth diarising, and a calculator that shows what a steady monthly amount actually builds.

Four steps before your first order

01

Open an account you can actually use

Any regulated brokerage that trades on Nasdaq and the NYSE can buy the US names below. For African and Caribbean listings you need a local broker plus a clearing-house account — NGX needs CSCS, the Jamaica Stock Exchange needs JCSD.

02

Know what you are buying

Most Black-owned listed companies are small. Small companies swing harder in both directions and can be thinly traded, which means the price can move on modest volume. Read the filings before the headlines.

03

Size the position honestly

Conviction is not a position size. Decide the maximum share of your money any single small company can hold before you buy, and keep the rest broad.

04

Buy on a schedule, not on hype

A fixed monthly amount removes the guesswork about timing and keeps you out of screenshot-driven decisions. The calculator below is there to make the arithmetic visible.

The calculator

Education, not a projection of any company's performance.

Ownership builder

Set what you can put in each month and see how ownership could compound. The growth rate is the real 5-year annualised return of the holdings you pick, blended by your split — history, not a forecast.

Growth rate a year
Projected value

$36,627

You put in

$25,000

Growth on top

$11,627

How you split it

Percentages of every contribution, with each holding's own 5-year annualised return from real closing prices. Small companies move harder than the broad market, so most people keep an index sleeve alongside them.

Black-owned media (UONE)return —25% · $9,157 projected
Community banks (BYFC)return —25% · $9,157 projected
Real estate trusts (RLJ)return —20% · $7,325 projected
Broad market index fund (SPY)return —30% · $10,988 projected

Returns are price returns from real closing prices over the last 5 years and exclude dividends, fees and taxes. A holding that did well in the past can lose money next year. This is education, not investment advice.

Black-owned public companies

A company appears here only when its Black ownership, founding or leadership is a matter of public record.

TickerCompanyExchangeSectorWhy it is on the list
UONEUrban OneNasdaqMedia / Radio / CultureBuilt by Cathy Hughes, the first Black woman to head a publicly traded US company.
UONEKUrban One (Class D)NasdaqMedia / Radio / CultureThe non-voting share class of the same company — usually the more liquid line.
BYFCBroadway Financial (City First Bank)NasdaqBanking / Community financeThe largest Black-led minority depository institution in the United States.
CARVCarver BancorpOTCQXBanking / Community financeFounded in Harlem in 1948 to bank communities other lenders would not. Voluntarily left Nasdaq for OTCQX, so there is no live Nasdaq quote.
RLJRLJ Lodging TrustNYSEReal estate / Hotel REITThe hotel REIT founded by BET's Robert L. Johnson.
LOWLowe's CompaniesNYSERetail / Home improvementRun by Marvin Ellison, one of the few Black CEOs of a Fortune 100 company.
EXCExelonNasdaqUtilities / EnergyLed by Calvin Butler, one of the largest utilities in the country by customers served.
IFFInternational Flavors & FragrancesNYSESpecialty ingredientsLed by Frank Clyburn — the flavour and scent science behind food and beauty brands.
SAICSAIC (Science Applications International)NasdaqTechnology / Government servicesLed by Toni Townes-Whitley, a Black woman running a multi-billion-dollar tech contractor.
ATGEAdtalem Global EducationNYSEEducationLed by Steve Beard; its schools graduate a large share of Black nurses and physicians in the US.
Already listed

Urban One

Nasdaq (UONE / UONEK)

Urban One is the radio, digital and TV company built by Cathy Hughes — the first Black woman to head a publicly traded American company. It is one of the few places culture-first Black media shows up as a listed share you can actually buy.

Nasdaq — UONE quote
Already listed

Carver Bancorp

Nasdaq (CARV)

Carver was founded in Harlem in 1948 to serve communities other banks would not. It is one of the small handful of Black-managed banks in the US that ordinary investors can own a piece of on a public exchange.

Nasdaq — CARV quote
Already listed

Broadway Financial Corporation (City First Bank)

Nasdaq (BYFC)

Broadway Financial and City First merged to create the biggest Black-led bank holding company in America, focused on affordable housing and small business lending in underserved neighbourhoods.

Nasdaq — BYFC quote
Already listed

RLJ Lodging Trust

New York Stock Exchange (RLJ)

RLJ is a listed hotel real-estate trust founded by Robert L. Johnson, who built BET and became the first Black American billionaire. It is a working example of moving from media ownership into asset ownership.

NYSE — RLJ quote

Offers and listing dates to diarise

Dates move. Always confirm against the exchange and the official offer document before you move money.

Opening soon

Dangote Petroleum Refinery & Petrochemicals

Africa's largest-ever public offer opens 14 September

Share price:
₦525
Minimum order:
10 shares (₦5,250)
Opens:
14 September 2026
Closes:
13 October 2026
Expected listing:
November 2026, NGX
Open now

Every live Nigerian offer

NGX Invest lists every open Nigerian offer in one place

Portal:
NGX Invest
Covers:
Public offers and rights issues
You need:
A CSCS account and a Nigerian bank account
Expected

Nairobi Securities Exchange pipeline

Kenya keeps signalling a return of new listings

Regulator:
Capital Markets Authority
Status:
Pipeline — no confirmed public dates
Expected

Egypt state divestment programme

Egypt keeps selling slices of state companies to the market

Exchange:
EGX, Cairo
Status:
Rolling programme — watch official announcements
Expected

Johannesburg new-listings pipeline

Africa's deepest market keeps courting new listings

Exchange:
JSE, Johannesburg
Status:
Pipeline — check exchange notices
Expected

Casablanca listings programme

North Africa's most active listings push outside Cairo

Exchange:
Bourse de Casablanca
Status:
Rolling — watch official notices
Open nowBlack-owned

Jamaica Stock Exchange Junior Market

Caribbean-owned companies going public at small-business scale

Board:
Junior Market, Kingston
Who lists:
Locally owned small and mid-size firms
You need:
A JCSD account through a licensed Jamaican broker
Open now

TSX Venture Exchange listings

Where small Canadian companies go public — Toronto's on-ramp

Exchange:
TSXV, Toronto
Who lists:
Early-stage and small-cap companies

Get told when a new listing lands

New Black-owned listings, IPO dates and deadlines, straight to your inbox on Wednesdays.

New listing alerts · SwaggaLIVE MONEY

The Money briefing

IPO dates and deadlines, market updates, and the Black-owned companies subscription guide — sent to you, not buried in a feed. Pick what you want to hear about.

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Investment notice

Swagga MONEY is journalism and education. SwaggaLIVE is not a broker, a dealer or a financial adviser, does not sell shares, does not take orders and does not receive commission on anything covered here. Confirm every figure and every channel against the official offer document, the exchange and your national regulator before you move money. Investing carries the risk of losing what you put in.