Skip to content Skip to sidebar Skip to footer

Finance

HomeAll Posts...Finance
Close

Igniting Prosperity: Celebrating Black Business Legacies in Our 2022/2023 Annual Report 

November 21, 2023 No Comments

In the vibrant tapestry of Canadian entrepreneurship, our 2022/2023 Annual Report highlights our commitment to fostering Black business legacies, empowerment, resilience, and lasting impact. As we unveil the pages of the report, we’re pleased to share a narrative of triumph, growth, and the relentless pursuit of accelerating generational wealth within the Black community.  Embarking on

Read More »

Smart Money Moves: Loans vs. Grants – Finding Your Path to Financial Success

September 25, 2023 No Comments

Starting and growing a small business in Canada can be a rewarding venture, but it often requires a significant amount of capital. Small business owners often seek financial assistance to cover startup costs, expand operations, or weather unexpected challenges. Securing the right financial support is like choosing the perfect tool for a job – you

Read More »

The Impact of Interest Rate Hike on Canadian Households

August 28, 2023 No Comments

If, as an entrepreneur, you haven’t been following the conversations and monitoring the rise in interest rates at least in the past year or two, you most definitely have been “sleeping at the switch.”  The Bank of Canada increases the interest rate to manage inflation. The central bank raised interest rates seven times in 2022

Read More »

A Journey Unveiled: From Technician to Entrepreneurial Trailblazer

August 28, 2023 No Comments

Meet Pierre Ngombe, a trailblazer who turned a simple idea into a thriving reality. A decade ago, Pierre started a journey that broke norms and built dreams. From a technician to the founder of Gnomer Technology, a precision electronics company with a proven track record of repairing, modifying, and reworking electronics PCBs to IPC standards. 

Read More »

How Your Personal Credit History Can Impact Your Access to Commercial Capital

July 11, 2023 No Comments

Introduction In today’s business landscape, it’s not just your company’s balance sheet or your innovative product that interests potential lenders and investors. There’s a personal element that plays a crucial role in your business’s financial future – your personal credit history. Personal credit history is a record of an individual’s past borrowing and repaying behaviour,

Read More »
Copyright © 2023 by Federation of African Canadian Economics. All rights reserved.

Rob G.C. Sobey

Board Member

Rob G.C. Sobey is a corporate director. Mr. Sobey was the President & Chief Executive Officer of Lawton’s Drug Stores Limited from 2006 until his retirement in 2014 after 25 years with Sobeys. He serves as a director of SeaFort Capital and the Institute of Corporate Directors. Mr. Sobey is Chair of the Sobey Art Foundation, a member of the Queen’s Smith School of Business Advisory Board and serves on several foundation and not-for-profit boards. For his work as an Honorary Colonel of the Canadian Army, Mr. Sobey received a Queen Elizabeth II Diamond Jubilee Medal. He holds an undergraduate from Queen’s University, a Master of Business Administration from Babson College, and the ICD.D designation.

Denburk Reid

Board Member

Denburk Reid is the founder of Montreal Community Care Foundation (MCCF). Its mission is to empower youth by developing their leadership skills by using programs, workshops, and events, and by building bridges between communities. As the founder of MCCF, he beliefs that the youth hold the key to Montreal’s future and over the past eight (8) years, its programs have helped hundreds of Montreal youth stay on track, perform community services as well as set and achieve academic and life goals. The organization seeks to empower youth to become engaged citizens and leaders in their homes, schools, and communities. For the past five (5) years, MCCF celebrates and promotes community engagement across Montreal through the Montreal Community Cares Awards.

Along with his role as the founder of MCCF, Mr. Reid is the Founder of Red Rush Basketball & Red Rush Basketball Leadership. He has a passion for empowering youth and meeting them where they are lends to a successful outcome.

Abdikhier Ahmed​

Board Member

Mr. Ahmed is a recognized community leader in the non-profit sector with specializations in immigration and refugee resettlement, poverty reduction, and community empowerment. A dynamic, highly motivated individual with extensive experience in program development and delivery, providing strategic visioning and leadership. Over 10 years’ experience managing programs for non-profit organizations and working with communities and people from diverse socio-economic and cultural backgrounds both locally as well as internationally. Fluently multi-lingual: speaks and writes English, Swahili, Somali and basic Arabic. This experience help guide Mr. Ahmed when he was in the role of Director of Policy at the Office of Canada’s Minister of Families, Children and Social Development.

Mr. Ahmed is currently the Executive Director of Aurora Family Therapy Centre. Aurora is a progressive, non-profit family therapy centre that offers family therapy on a sliding scale; sees clients through services funded by Manitoba Department of Families and Department of Justice; provides community building groups for Newcomers to Canada; hosts a Psycho-Social Settlement Needs Assessment program for incoming refugees; provides summer youth programming for many newcomer communities; supports its own staff and other agencies through vicarious trauma and resilience programming; develops supportive relationships with community partners, and engages in advocacy for accessible community-based therapy services for all. Aurora is in the process of becoming a Centre of Excellence in providing cross cultural therapy from a systemic lens with a special focus on psychological trauma & recovery and community development.