Monthly Archives: August 2013

The HBCU Money™ Weekly Market Watch


Our Money Matters /\ August 30, 2013

A weekly snapshot of African American owned public companies and HBCU Money™ tracked African stock exchanges.

NAME TICKER PRICE (GAIN/LOSS %)

African American Publicly Traded Companies

Citizens Bancshares Georgia (CZBS) $6.49 (0.00% UNCH)

Radio One (ROIA) $2.28 (0.87% DN)

African Stock Exchanges

Bourse Regionale des Valeurs Mobilieres (BRVM)  201.95 (0.06% UP)

Botswana Stock Exchange (BSE)  8 495.30 (0.15% UP)

Ghana Stock Exchange (GSE)  1 989.55 (65.83% UP)*

Nairobi Stock Exchange (NSE)  119.96 (N/A)

Johannesburg Stock Exchange (JSE) 42 228.34 (0.47% DN)

International Stock Exchanges

New York Stock Exchange (NYSE) 9 279.46 (0.39% DN)

London Stock Exchange (LSE)  3 410.43 (1.01% DN)

Tokyo Stock Exchange (TOPIX)  1 106.05 (0.94% DN)

Commodities

Gold 1 395.00 (1.25% DN)

Oil 107.79 (0.93% DN)

*Ghana Stock Exchange shows current year to date movement. All others daily.

All quotes reported as of 2:00 PM Eastern Time Zone

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Currencies Of The African Diaspora – Rwanda


The franc became the currency of Rwanda in 1916, when Belgium occupied the previously German colony and the Belgian Congo franc replaced the German East African rupie. Rwanda used the currency of Belgian Congo until 1960, when the Rwanda and Burundi franc was introduced. Rwanda began issuing its own francs in 1964. There are plans to introduce a common currency, a new East African shilling, for the five member states of the East African community.

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Source: Wikipedia

Webometrics’ 2013 Top 20 African Diaspora Colleges & Universities


HBCU Money™ presents the Top 20 ranked African Diaspora colleges and universities. The rankings are based on the world rankings from Webometrics, an initiative of the Cybermetrics Lab, a research group belonging to the Consejo Superior de Investigaciones Científicas (CSIC), the largest public research body in Spain.

HIGHLIGHTS:

  • 9 of the 20 colleges and universities come from South Africa.
  • African American colleges & universities come in second with 4 of the 20 colleges and universities present on the list.
  • No African Diaspora colleges or universities are present in the top 100 in Webometrics’ world rankings.

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Below are the objective and methodology per the Webometrics website:

Objective: The original aim of the Ranking was to promote Web publication. Supporting Open Access initiatives, electronic access to scientific publications and to other academic material are our primary targets. However web indicators are very useful for ranking purposes too as they are not based on number of visits or page design but on the global performance and visibility of the universities.

Methodology: The Webometrics is the largest academic ranking of Higher Education Institutions. Since 2004 and every six months an independent, objective, free, open scientific exercise is performed by the Cybermetrics Lab (Spanish National Research Council, CSIC) for the providing reliable, multidimensional, updated and useful information about the performance of universities from all over the world based on their web presence and impact.

COLLEGE/UNIVERSITY – WORLD RANK – COUNTRY

  1. University of Kwazulu Natal – 381 – South Africa
  2. University of Cape Town – 391 – South Africa
  3. Stellenbosch University – 462 – South Africa
  4. Makerere University – 696 – Uganda
  5. University of the Witwatersrand – 719 – South Africa
  6. University of Pretoria – 746 – South Africa
  7. Howard University – 753 – United States
  8. University of the Western Cape – 834 – South Africa
  9. Obafemi Awolowo University – 1113 – Nigeria
  10. Rhodes University – 1191 – South Africa
  11. Cairo University – 1206 – Egypt
  12. University of Dar Es Salaam – 1419 – Tanzania
  13. Norfolk State University – 1531 – United States
  14. University of South Africa – 1545 – South Africa
  15. Florida A&M University – 1557 – United States
  16. American University in Cairo – 1574 – Egypt
  17. Hampton University – 1581 – United States
  18. University of Nairobi – 1624 – Kenya
  19. Mansoura University – 1699 – Egypt
  20. University of Johannesburg – 1749 – South Africa

Source: Webometrics

The HBCU Endowment Feature – Albany State University


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School Name: Albany State University

Median Cost of Attendance: $17 982

Undergraduate Population: 4 187

Endowment Needed: $1 505 812 640

Analysis: Albany State University needs approximately an endowment of $1.5 billion for all of its undergraduates to attend debt free. It is located in Georgia’s eighth largest city which boast a population of almost 80 000 according to the last census. Albany is also a city where the African American population comprises over 70 percent of the population. The school’s current endowment is only 1 percent of the needed endowment. This is a note of concern given Albany State University has the second highest reported student loan debt per graduates in the SIAC and 90 percent of their graduates have some sort of student loan debt. The 90 percent is actually in line with the HBCU average, but still 35 percent above the national average. Being located in the southwestern part of Georgia gives the school geographic advantage to the panhandle of Florida for recruitment opportunities. Opportunities abound for Albany State University, but key to them will be finding a way to get alumni connected in such a way that their endowment is doubling every year for the next ten years. Otherwise, they will continue to be on the list of schools to watch and we have already seen in Georgia that merger talk is never far away.

As always it should be noted that endowments provide a myriad of subsidies to the university for everything from scholarship, faculty & administration salaries, research, and much more.

HBCU Money™ Business Book Feature – The First Word: The Search for the Origins of Language


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The first popular book to recount the exciting, very recent developments in tracing the origins of language, The First Word is at the forefront of a controversial, compelling new field. Acclaimed science writer Christine Kenneally explains how a relatively small group of scientists that include Noam Chomsky and Steven Pinker assembled the astounding narrative of how the fundamental process of evolution produced a linguistic ape?in other words, us. Infused with the wonder of discovery, this vital and engrossing book offers us all a better understanding of the story of humankind.