Former President Barack Obama had been linked to NBA Africa for some time – he now owns part of it.
The NBA announced that Obama is now a “strategic partner” and minority owner of NBA Africa, the league’s effort to both grow the game on the continent and promote social responsibility and equality. This includes the Basketball Africa League (BAL), a joint partnership of the NBA and FIBA, which just ended its inaugural season in May with a dozen teams participating (it was won by Zamalek of Egypt).
Obama “will help advance the league’s social responsibility efforts across the continent,” the NBA said in its press release.
“The NBA has always been a great ambassador for the United States – using the game to create deeper connections across the world, and in Africa, basketball has the power to promote opportunity, well-being, l ‘equality and empowerment across the continent,’ Obama said. in a report. “By investing in communities, promoting gender equality and cultivating a love for basketball, I believe NBA Africa can make a difference for so many young Africans.
“I have been impressed by the league’s commitment to Africa, including the leadership shown by so many African players who want to give back to their own countries and communities. This is why I am proud to join the NBA Africa team and look forward to a partnership that benefits the youth of so many countries.
“We have ambitious growth plans for NBA Africa and for President Obama to join our efforts is a recognition that through sport, Africa can take its rightful place on the world stage,” said Victor. Williams, CEO of NBA Africa, in a statement. “We look forward to working with President Obama and our strategic investors to use basketball as an engine of economic growth across the continent and as a platform to improve the health and well-being of one of the world’s most vulnerable populations. youngest and fastest growing in the world. ”
Obama will use any profits from his investment to fund the Obama Foundation’s youth and leadership programs in Africa, the NBA said.