Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
Wednesday 28 July 2021 3:04 pm

Barack Obama joins NBA’s African arm as strategic partner and minority shareholder

Obama has also taken a minority stake in NBA Africa as part of his strategic partnership
Obama has also taken a minority stake in NBA Africa as part of his strategic partnership

The National Basketball Association (NBA) has announced that former US president Barack Obama has joined its new African arm as a strategic partner.

The 44th President of the United States will also own a minority stake in NBA Africa, which officials say he intends to use for Obama Foundation projects across the continent.

Obama will help advance the organisation’s social responsibility efforts, including programs and partnerships that support greater gender equality and economic inclusion.

“The NBA has always been a great ambassador for the United States, using the game to create deeper connections around the world, and in Africa, basketball has the power to promote opportunity, wellness, equality, and empowerment across the continent,” said Obama.

NBA Africa runs the Basketball Africa League (BAL), which held its inaugural season in May featuring 12 of the top club teams from 12 African countries.

British-South Sudanese former NBA All-Star Luol Deng is also an investor in the project.

Obama to help NBA expand in Africa

The basketball organisation is focused on expanding its popularity within the African market, an area where European football is still king.

It hopes to continue to grow the sport through initiatives such as Jr. NBA, Basketball Without Borders (BWB) Africa and NBA Academy Africa.

“I’ve 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,” Obama added.

“That’s why I’m proud to join the team at NBA Africa and look forward to a partnership that benefits the youth of so many countries.”

NBA Commissioner Adam Silver said: “We are honoured that President Obama has become a strategic partner in NBA Africa and will support our wide-ranging efforts to grow the game of basketball on the continent.”

Read more

Private equity-backed Ryan breaks with billable hour tradition as AI reshapes sector

Ryan 1083720 in a professional setting, cropped for clarity, showcasing business attire and engaged in a focused discussion

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Life&Style
  • News

Categories

  • Sport

Related Topics

  • Barack Obama
  • NBA basketball
  • Sport business
  • Sports money

Trending Articles

  • Burnham tax plans spark investor rush to bank capital gains

  • Nothing fails to file accounts months after dissolution threat

  • I’ve taken the best train trips in the world. Here are my 5 favourites

  • Cruyff turn: Starmer allows pubs to stay open for England World Cup game

  • Nottingham Forest owner Marinakis announces £210m stadium plans

More from City PM

  • Private equity-backed Ryan breaks with billable hour tradition as AI reshapes sector

    Prof Services
    Ryan 1083720 in a professional setting, cropped for clarity, showcasing business attire and engaged in a focused discussion
  • Kpler Announces Strategic Growth Equity Investment from Sixth Street

    Business Wire
  • Fideres Study Finds TfL Fare Zones Disproportionately Burden Ethnic Minority Commuters

    Business Wire
  • Exclusive: O2 Arena bosses open to hosting another Formula 1 launch event

    Sport Business
    Breaking news event coverage with journalists and cameras capturing a live press conference in a bustling city environment
  • Yokohama F Marinos: City Football Group offloads second club in space of six months

    Sport Business
    A diverse group of business professionals engaged in a dynamic discussion in a modern conference room setting
  • Rehlko and Liebherr Partner on Strategic Capacity Expansion to Support Accelerating Data Center Demand for Resilient Power Solutions

    Business Wire
  • NBA Europe bids fall short of $500m mark for some city franchises

    Sport Business
    GettyImages 2280081301 showing a business conference with diverse attendees engaged in a lively discussion around a table.
  • Real Madrid commit to EuroLeague basketball amid NBA interest after €3bn proposal

    Sport Business
    Business professionals in a meeting, discussing strategy with charts and laptops on a conference table in a modern office ...

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy