Barack Obama joins NBA Africa as minority owner

NY Post

Wednesday, July 28, 2021 02:22:18 PM UTC

Former President Barack Obama has taken a minority stake in the National Basketball Association’s Africa business, joining as a strategic partner.

The NBA launched its Africa business, which oversees the Basketball Africa League, in May. NBA Commissioner Adam Silver has said it’s valued at nearly $1 billion. The league said Obama will use his stake in NBA Africa to fund the Obama Foundation youth and leadership programs across Africa.

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