Former US President Obama Purchases Minority Stake in NBA Africa
Voice of America
Former U.S. president Barack Obama has purchased a minority share of NBA Africa, the National Basketball Association announced Tuesday.
NBA Africa was established this year to oversee the league’s business activities on the continent. The NBA said in a statement that Obama is a strategic partner and would use any profits from the new entity to “fund Obama Foundation youth and leadership programs across Africa.” NBA Africa was created in May as a partnership between the NBA and the International Basketball Federation. The Basketball Africa League, the continent’s first professional basketball league featuring top teams from 12 countries, is part of the entity.Young women and their coach Dioguinho bring it in for a team huddle at the start of a football training session run by the Bola de Ouro social program, at the Complexo da Alemao favela in Rio de Janeiro, Brazil, May 16, 2024. Agatha strikes a ball during a football training session run by the Bola de Ouro social program, at the Complexo da Alemao favela in Rio de Janeiro, Brazil, May 16, 2024. Relatives watch a football training session for young women run by the Bola de Ouro social program at the Complexo da Alemao favela in Rio de Janeiro, Brazil, May 16, 2024.
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