Former President Barack Obama joins NBA Africa as strategic partner
27th July 2021
In May, Helios Fairfax Partners led the formation investment round in a newly formed entity called NBA Africa, in partnership with the National Basketball Association (the “NBA”). The NBA announced today that former US President Barack Obama is joining NBA Africa as a strategic partner. President Obama will help advance the league’s social responsibility efforts across the continent, including programs and partnerships that support greater gender equality and economic inclusion. In this capacity, President Obama will have a minority equity stake in the new venture, which over time he intends to use to fund Obama Foundation youth and leadership programs across Africa. Read the NBA's press release here.