Black Masterminds Commit to Creating More Billionaires Across African Diaspora
Successful innovators present blueprints for emerging opportunities to stop Africa’s brain drain through development.
New York – World-class business leaders representing industries in finance, technology, and healthcare convened in New York over Labor Day at the Marriott hotel at the Brooklyn Bridge for the 6th Annual Africa’s Brain Bank® Summit and Charity Gala.
With the goal of inspiring US-based entrepreneurs to capitalize on infinite investment possibilities in Africa to create more opportunities to stop African youth from emigrating to other countries, delegates from over 20 nations, including Cameroon, Ghana, Kenya, Congo, Togo, and Nigeria, introduced strategies for building global empires in the US and Africa through untapped development.
“Africa is the final frontier,” says Her Royal Highness (HRH), Rev. Dr. Pamela Fomunung, visionary founder and CEO of Africa’s Brain Bank. “There are over 350 million people in the Africa Diaspora, larger than the United States,” she said.
Africa’s Brain Bank aims to stop brain drain by creating an interactive, digital repository of Africa’s intellectual capital, intellectual property, and brainpower. This virtual “brain bank” allows Africans and all people of African descent to deposit their expertise, experience, and intellect, enabling African governments, leaders, and the diaspora to access and share knowledge, expertise, and common experiences through a global network to assist organizations seeking to invest in Africa’s development.
According to Dr. Fomunung, Africa’s economy is growing as fast as its population with over 1.5 billion people. In less than five years, Africa will represent 20% of the world’s population, transforming the continent into a global economic powerhouse with $3 trillion in consumer spending by 2030.
“There is unlimited potential in Africa for developing the country and building a global business in Africa,” Dr. Fomunung said. “But first, you must do your due diligence and understand what products are preferred by Africans. Also, it’s important to pay African workers like you would your American workers based on their expertise and skillsets,” she said. “Everyone needs to benefit from the wealth.”
Douglas Eze, wealth strategist and author of Creating Generational Wealth and Preserving Generational Wealth, delivered the keynote address, advising entrepreneurs to build and protect their assets in perpetuity.
Eze, who is Nigerian American, is the founder and CEO of Largo Financial. He shared his “common sense” money tips that elevated him from a high school graduate to a money maverick, generating more than $20 million in annual sales with a team of over 600 sales professionals.
“The village is calling,” he said. “Let future generations see that this was the moment where the African Diaspora spoke from just dreaming and started systemically building the prosperous unified future that our ancestors envisioned.”
Adding to a roster of impressive speakers and panelists, Africa’s Brain Bank honored the following individuals for their philanthropy and contributions in stopping Africa’s brain drain in diverse industry sectors:
- His Excellency Dr. Michael K. Obeng, a Ghanian born, Harvard-trained M.D., UN Peace Ambassador, world-renowned Beverly Hills Plastic Surgeon, and CEO of Miko Plastic Surgery
- Claudia Mbah, RN/BSN, FNP-C, Cameroonian American, Founder & CEO of Comfort Paradise Training Institute
- Dr. Vivian Mondo, Founder & CEO of Arise & Shine Health Center
- The Honorable Gloria Bertram-Okoli, Nigerian born, founder and CEO of Ezzy International Group of Companies in Nigerian and Ezzy Nursing School
- Mr. & Mrs. Charles Anchang of Immigrant Magazine in Los Angeles.
- Mrs. Justin Njafur, founder and owner of Spring of Life Health LLC
About Africa’s Brain Bank
Africa’s Brain Bank® is a US registered 501(c)(3) nonprofit organization headquartered in Houston, Texas. Its mission is dedicated to ending Africa’s brain drain by advancing STEM education, agriculture, and food security initiatives. Africa’s Brain Bank is registered in multiple countries, with representatives and affiliates throughout.
Since 2021, the organization has been duly registered in Nigeria, the heartbeat of Africa. The organization is building a transformative digital repository of Africa’s intellectual capital through strategic global partnerships.
Visit africasbrainbank.org for more information on future events, partnerships, and pledges.
