Africapitalism: A New Era of African-led Economic Development

A Movement Championed by Tony Elumelu

Africa’s economic rise presents a golden opportunity for African American entrepreneurs to connect, invest, and expand businesses across the continent.

With thriving industries in technology, real estate, fintech, e-commerce, and agribusiness, there’s never been a better time to explore Africapitalism. A movement championed by Tony Elumelu that emphasizes African-led economic development.

Whether you're looking to relocate, invest, or collaborate, this guide breaks down the best ways to engage with Africa’s business ecosystem.

1️⃣ Network with African Business Communities & Organizations

One of the fastest ways to build relationships and find business opportunities in Africa is through existing organizations that connect the diaspora with African entrepreneurs.

Top Organizations for African American Entrepreneurs:

🔹 Tony Elumelu Foundation (TEF) (tonyelumelufoundation.org) – A major supporter of African startups, providing funding, mentorship, and networking for African entrepreneurs. African Americans can collaborate as mentors, investors, or business partners.

🔹 African Diaspora Network (ADN) (africandiasporanetwork.org) – A platform for African Americans and African entrepreneurs to connect, trade, and build partnerships.

For an immersive experience, register for ADIS25, where you'll have the opportunity to connect with members of the diaspora from around the world and engage in a vibrant celebration of African culture.

🔹 Africa Business Forum (africabusinessforum.com) – A major event series connecting African entrepreneurs, investors, and diasporans to lucrative business opportunities.

🔹 United Bank for Africa (UBA) Diaspora Banking (ubagroup.com) – Offers banking solutions for African Americans looking to invest in African businesses or real estate.

Photo: UBA RedTV series Premiere

🔹 Chambers of Commerce in Africa – Many African nations have American Chambers of Commerce that help U.S. businesses expand into the continent.

2️⃣ Attend Business & Investment Summits in Africa

Attending African business expos, investment forums, and tech summits allows you to meet investors, policymakers, and entrepreneurs face-to-face.

Best Events to Attend:

📌 Africa Investment Forum (AIF) – Connects international investors with high-impact African projects. (www.afdb.org)

📌 AfroTech Africa & Diaspora Summits – Bridges Black entrepreneurs worldwide with tech and business leaders in Africa.

📌 Nigeria’s Lagos Startup Week & Ghana Tech Summit – Ideal for digital entrepreneurs looking to expand into Africa’s fast-growing tech scene.

📌 GUBA Awards & Expo – A UK-based platform that connects African Americans with African markets and investment opportunities.

Unbelievable Moments and the GUBA Awards 2023

3️⃣ Explore Business & Investment Opportunities

Africa is one of the fastest-growing investment regions. African Americans can tap into real estate, e-commerce, fintech, agribusiness, and renewable energy.

Profitable Sectors for Diaspora Entrepreneurs:

🔹 Startups & Venture Capital – African startups need capital and mentorship. Investors can fund fintech, agribusiness, and AI-powered platforms.

🔹 Diaspora Bonds & Real Estate – Some African nations offer diaspora investment bonds and land purchasing programs.

🔹 E-commerce & Import/Export – Africa’s booming digital economy is a great opportunity for American entrepreneurs to sell U.S. goods to African markets.

🔹 Tech & Remote Work – Hire African tech talent, outsource projects, or launch African-based remote work hubs.

Image Source: Grid Dynamics

"While Silicon Valley has traditionally been viewed as the epicenter of tech innovation, Africa is quickly emerging as a significant player in the global tech scene with many startups, innovation hubs, and tech. According to a report by Disrupt Africa, the number of tech hubs in Africa has grown by over 40% in the past two years alone. " - Tunga

4️⃣ Leverage Government & Private Sector Programs

African American entrepreneurs can benefit from African-led programs that promote diaspora investment.

✅ African Continental Free Trade Area (AfCFTA) – The world’s largest free trade zone, allowing easier business transactions between African nations.

✅ Corporate Council on Africa –  the leading U.S. business association focused solely on connecting business interests in Africa.

5️⃣ Connect Digitally: Online Networking & Business Platforms

🔷 Diaspora-Focused Podcasts & YouTube Channels – Tune into Tayo Aina, African Business Stories, and The Diaspora Dialogues Podcast for insights on doing business in Africa.

🔷 Facebook Groups – Join groups like "Black Americans Investing in Africa" and other diaspora entrepreneur communities.

Final Thoughts: Africa is Open for Business!

African American entrepreneurs have an unprecedented opportunity to build wealth, expand businesses, and create impact in Africa. By leveraging networks, government programs, investment opportunities, and tech-driven markets, you can establish meaningful business partnerships on the continent.

Would you consider doing business in Africa? What opportunities interest you most? Drop a comment!