The African Diaspora Network Invests In Black American Entrepreneurs

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The African Diaspora Network launched the Accelerating Black Leadership & Entrepreneurship program to deliver the support they typically provide to African entrepreneurs to Black American entrepreneurs. Their inaugural cohort of 16 entrepreneurs kicked off this week.

program is focused on the community in which they live. ABLE is an “enterprise accelerator program designed to strengthen, energize, and support small businesses and nonprofit organizations led by Blacks in the United States.”

Either because Americans expect philanthropy to flow from the United States to Africa or because readers may be aware of historic tensions between African-Americans and Africans living in America, it may be surprising that an initiative to help Black Americans scale up organizations is being led by immigrants from Africa. For Negash, it is not surprising in the least. “I am a contemporary Diasporan, which means that I am an Eritrean-American who came here as an immigrant.

In the last few years, the cultural ties between Africans and Black Americans have tightened. “Before Mr. Floyd was murdered, I had never said anything to my son in terms of ‘be prepared if the police stops you’. Never before, until up to that point. On the other hand, African-Americans have been saying that. It just tells you how the connection is getting deeper and deeper, simply because of the fact that we look alike...

So in the wake of George Floyd’s murder and the subsequent attention on civil rights in the United States, the African Diaspora Network expanded the programming they had developed to connect African entrepreneurs to Silicon Valley investors to now also reach Black entrepreneurs in the United States.

 

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