First Benefit Corporation for Africa Forum - September 15, 2021

The US Africa Diaspora Business Collaboration (USADBC) in partnership with GoomDATA Benefit Corporation, Fairfield Management Ltd, Premium Entertainment & Events, and Gabriel Christian & Associates will conduct the first Benefit Corporation for Africa Forum at the UNECA on September 15, 2021.

Benefit Corporation, a ground-breaking legislation first enacted by the state of Maryland in 2010, is a hybrid of for-profit and non-profit models that aims for community benefits as well as profit. Adapting the Benefit Corporation philosophy, Benefit Corporation for Africa (BCA) is conceived to highlight the virtues of the Benefit Corporation model in promoting socially conscious and environmentally sustainable commerce and trade in both Africa and the United States. BCAI has instituted a social business marketing and sales infrastructure to facilitate trade opportunities between US and Africa -- leveraging the power of business to achieve economic success while addressing social and environmental challenges.

H.E. Sahle-Work Zewde, President of the Federal Republic of Ethiopia will deliver the opening remark, which will be followed by H.E. Ambassador Misganu Arga, State Minister for Trade & Industry of Ethiopia. A video greeting from Honorable US Senator Ben Cardin will be screened. Other dignitaries invited include Honorable Mr. Albert H. Machunga, Africa Union Commissioner for Trade & Industry, Ethiopian government officials and leaders from the International Development Communities.

The Benefit for Corporation of Africa Forum will also incorporate a Signing Ceremony of the Profit-Sharing Investment Partnership (PSIP) of Blessed Coffee with representatives and leaders of 500,000 small coffee farmers organized under a Corporative Union. Blessed Coffee is the first prototype of the BCA. In addition, a Signing Ceremony Memorandum of Understanding between the Federal Cooperative Agency (FCA) of Ethiopia. 

Five strategic partners that have established collaboration to support this initiative:

US Africa Diaspora Business Collaboration (USADBC), the champion of Benefit Corporation for Africa Initiative, is an organization HQ in Washington DC and established in 2014, to inspire, educate and support the US-Africa Diaspora entrepreneurs to duplicate the BCA model with other agricultural products from other African Countries. USADBC is joined by the following Strategic Partners to establish the Diaspora Engagement for the Development of Africa (DEDA) and to further introduce and promote BCA in the eight African Regional Economic commissions.

GoomDATA is a recently formed benefit corporation based in California that aims to deliver an array of information and communications technology products and services to customers located in countries throughout Africa. GoomDATA assists its customers in implementing world-class integrated infrastructure solutions based on Public Cloud and cutting-edge networking technologies. Its mission can be summarized as information technology and infrastructure for development, and the development of Africa and its people in particular.

Fairfield Management Ltd, an investment management firm based in Wyoming, USA has joined the Strategic Partnership to develop socially driven investment product and services in support of aspiring US Africa Diaspora entrepreneurs duplicate the BCA model in Africa.

Premium Entertainment & Events operates as a small but effective team of dedicated professionals, backed by a huge international network of freelance specialists handling operations, logistics and content creation by implementing the newest technologies and trends and to ensure the most entertaining and impressive results. With its Head office in Berlin, it is supported by sister offices in Doha and Washington D.C., USA.