It was a rare and historic development for the newly inaugurated East-West Africa Amalgamation (EWAA) as its coffers was enriched with $10 billion investment fund from the very first few hours of it being birthed on the Africa continent.

This record investment in the future of the newly-created regional organisation was made by the National Black Chamber of Commerce, United States of America (USA). This historic gesture was recorded in Addis Ababa, Ethiopia at the inaugural of East -West Africa Amalgamation.

The new movement is designed to unlock Africa’s tourism, aviation, trade, commerce, and investment potential in propelling Africa’s economy development to a greater and sustainable height.

Tagged East-West Africa Amalgamation Through Tourism, Trade and Creative Arts, the new initiative is being curated and promoted by Otunba Wanle Akinboboye’s Motherland Beckons and IPADA Initiatives, in partnership Accelerating Africa’s Growth Connect (AAGC), and Nigeria Association of Chambers of Commerce, Mines, Industry and Agriculture (NACCIMA).

The President of the National Black Chamber of Commerce (NBCC), USA, Mr. Charles Debow got the Abyssinia hall of the prestigious Ethiopia Skyline Hotel in Bole District, Addis Ababa, Ethiopia that was filled to its brim by dignitaries from across the world, who have gathered for the outing, on their feet and in celebration mood, when he made the announcement of the $10bn investment fund dedicated for the funding of businesses and trade in the continent, was greeted with loud ovation.

Debow said the investment fund gesture was a move away from the old tradition of talking and making unfulfilled promises to an era of practical and concrete action; moving away from conversation to actualising the dream of EWAA through laid out action plans and transactions. The investment fund, he disclosed is to open investments and partnerships in the regions, and all over Africa and the Caribbean, for individuals, organisations and governments. In addition to the investment fund, the National Black Chamber of Commerce through its President, Debow, also announced the immediate opportunity of connecting individuals, organisations and governments in East-West Africa Amalgamation (EWAA), to 200 Chambers of Commerce networks spread across the United States of America and Canada.

This new wave of development aligned with the actualisation of the dream of the Founder of Motherland Beckons and IPADA Initiatives, Otunba Wanle Akinboboye, who through the years, have worked assiduously on his pet project of Continent Building through different activations.

The latest being the birth of IPADA Initiatives, which two years ago inaugurated IPADA Celebrations, a mass movement of people and lovers of Africa from across the world to Africa to celebrate the beauty of the continent through tourism and investing in businesses to change the dynamics of the continent’s development paradigm.

The Convener of EWAA, Akinboboye commended the President of NBCC and the organisation for the huge investment FUND meant for projects in Africa and the Caribbean.

He called on individuals and organisations present at the event to make pitches for part of the investment fund for their projects, noting that it is going to be action immediately, and “no more talk.”

Some of the ongoing projects to be funded through the investment fund include those in Wolaita zone, and Wolyta Soddo, where La Campagne Tropicana Agro Ecotourism has taken off, with a huge investment in land areas and agreements already in place;

La Campagne Agro-Eco Heritage Resorts and Farms in Taraba State, Nigeria and the Caribbean; and the about to take-off projects between La Campagne and the Ekiti State Government, Nigeria.
… different MoUs signed.

An indication that it was time for action as earlier canvassed by NBCC’s President and Akinboboye, were the pitches made on the spot by different individuals and organisations for a number of projects, with over 20 Memoranda of Understanding (MoU) signed.

As part of his individual support, Akinboboye made investment running into hundreds of dollars in different organisations at the event.