Industry Changemakers and Black Stakeholders from African Diaspora Establish Global Intellectual Network as Solution to Africa’s Brain Drain
Special to Txas Metro News
HOUSTON- Africa’s booming youth quake and projected 2.5 billion people by 2050 have put the continent in the global spotlight. Africa is a force shaping the future worldwide, driven by a rising generation of emerging trendsetters in fashion, music, and technology, and powered by the richest gold and natural minerals. This cultural phenomenon sets the foundation for AFRICA’s BRAIN BANK®, a centralized digital repository of Africa’s most gifted intellectuals, who will address stopping Africa’s brain drain at the 6th Annual Summit and Charity Gala from August 28, through September 1, 2025, at the New York Marriott at the Brooklyn Bridge.
Visionary founder and CEO, Her Royal Highness, Rev. Dr. Pamela Fomunung, describes AFRICA’S BRAIN BANK® as an innovative platform designed to showcase Africa’s expertise. With a mission to end Africa’s brain drain by reducing talent migration, the ultimate goal is to unite the continent and its diaspora through cross-continent collaboration, knowledge sharing, and access to resources and education. Rev. Dr. Fomunung, has redefined Africa’s brain drain to include the inaccessibility of Africa’s brain power and intellectual capital to other African descendants.
Africa has the youngest and fastest-growing population in the world with the average age of 18 years. The continent is motivated to retain its demographic of youthful exuberant innovators. “I’m advocating for youth empowerment, globalization and collaboration, and a deeper understanding and appreciation of Africa’s homegrown talent,” Dr. Fomunung stated, who believes that AFRICA’s BRAIN BANK® has transformative leaders in engineering, manufacturing, technology, and other industries to create global opportunities in Africa for its youth.
Africa is faced with losing its brightest minds to migration. The impact of this ongoing brain drain is increasing during a time when Africa needs its intellectual capital to stay. Data and research firm Statista, reports that in 2020, 41 million Africans emigrated from their home countries in search of better opportunities.
Global consultants, McKinsey & Company, believes that Africa is the “next frontier”, due to its digital landscape in telecommunications and AI, potentially boosting Africa’s economy in 2030 up to $1.5 trillion. Africa’s consumer spending will exceed $3 trillion by 2030, and Africa’s middle class will soar to 1.1 billion by 2060, surpassing the current US population by three times. Africa’s surge in economic growth and technology, unlocks substantial investment opportunities worldwide.
In response, AFRICA’s BRAIN BANK®, has renewed their commitment to ending this mass exodus of Africa’s talent. “Virtual education opportunities, remote jobs and economic boosts, will reduce the great exodus out of Africa,” Dr. Fomunung said, while recognizing the problem early on and investing at this stage to further success and save lives.
“It will help reduce dangerous immigration practices, like drowning in the Mediterranean Sea, or being eaten by coyotes and other death traps in Central America, in an attempt to enter the U.S. illegally,” Dr. Fomunung explained. “I want the U.S. and the African Diaspora to understand the universal importance of strategic public private partnerships for Africa’s development, growth and future through AFRICA’s BRAIN BANK®,” she said.
Through an immersive five-day event themed, “AFRICA’s BRAIN BANK®, The Solution to Africa’s Brain Drain,” the summit will feature a series of solution-driven events focused on ending Africa’s biggest problem – brain drain and knowledge sharing, in addition to networking sessions, and cultural celebrations. The 6th Annual AFRICA’s BRAIN BANK® Summit & Charity Gala will also serve as a creative platform for building global partnerships and advancing opportunities across Africa and among inquiring businesses in the United States.
Key Events for the AFRICA’s BRAIN BANK® 6th Annual Summit & Charity Gala include:
- Thursday, Aug. 28 An intimate Welcome Reception
- Friday, Aug. 29 Business-to-Investor-to-Business Market
- Saturday, Aug. 30 Red Carpet, Summit & Awards Gala
- Sunday, Aug. 31 Billionaire Breakfast Brunch
“This summit is a powerful moment,” said Richard Mofe-Damijo (RMD), Global Ambassador of AFRICA’s BRAIN BANK®. He continued, “With over 55 nations and diasporas coming together, we have a meaningful opportunity to shape Africa’s future. A moment to build, unite, and leave a lasting impact.”
The 6th Annual AFRICA’s BRAIN BANK® Summit & Charity Gala is open to the public. For registration and ticket information, and a full list of over 20 expert panelists, and schedules, visit:
https://africasbrainbank.ticketspice.com/africas-brain-banks-6th-annual-summit-charity-ball
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