One of Kenya’s most internationally recognised figures joins the ownership group of the basketball club.

NBA Africa is moving the Basketball Africa League to permanent, privately owned franchises, with initial bids of more than $50 million reported from six countries.

A South African franchise changed ownership last week in a deal signed in May, structured in Mauritius and approved in New Delhi.

Team PRONC signed its entry during E1's Monaco race weekend at the Yacht Club de Monaco, according to a statement. It becomes the latest addition to a grid whose ownership roster is heavily weighted toward celebrity investors, including LeBron James, Tom Brady, Rafael Nadal and Didier Drogba.

He had the billions, the blueprint, and the badge on his wall. The only thing standing between Africa's richest man and Arsenal Football Club was a $20 billion refinery in Lagos, Nigeria.

The launch positions Kaizer Chiefs within a growing cohort of African clubs formalizing women's teams, as governance bodies, sponsors, and clubs increasingly converge around the commercial and developmental potential of the women's game.

A key figure behind the Toronto Raptors’ 2019 NBA title, has joined the ownership group of the Toronto Tempo, Canada’s first Women’s National Basketball Association (WNBA) franchise, as a Principal Owner.

Silverbacks already holds a significant minority stake in the Cape Town Tigers, a team that has competed for three seasons in the Basketball Africa League.

The portfolio which includes a $26 million development in partnership with Zaria Group (co-founded by Toronto Raptors president Masai Ujiri). The hospitality and development company has a project in Kigali, Rwanda.

The Nigerian global music star enters through her company, The Leading Vibe, reinforcing a growing trend of cross-industry capital flowing into professional football. Her investment is made in partnership with Pave Investments, the African private investment firm that previously participated in the 2021 investment into NBA Africa.