The African-Caribbean community’s youthfulness is also noteworthy—70% are Gen Z to Gen X voters. Coupled with trade opportunities such as the African Growth and Opportunity Act (AGOA), the African Continental Free Trade Area, and the Caribbean Basin Initiative, Michigan’s African-Caribbean population is strategically positioned to lead new industries and create urban economies.

The politics of the 21st century is no longer defined by rigid party affiliations. Instead, it is increasingly driven by interests shaped by geopolitical strategies and economic imperatives. For states like Michigan and its urban cities, the focus must shift toward creating larger trade relationships with Sub-Saharan Africa to unlock untapped economic potential, generate jobs, and build sustainable communities. This requires political leadership that prioritizes global engagement over partisan divides.

If the world is pouring investments into Africa, why aren’t Africans investing in the world? This critical question highlights the need for a proactive approach to unlock the untapped economic power of the African and Caribbean diaspora. Michigan, with its industrial legacy and diverse communities, has the potential to become a leader in global economic integration. The proposed Michigan Growth Improvement Act could serve as a catalyst for this transformation.

The next 30 years will demand forward-thinking strategies to adapt to an increasingly interconnected global economy. Digital connectivity is key to this transformation. With robust technological infrastructure, we can streamline trade processes, foster collaboration across continents, and empower businesses in both Michigan and the Caribbean to thrive.

By fostering trade and investment with Africa, Michigan’s leaders can not only boost the state’s economy but also contribute to a broader national strategy that supports democratic governance, economic stability, and sustainable development in Africa. This creates goodwill, strengthens alliances, and positions the U.S. as a reliable partner in Africa’s growth story.

Africa’s resources and market potential can provide Black communities in America with opportunities to create wealth and economic mobility. For example, imagine Black-led businesses importing critical minerals like lithium from Africa to support the production of batteries for electric vehicles. Such partnerships could create jobs and establish a strong economic pipeline that empowers Black communities in cities like Detroit, Inkster, and Atlanta.

Africa is a sleeping economic giant, bursting with untapped potential and opportunities. Comprising 54 nations, this continent boasts youthful demographics, abundant natural resources, and an expanding consumer market. Over 50% of Africa’s population is under 20 years old, making it a hub for innovation and growth. With the largest reserves of critical minerals like cobalt, chromium, and platinum, Africa is not only a supplier of raw materials but a pivotal player in global industries.

A revered thought leader and advocate for economic empowerment, Akindele Akinyemi has consistently delivered impactful solutions that bridge gaps in economic equity. With a career spanning over two decades, he has cultivated an unparalleled understanding of the unique challenges and opportunities facing African and Caribbean business owners in the U.S. His ability to design and implement strategies that drive measurable outcomes positions him to elevate The GABA Marketplace Center to new heights.

The Global African Business Association (GABA) and the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) are proud to announce the signing of a landmark Memorandum of Understanding (MOU) solidifying a shared commitment to fostering economic partnerships between Nigeria and the State of Michigan. This agreement, formalized during the ongoing NACCIMA-GABA Trade Mission in Michigan, represents a major milestone in strengthening trade, investment, and economic ties between the two regions