U.S Black Chambers' Ron Busby on empowering black-owned businesses

The 2017 Essence Festival Durban Business Conference has brought together a panel of esteemed business leaders to discuss the vital topic of promoting growth and competitiveness of black-owned businesses. Among the speakers at the event was Ron Busby, President of the U.S. Black Chambers. In an exclusive interview with CNBC Africa, Busby highlighted the importance of fostering collaboration between black businesses in America and Africa. He emphasized the shared challenges faced by black entrepreneurs on both continents and the need for strategic partnerships to drive prosperity and growth. Busby announced plans to sign a memorandum of understanding with the Durban Chamber of Commerce, solidifying a commitment to leveraging each other's strengths and best practices for mutual benefit. The key theme underscored throughout the conversation was the collective effort to empower black-owned businesses through innovative collaborations and resource sharing. This vision extends beyond borders, as Busby revealed discussions with Chinese Chamber of Commerce to further enhance opportunities for growth and sustainability. The proposed trilateral partnership aims to bridge gaps in access to resources and capital, ultimately fostering a conducive environment for black businesses to thrive. The initiatives discussed signify a concerted effort to improve competitiveness for black-owned businesses and drive economic empowerment on a global scale.