NBA forms new endeavor in Africa with backing from Mutombo, other stars

The NBA announced Monday the formation of NBA Africa, a new entity that will conduct all business on the continent, including the recently launched Basketball Africa League (BAL).

Investors include Hall of Fame center Dikembe Mutombo, seven-time All-Star Grant Hill, and 2014 Defensive Player of the Year Joakim Noah.

"This is a historic day for basketball in Africa, and I'm honored to join this special group of leaders who are committed to the continent and to using the game to improve people's lives," Mutombo said in a statement. "I'm fortunate to have been among the first players from Africa to make an impact in the NBA, and because of the commitment of these individuals, countless more players will have the opportunity to follow in my footsteps in the years ahead."

NBA Africa will use its funds to continue to grow the BAL and the sport itself on the continent, among other efforts.

The NBA held its first Basketball Without Borders camp in Africa 18 years ago, which provided young players with an opportunity to be scouted.

"Today's announcement is the result of many years of investment and on-the-ground work to grow the game of basketball in Africa and a recognition of the enormous opportunities ahead for the NBA on the continent," NBA commissioner Adam Silver said. "We believe that basketball can become a top sport across Africa over the next decade, and I look forward to working closely with our investors to make that goal a reality."