Bako Ambianda Makes 2020 Forbes Africa 30 Under 30 List
By Ndubuisi Micheal Obineme
Forbes Africa has formerly announced it’s annual “30 Under 30” list, featuring 30 young entrepreneurs, leaders and changemakers across Africa. They are the continent’s revolutionary thinkers revitalizing ideas and industries with fresh business models and innovative leadership.
Bako Ambianda, the only Cameroonian, was featured in the 2020 Forbes Africa 30 Under 30 List. Bako is the Founder, Chairman and CEO, Labacorp Group of Companies.
At only 29, Bako Ambianda is an international development expert, author, speaker, philanthropist and entrepreneur.
Over the years, he has successfully built an empire. His business acumen was evident from his high school days, when he would pick mangoes, avocados, and bananas from his backyard at home and sell them in his school’s dormitory for a profit.
After high school, he moved to the US in 2011 to further his studies and began a career in diplomacy at the Maryland State House.
While there, he started his first company with only $850.
Global Attain Advancement is an events organization company, the first instalment to the Labacorp Group.
Through the company, he was exposed to learning the tricks and trades of organizing events and found himself a part of the organizing team for former president, Barack Obama’s Energy Congress.
He later returned to Africa to develop the business and launch other entities.
“When I launched Labacorp Group, I set out a mission that all operations of the group will be rooted in the ‘Afri-developism’ economic concept that I created because I wanted to work relentlessly toward contributing to the development of Africa inspired by the ‘Afri-developism’ concept,” he tells FORBES AFRICA.
Today, the Labacorp group has grown from just housing an events organizing team to owning businesses across manufacturing, power, construction, agribusiness, and exhibition sectors with operations in six countries with 79 employees, and a footprint in Africa, Middle East and North America.
With the offices headquartered in Ghana, Labacorp Industries Limited and a South Korea-based company are setting up a polyethylene terephthalate (PET) bottle waste recycling plant in the country to produce high value-added products such as polyester, staple fiber and geotextile from PET bottle waste.
He has won numerous awards including the Global Business Disruptor 2018 Award by Professional Association of Young Africans (PAYA) and Africa Business Leadership Excellence Award 2018 by African Leadership Magazine.
Every year, Forbes Africa publishes a list of top 30 under 30 young Africans who are doing amazing things for themselves and for their community. The names was sourced from four categories featuring 30 in each: Business, Technology, Creatives and Sports.