Paul Davidson is a Director of Tyfdsai, African Diaspora Business Acquisition Club Limited. A Non Profit company focused on developing the power of the Black Pound and encouraging Black business, entrepreneurship and community development through the development of a Black economic platform. Paul is also the Director of Fresh Start Independence Project which provides housing, support and training for young people in Manchester who require it.
Black economic exclusion: From his experience as an entrepreneur and business owner, Paul reflected on an awareness that he has built up of the lack of participation of Black people in business ownership and economic development. Acutely so in Manchester, the fastest growing city in Europe, where he shared a feeling of disappointment of not seeing other Black community representatives present in key economic development forums. This lack of representation led him to ask the question: Why are we not there?
TYFDSAI and the Black Pound: To answer the question of Black economic exclusion and development, Paul challenges us to examine the value of the Black pound and organise around Black economic development. Through Thank you for Doing Something About It (TYFDSAI), Paul, alongside the African Diaspora Finance Initiative has developed a platform which asks members of the Diaspora to commit £2 week to the worldwide democratic fund which aims to reach a spending power of £2 million pounds a week. The fund will then be invested in growing and creating Black owned businesses in countries around the world.
Job Creation and Community Ethos: Paul argues that Black Lives will continue to not matter as long as the Black Pound and dollar are facing the wrong direction and not directed towards community economic development. Noting that the current organisation of the economy under capitalism fails Black communities, Paul notes that TYFDSAI aims to open up a space to support the Black community in light of these failings by directing the fund’s capital to projects which will create well paid jobs in the community.
Referring to Paul Obinna’s discussion of the Twin Pillars of Consciousness, Paul Davidson noted that this notion of positive consciousness is crucial to TYFDSAI’s core aim of bringing the Black community together, which is reflected in its four key principles which guide the fund in: coming together, staying together, supporting each other and achieving together