According to https://www.hollywoodreporter.com/news/wesley-snipes-joins-eddie-murphy-coming-america-sequel-1229821 Wesley Snipes will play a new character General Izzi who is a ruler of a nation close to Zamunda. Arsenio Hall returns as Prince Akeem's best friend Semmi.
Black-ish creator, Kenya Barris, has signed on to write and produce with Craig Brewer directing. Pre-production for the project has started and the film will hit theaters August 7, 2020.