The actor and musician already discussed the idea with several cast members.
Writer-director Ryan Coogler is behind the upcoming project.
"The beauty of this project is that we as a diaspora made this film successful – and we’re just getting started as a diaspora," the actress said.
The top award, which the public votes on, was revealed at the 50th NAACP Image Awards.
"Black Panther" director Ryan Coogler will produce the sequel, with "Random Acts of Flyness" creator Terence Nance directing.
The "Black Panther" star's production company, Outlier Society, is working to provide opportunities in the entertainment industry for underrepresented youths.
"I’ve worked with these incredible filmmakers that happen to be women, they were the best people for the job," the director told The New York Times.
"Black Panther" was more than a hit movie, it was a moment for America to look critically upon our past and look ahead toward a better future.
The Ohio native talks the importance of supporting black filmmakers and bringing "unique stories" to the big screen.
The first film was Marvel's highest domestic grossing film in history.