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Headline : Africa: African Diaspora to Drive Continents Development Ambitions

Read more from the original article on here at allafrica.com.





Tags : #africa #african #diaspora #drive #continents #development #ambitions


No. of Paragraph 43

Bulawayo, Zimbabwe — As the African diaspora continues its growth, agencies are seeking ways to tap into this vast demographic to help with the continent's development.

Remittances from millions of Africans scattered across the globe have been hailed for sustaining local economies, but a new initiative is aiming to form upscale diaspora investments for longer-term economic development.

In June 2024, the International Organization for Migration (IOM) partnered with the African Development Bank and the African Union Commission (AUC) towards the implementation of a USD5.2 million project.

According to officials, the fund aimed at eight African countries will "strengthen investment, human capital and philanthropic engagement from the diaspora in eight African countries."

Read more from the original article on here at allafrica.com.


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