The African Diaspora…A Force Driving Africa’s Growth and Prosperity!

  • 8th September, 2024
  • < 1 min reading

Africans in the diaspora have made and continue to make a remarkable impact on the continent.

With an estimated 200 million people of African descent living outside Africa according to the World Economic Forum—over 1.5 million of them in the UK— the connection to their roots remains strong despite living thousands of kilometers away from the continent.

From sending remittances to investing in their home countries and contributing to the overall development of the continent, the African diaspora plays a very important role in the continent’s prosperity.

According to the United Nations, remittances to Africa have doubled in the last decade, surpassing $100 billion in 2022—exceeding both Official Development Assistance (ODA) and Foreign Direct Investment (FDI)!

Recently, CNN‘s Eleni Giokos spoke with ETK managing director Bolaji Sofoluwe and other diaspora business leaders on how they’re maintaining strong ties to Africa while contributing to its growth.

Watch Bolaji’s interview starting at 15:35 minutes here: https://bit.ly/3Mxwi2X