Browsing: African diaspora

• The World Bank data shows remittances by Africans in the diaspora hit over $95.6 billion in 2021 with Nigeria, Ghana, and Kenya among the highest recipients of the inflows.
• Africa has a housing deficit of about 56 million units driven largely by urbanization and population growth, which has left governments struggling to meet the demand for affordable units.
• Many of the 40,000 people moving to African cities every day cannot afford basic formal housing or access loans to acquire homes.

Pan African housing development financier, Shelter Afrique, is targeting Africans living and working abroad to enhance the delivery of affordable housing agenda across the continent.

Shelter Afrique managing director Thierno-Habib Hann said over 170 million people of African descent that live and work in various countries across the world present a formidable resource pool for the continent’s infrastructure development, including housing.

“African diaspora populations are growing, as are their savings …

• The African diaspora is a diverse group, with communities found in countries all over the world, including the Americas, Europe, and Asia.
• The African diaspora can contribute to Africa’s GDP and development through investment, remittances, and the transfer of skills and knowledge.
• Diaspora investments also add significant value to African enterprise. The World Bank records over US$80 billion sent to and within Africa in 2020.

The African diaspora, the dispersal of people of African descent throughout the world, has had a significant impact on both Africa and the African diaspora communities. The transatlantic slave trade, colonialism, and other historical events have led to the dispersal of millions of people of African descent throughout the world. The experiences of people of Africans in diaspora communities have been shaped by these historical events and continue to be felt today.

The African diaspora is a diverse group, with communities found in countries all …

• Cameroon’s President Paul Biya has dispatched a delegation to Europe in an effort to persuade well-off Cameroonians now residing in Europe to invest in their home country
• The government would grant tax exemptions of up to forty per cent for investments made by members of the diaspora in Cameroon, as well as loans of up to ten thousand dollars with no interest rates for members of the diaspora who return to engage in agricultural and livestock.

For the first time, Cameroon’s President Paul Biya has dispatched a delegation to Europe in an effort to persuade well-off Cameroonians now residing in Europe to invest in their home country.

However, members of Cameroon’s diaspora claim that investors are discouraged by the autocratic procedures and corrupt nature of Biya’s government.
According to government authorities, a delegation led by the Minister of Youth Affairs and Civic Education Mounouna Foutsou was deployed to …

The Covid-19 pandemic continues to rage. African countries have so far recorded fewer cases than most other continents. However, a new, more infectious variant of the virus has surfaced in South Africa. This new strain is a significant threat to continental health. Given that the bulk of African countries’ health systems leave a lot to be desired, this is a heavy blow. 

That said, the effects of Covid-19 on African economies extend beyond the immediate impact on health. It goes to the effects of lockdown measures, interference with external trade as well as interruption of foreign inflows particularly, remittances from the diaspora, that have a considerable effect on most economies. 

Diaspora remittances to Africa

Driven by economic and other challenges, a sizeable number of Africans are living and working in different countries across the world. According to research by the Pew Research Center, over 25 million sub-Saharan Africans were living …

Africa has had a dark past and specifically the four century long blot of human slavery climaxing in the 17th and 18th century. However, some of the descendants of the slaves have gone on to make great businessmen with great influence in the world.

Ghana has realized the potential such a group of people pose to the African economy and has launched several drives to make the African Diaspora return to the continent and invest in projects of their choice.

The Ghana Diaspora Celebration & Homecoming Summit 2019 (GDHS’19) is a four-day event recognizing and celebrating the immense contributions to nation building by the Ghanaian Diaspora.

The event will not only highlight past contributions but will focus on present contributions as well, whiles furthering the advocacy for political, economic, and all other systems and policies that would facilitate future contributions by the Ghanaian Diaspora.

Ghana’s president Nana Akufo-Addo in October …