The potential wealth and talent existing in the African Diaspora is enormous. Some researchers estimate that US $53 billion are saved on an annual basis by the African diaspora. Additionally, it is estimated that by 2040 Africa will have a larger workforce than China or India. This will require targeted new enterprise growth in areas that can enhance food supply, healthcare services, and educational solutions like; STEM within local communities. This presents a wonderful opportunity for the diaspora to explore business development in the continent.
In addition, trade and investment survey results from the global African diaspora will be presented. This survey will outline and illustrate sectors the diaspora is currently doing business in: agribusiness, consumer products, energy, climate change, financial services/inclusion, tourism, etc. Furthermore, the survey can provide some insight into the activities of the diaspora in trading, investing and technical assistance. The survey and its analysis can provide African countries some insight on ways to attract their diaspora populations, and give countries insight on better positioning themselves for investment promotion to foreign investors.
This forum will be an opportunity to interact and hear from various demographics in the Africa diaspora, and their successes and failures of doing investment and trade. Expect to hear from diaspora early-stage investors and entrepreneurs talk about their challenges and issues they are facing on investment climate, supply chains, etc. Many investors from the global diaspora will want some assurances when looking for investments – many don’t know about resources from donors to enhance their investments. Additionally, donors will hear about projects various stakeholders in the diaspora are implementing or investing in. In many cases, some donors have found many challenges in scaling up investments in certain sectors. This scaling up is important for job creation, especially for youth and young adults that comprise half of Sub-Saharan’s population.
Some donors will discuss their existing programs they are implementing to engage with the diaspora for trade and investment. Donors will also be looking for suggestions and ideas aimed at engaging with key demographics of the African Diaspora. This forum would be a good point of collaboration for donors, to partner and discover potential synergies with investors and entrepreneurs in the diaspora.
Target Audience: members of the African diaspora who are looking at trade, investment and mentorship opportunities in their home countries; donors who are looking for new partnerships to create sustainability and private sector jobs.
Knowledge Exchange: Participants will gain a glimpse at programs and opportunities to collaborate on: diaspora groups can identify programs or initiatives they can tap to provide technical assistance or early-stage financing from development partners; development partners can share information and find potential diaspora partners for ongoing programs in their countries of operation.
In Partnership With: