Wednesday, June 19, 2013

Policy makers looking to tap into diaspora remittances to power Africa's industrialization and growth

Remittances from Africans in the diaspora are now estimated at around US$60 billion annually and are said to have surpassed traditional western aid. While these help millions of Africans in their day-to-day needs, a proper harnessing of this resource could well see the continent on its next development stage – industrialization.

As the world wakes up to the idea of Africa as a center for economic growth, it is considered, in many ways, the final frontier for investment opportunities.

More details here...

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