Business
Africa looking to attract diaspora to help develop continent
Africa plans to launch a fund to harness the financial resources of its citizens based in the Diaspora which will be used for development projects on the continent.
The proposed African Diaspora Development Fund and Remittances will be unveiled at the Global African Diaspora Summit to be hosted by the African Union (AU) Commission in collaboration with the South African government in Johannesburg from 23-25 May.
The fund will provide a platform through which the AU Commission would lure the African Diaspora to contribute to the continent’s development.
It is one of the initiatives being pursued by the AU Commission following a resolution by African leaders, agreed at their 18th summit in Ethiopia in February, to increase spending on infrastructure development on the continent.
