Diaspora dollars: How Africa's diaspora can fuel startup growth
- The African diaspora sent nearly $100 billion to the continent last year, surpassing venture capital funding.
- Building financial products tailored to immigrants and investing in the creative sector could be areas for innovation.
- Economic instability, governance challenges, and a lack of transparency create a complex landscape for investment in Africa.
The African diaspora represents a significant growth opportunity for the continent. By creating financial products and investing in industries like remittance and the creative sector, startups and investors can tap into the potential of this demographic. However, challenges such as economic instability and a lack of transparency need to be addressed to encourage investment.
