Mobilising Africa's diaspora for investment

Africa's economic development has historically relied on external capital sources. While governments have sought foreign direct investment and financial inflows for infrastructure and growth, one critical source of capital has been overlooked: Africa's diaspora. At the upcoming Africa Business Investment Summit (ABIS) 2026, policymakers are shifting focus to mobilising this valuable asset.

The challenge lies not only in increasing remittance flows but in converting them into lasting investments that create jobs and spur economic transformation. Africa's diaspora sends billions home annually, supporting households but not often driving economic growth. To truly harness this resource, the continent must build confidence and provide the economic stability necessary to attract long-term investment from its overseas citizens.

Countries like Nigeria, Egypt and Ghana serve as examples of how diaspora engagement can evolve from simple remittance flows to active participation in national development. Nigeria's diaspora, one of the continent's largest, contributes significantly to the economy through remittances, but more is needed to fuel industrialization and infrastructure.

Egypt and Ghana have taken steps to encourage their overseas citizens to invest directly in the country, demonstrating that diaspora capital can support broader economic goals when properly mobilised.