Diaspora money is not side money. It pays school fees, covers health shocks, rescues businesses, and stabilizes economies across Africa. This article argues that remittances should be understood as critical development infrastructure, especially when flows remain large, resilient, and more dependable than many better-celebrated forms of capital.
Tag: Remittances
The Secret Economy of the Diaspora: Why Everyone Is Sending Money Home Now
Diaspora remittances now surpass foreign aid in many African countries, but this is no longer just about supporting family. Africans abroad are investing in real estate, startups, and businesses—quietly transforming economies. Is the diaspora becoming Africa’s most powerful financial force? The answer could redefine the continent’s future.