Optimizing Migrant Capital

FinancialNigeria reports:

Interfaced with the capacities and growth aspirations of Diaspora African businesses, some of the challenges faced by local entrepreneurs on the continent become opportunities for mutual benefits. A good number of Diaspora African entrepreneurs have distinguished themselves in their profession and industry. They have access to capital and are able to mobilize investible funds within and outside their community. They have integrated well with the international system, while they seek opportunities to further expand their businesses outside of their country of residence. In this connection, African is a vast market for them...While African governments continue to press for more favourable trade conditions perhaps when the Doha Round of negotiations resumes, a clear outcome of the process of engagements between African entrepreneurs at home and abroad can conduce to Africa moving out of the aid fixation. Leveraging on Diaspora network and capital, Africa economies can leapfrog on the crest of private sector-led growth.