Why Africa
needs Diasporafric
Africa in the Millennium
The World Bank
estimates that in 2005 more that $167billion went
into developing countries through remittances from
migrants living and working in developed countries.
Ghanaians alone received more than $1.5billion from
friends and relatives leaving abroad. Senegalese
received over $600million and Ugandans over
$500million. If you take an average of $500million
per country, this extrapolates to about $27billion
for Africa, excluding South Africa which has a more
structured economy that accurately records foreign
direct investment. Whilst this sounds like a great
story of how Africans in the Diaspora support the
mother continent, it is not. The remittances
received mainly drive consumption and little if any
wealth creation. Therefore, dependency is encouraged
and no impact is had on the economy of the country.
This then forms a vicious cycle of events. On the
one hand young graduates see this and set out to
emulate it i.e. emigrate to developed countries in
order to work and send money back home to friends
and relatives.
On the other hand
highly qualified Africans in the Diaspora are
discouraged from returning home due to the believe
that they will only be able to provide the same
level of support to families and friends if they
remained abroad and sent back remittances. The net
result is that the brain drain in Africa continues,
and despite the large amounts of remittances, the
continent is getting poorer and is being left behind
in the technological and economical race. The World
Bank estimates that over 20,000 skilled
professionals, amongst them, Doctors, Engineers and
Accountants leave the mother continent every year!
In fact some of the topmost scientists and engineers
in Europe and the US are Africans. Despite all of
this, and despite all the remittances, Africa
remains a bankrupt, beggar continent, riddled with
disease (Malaria, TB & HIV/AIDS, being the biggest
killers), and economically dysfunctional. Why, one
may ask, is this so given that Africans form the
largest most educated emigrant group in Europe and
the US? One can, with very little effort, fill a 20
page book with the reasons why? We strongly believe
that the one most important way to change this is if
Africans honed the skill to create and grow
sustainable wealth.
As Africans, we tend
to measure wealth in terms of our ability to consume
expensive goods, rather than our ability to invest
in future growth. For a continent that provides the
rest of the world with the largest share of natural
resources, Gold, Diamonds, Cobalt, Copper, Coffee,
Cocoa, Tea, Platinum, Oil, just to name a few, this
state of economic dysfunction is a serious
indictment on our ability to create sustainable
wealth for ourselves as individuals and for our
countries and continent as a whole. |
We have News for you
Now is The Time
It is never too late to start
building an empire. The proverbial "Rome wasn't built in a day"
reminds us that what we start now will be continued by the next
generations to come. Our generation now has the opportunity to
start this building process. It's not about building a political
future (we all complain about the sorry state of the
socio-political environment in Africa). It's about the creation
of real wealth. In doing so, we create wealth for ourselves and
lay the foundation for the next generations to build castles of
wealth. In this cloud of hopelessness to many outsiders, and
more so to most Africans living in the continent and the
Diaspora, there is an emerging force with a powerful vision.
That force is DiasporAfric whose vision is to establish a
vehicle for wealth creation for all that want a stake in the
future of Africa. The main goal is to leave a legacy of wealth
creation in Africa as a whole, thereby lifting it from an abyss
of bankruptsy and economic dependency to take its rightful place
amongst the elite nations of the world. This is not an NGO
seeking donations to rescue starving kids in Ethiopia, Sudan or
Niger. This is not a political pressure group looking to end
dictatorship in Africa. DiasporAfric is an organization seeking
to create real wealth in Africa for its clients whom we hope
will be mainly Africans in the Diaspora, but not exclusively so.
Wealth creation is our Ideology. We are setting out to create
wealth for our clients and the vehicle for this will be
DiasporAfricTM
Africa 'will break out of
stagnation' Africa was on the cusp of breaking out of a long
period of economic stagnation, the World Bank said on Thursday.
"Renewed growth and improved governance across a number of
African states is setting the stage for taking advantage of
opportunities that are emerging from a rapidly changing world
economy," the bank's vice president for Africa, Gobind Nankani,
said. ...More
|
Call to
the African Diaspora
Are you
African? Overseas? Looking for meaningful and profitable
investment opportunities back home? Diasporafric is your
answer. Contact us now! 24/7.
...Go for it |
