AfDB, Partners Launch $5.2m Project To Boost Diaspora Investment In 8 Countries

The agreement was signed in Addis Ababa, Ethiopia. The Tripartite Funding and Implementation Agreement will support the ‘’Streamlining Diaspora Engagement to Catalyze Private Investments and Entrepreneurship for Enhanced Resilience’’ (SDE4R) project.

The target countries are The Gambia, Liberia, Madagascar, Mali, Somalia, South Sudan, Togo and Zimbabwe.

The project will assist the recipient countries to identify the best methods for effectively mobilising the human and financial capital of the diaspora, either to support socioeconomic development by reviving the domestic private sector, or recovery from political or humanitarian crises by leveraging the expertise and networks of Diaspora groups.