Diamonds in the diaspora: How startups are building for African communities worldwide
A look at 5 startups building for Africans abroad
Afridigest is your intelligent guide to Africa’s startup ecosystem. We provide ideas, analysis, & insights for Africa-focused founders, executives, and investors.
This Saturday essay argues that Africa-focused innovators should explore embracing the global African diaspora as a business strategy, and it highlights five startups doing just that.
“Africans in [the] diaspora are Africa’s largest financiers.”
That’s according to the President of the African Development Bank Group, Dr. Akinwumi Adesina:
It’s a good reminder that contrary to the prevailing image of the African continent as a global charity case, capital inflows to Africa are increasingly provided by Africans abroad, as opposed to foreign aid or "ODA."
And as important as that may be for policy experts & development theorists, there’s a practical business implication there: Africa-focused innovators should explore embracing the global African diaspora as a strategy.
Here’s a look at five startups doing just that. From financial services to entertainment to Web3 and more, each startup is embracing Africans abroad in different ways.
Let’s jump in 👇🏽