Diaspora remittances to Africa total $100 billion annually—accounting for 6% of the continent’s GDP.
Yet, up to 75% of these funds go toward consumption—covering food, rent, school fees, and daily living expenses. Very little fuels investments that create jobs, build infrastructure, or scale businesses.
This must change.
We need new systems: diaspora-led investment platforms, pooled export capital, and targeted incentives that shift remittances from short-term relief to long-term economic growth.
When remittances become seed capital instead of survival money, Africa can move from dependence to prosperity.
Mbariket | 10x U.S.—Nigeria Exports | Targeting $100M in export revenue by 2028