Borderless: Powering Diaspora Investments in Africa
The African diaspora, comprised of 40 million individuals, represents a significant economic force. Despite being smaller in number than the 1.5 billion Africans residing on the continent, their remittances surpass the combined total of foreign aid and foreign direct investment received by Africa. Recognizing this potential, financial experts are actively seeking avenues to effectively channel this wealth for the benefit of the continent. While some African nations have explored diaspora bonds, the prevailing sentiment is that the diaspora’s economic power remains largely untapped.
Building the Infrastructure for Diaspora Investment
Joe Kinvi, founder of Borderless and a former employee of Stripe and Paystack, is addressing this challenge head-on. His company is developing the foundational infrastructure to facilitate collective investments in Africa by diaspora communities. Kinvi, a Togolese national with over a decade of experience living abroad, understands the complexities of investing in Africa firsthand, having been an active investor himself prior to founding Borderless.
Borderless aims to streamline the process and provide a reliable platform for diaspora groups to pool resources and invest in African ventures. By building this infrastructure, Borderless seeks to unlock the immense economic potential of the African diaspora, driving growth and development across the continent.
Keywords
Related Keywords: Diaspora investments Africa, Investing in Africa, African diaspora investing, Borderless Africa, Infrastructure for African investment, Remittance investments Africa, Diaspora investment platform, Crossborder African investment, Investing in African startups
