African diaspora likely to return to the continent within the next decade
As the results of the Intelcia company study indicate, 40% of the African diaspora are willing to return to the continent within 10 years. Moreover, African citizens would be ready to immediately work there. The study was based on a survey of 800 members of the African diaspora. 56% of people prefer to come back to their country of origin, while 15% are open to opportunities on the continent.
In addition to investors positioning themselves in Africa, African citizens are also deciding to return. A study revealed that 40% of the African diaspora is ready to return to work on the continent within the next decade.
Africa is known for its many assets that make the country attractive: impressive natural resources, a young population expected to double in the next twenty-thirty years and also consistent economic growth. Thus, in addition to investors trying to get a piece of the continent, African nationals living abroad are also increasingly making the decision to return.
A study by Intelcia even revealed that 40% of the members of the African diaspora would be ready to return to work immediately on the continent. This study, based on a survey of eight hundred members of the African diaspora, indicates that 71% of respondents plan to return to the continent within ten years. 56% of them prefer to return to their country of origin, while 15% are open to opportunities throughout the continent.
Born2Invest brings you the latest, economic headlines from trusted sources. Explore stories, and content on a whole range of topics, from business to finance, industries, Africa, biotech, fintech, impact investing, and much more.
Many other publications overlook breaking business news focused on investing or other business strategies. Born2Invest mobile app helps readers stay on top of the latest news, get breaking stories, and financial affairs of the world.
Papy Ngoyi Kibenze is a young lawyer of Congolese origin who has spent several years in Germany. Like him, the majority of graduates and professionals in the diaspora are motivated and willing to do business in their home country.
From his experience, it can, therefore, be deduced that the entrepreneurial adventure is one of the most crucial factors which motivate graduates and professionals from the diaspora to return to Africa. This is already significant enough for an effective take-off from the continent in the eyes of the Burkinabe development economist Adama Konséiga. Even if in his opinion the desire for return should be even more intense at the elite level within the diaspora.
It should be noted that members of the diaspora from Sub-Saharan Africa are the most likely to return within five years compared to Maghreb people, who are planning to return within ten years, according to the results of the Intelcia company study.
(Featured image by Free-Photos via Pixabay)
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in DW, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
The TopRanked.io Weekly Digest: What’s Hot in Affiliate Marketing [Week 22]
This week we're waking the dead as we go back to the metaverse baby. With Apple soon announcing its long-awaited...
Bullish on Bitcoin? – Blackrock CEO Warns of “Debt Ceiling Drama”
Many bitcoin and cryptocurrency investor advocates view BTC as a hedge against inflation and debt concerns, especially as central banks...
Docline Prepares a New Round of 6 Million for 2024
Docline maintains an agreement with Mapfre, with whom it offers digital health programs to the company's policyholders; with the Ballesol retirement...
Cedacri Prices New €275M Bond to Pay €50M Tax and €150M Extra Dividend
As stated in the Report to Cedacri's 2022 Annual Report, and as recalled in the release in which Moody's assigned...
Bierzo Aire Limpio Starts Crowdfunding to Support the Legal Defense of the Environment
The NGO holds an assembly that includes a state-wide meeting against waste incineration, debates on wind and solar macro-projects, and...
Crypto2 weeks ago
The Number of Crypto Owners in Turkey Increased by 27%
Featured5 days ago
Canal de Isabel II Accelerates Towards Energy Self-Consumption
Crowdfunding2 weeks ago
Startup Geeks Closes Campaign on CrowdFundMe Raising €945,000
Crowdfunding7 days ago
Doorway and SeedBlink Sign a Partnership to Give More Investment Options to Investors