Connect with us

Africa

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.

Published

on

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.

SEE ALSO  This is why you should get the new PS4 Pro

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.

Andrew Ross is a features writer whose stories are centered on emerging economies and fast-growing companies. His articles often look at trade policies and practices, geopolitics, mining and commodities, as well as the exciting world of technology. He also covers industries that have piqued the interest of the stock market, such as cryptocurrency and cannabis. He is a certified gadget enthusiast.

Continue Reading

Most Popular