US$5,2m for diaspora investment

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THE International Organisation for Migration (IOM), the African Development Bank and African Union Commission (AUC), have targeted US$5,2 million for diaspora investment in Zimbabwe and seven other African countries.

In a statement yesterday, the IOM said the other targeted countries in Africa are the Gambia, Liberia, Madagascar, Mali, Somalia, South Sudan and Togo and over 40 000 citizens are expected to benefit from the programme.

“The project will assist the recipient countries to identify the best methods for effectively mobilising the human and financial capital of the diaspora, either to support socio-economic development by reviving the domestic private sector, or recovery from political or humanitarian crisis by leveraging the expertise and networks of diaspora groups…”

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