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Blended finance turns development challenges into high growth investment opportunities

The UK-Africa Investment Summit in London today will raise awareness of the growing economic opportunities in Africa and the urgent need for innovative alternative investment using blended finance instruments, writes Kenny Washington, AFFORD’s technical project lead for the Rwanda RemitPlus Diaspora Bond for affordable housing.

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Onyekachi Wambu presents at the International Decade for the People of African Descent Event

“When I speak about harnessing and mobilising diasporas resources for African development, it is within the context of this broader Global Africa – and not always as tragedy, though tragedy and inhuman treatment there is aplenty. My organisation also works on the basis of win-win – so Africa benefits, the diaspora should also see clear benefits.” 

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We're Hiring A Communications and Marketing Assistant

Are you looking for a short-term flexible and varied role to kick-start or boost your marketing career while supporting AFFORD to enhance its voice on diaspora and development? If so, an exciting opportunity has arisen for an ambitious and career-driven Communications and Marketing Assistant to join and support a small yet dynamic Communications team at AFFORD.

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All on-board to unlock diaspora finance for growth in Africa

Rwanda faces an acute housing crisis. Rapid urbanisation drives an urgent requirement for new housing units, with demand of 31,000 units against 1000 new constructions just in the capital city, Kigali. A huge factor in the shortage of housing supply is the ongoing challenge of affordability, with average waged citizens priced out of the traditional market, and the real estate and construction sector of Small and Medium-sized Enterprises (SMEs) unable to access the finance to solve the problems through the market. Unlocking new private capital of $331 billion needed for SME growth in Africa to finance affordable housing and general development in countries like Rwanda, is one of the greatest challenges for governments, philanthropists, and private investors.  

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JOB ALERT – Final Independent Evaluation Consultant

AFFORD UK are looking for an independent Evaluator to provide a synthesis of the Diaspora Finance Initiative (DFI). The DFI programme is funded by DFID and Comic Relief and has been implemented since 2016. Its aim is to stimulate economic activity, support job creation and economic and social development in Africa (initially in targeted areas of Nigeria, Rwanda, Sierra Leone and Zimbabwe), as a result of increased and diversified diaspora finance, investments and volunteering.

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AU CIDO Business Bootcamp

The African Union Commission (AUC)’s Diaspora division CIDO held a Business Bootcamp in Dar Es Saalam, Tanzania. The AFFORD Business Club (ABC) manager attended to share expertise and experience. The Boot camp welcomed 21 entrepreneurs from 17 African Countries with businesses ranging from agriculture, agri-processing to tech, education and beauty products made from African natural ingredients.

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AFFORD celebrates 25 years of diaspora impact in Africa with a conference focused on the role of the diaspora in financing major infrastructural development

In July 2019, AFFORD marks its 25th anniversary with a call to the African diaspora to do more for the growth and development of Africa. Going beyond sending money home, the diaspora should now seek opportunities that will target key strategic sectors in order to transform Africa in the next 25 years.

AFFORD celebrates 25 years of diaspora impact in Africa with a conference focused on the role of the diaspora in financing major infrastructural development Read More »

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