African Development Bank to launch Diaspora Initiative in Paris

The African Development Bank (AfDB) plans to launch its Diaspora Initiative on November 9, 2026, in Paris. The initiative aims to transition diaspora financial flows from traditional family support toward productive investments, entrepreneurship, and economic transformation across the continent.

Led by AfDB Group President Dr. Sidi Ould Tah, the high-level meeting will bring together policymakers, international institutions, investors, and diaspora leaders. Discussions will focus on creating mechanisms to convert diaspora savings, professional expertise, and international networks into concrete economic and social projects, such as infrastructure development and job creation.