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What we do…………… PowerPoint PPT Presentation


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Diaspora part of the Picture – Not the picture . Human Resource - Skills. Foreign Direct Investments. Remittances Investment. What we do……………. Mobilisation.  African’s in Africa  Diaspora ↓ Expats .

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What we do……………

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What we do l.jpg

Diaspora

part of the

Picture –

Not the picture

Human Resource

- Skills

Foreign Direct

Investments

Remittances

Investment

What we do……………

Mobilisation

  •  African’s in

  • Africa

  •  Diaspora

  • ↓ Expats

Engagement of all stakeholders at policy and operational level

…………….Build Links, Establish Partnership


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Background

"When AfricaRecruit was launched in 2002, I provided an endorsement in the firm belief that its objectives were not only noble but also realizable. Since then, the initiative has performed creditably and become a key part of the NEPAD programme to mobilize quality skills for Africa.“H.E. Chief Olusegun Obasanjo, President Federal Republic of Nigeria


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“Knowledge Management”

Findajobinafrica

Healthcare

Investors; Mailing list

Transnational

working

Global yet local search

Baseline data

From Paper to E working

New streamlined processes using

ICT

Increased investment

Timely flow of pertinent

information

Skilled labour force

Success Stories, Africa “the brand”

Improved choice

Greater access to up to date skills

Employers HR best practices

Soft landing packages repatriates skills business

Information

Regional and Global

Broader view of planning

“Technical know how”

Local yet Global

Links inside and outside Africa

Main streaming

Joint up working PPNGOD

Remittances

&

Investment

Harness and Enable increased productive capacity

Alternative FDI

Diaspora products, packages & services

Policy incentives e.g. Tax, Citizen passport etc

Benefits

Enabling

Changes

Business

Changes

Objectives

Programmes

BENEFITS DEPENDENCY NETWORKIndividually necessary, collectively sufficient

D

R

I

V

E

R

S


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Linkages

  • Mobilise – information technology and other modern communication techniques to collate and disseminate information about opportunities (in and outside Africa

  • Inform- provision of relevant and practical information

  • Engage -Diaspora to play responsible roles in rebuilding their country

  • Positioning- platform

  • Recommend- promote reforms or practices in Africa make it more attractive for professionals and technocrats to consider pursuing careers or business

  • Showcase- Success stories to convince and energise all stakeholders

  • Feedback- inside and outside Africa at all levels


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Remittances and Investment

  • Average remittances/Investment a month $300 US dollars a month

  • Sustenance Remittances – Household sustenance such as housing, schooling and health

  • Investment Remittances – Small-Medium-Micro Business (28%);Real Estate (24%); Capital Market (19%); Other (27%); Private Equity/Venture Capital (12%)

  • Success stories of Diaspora Investors as Ex Diaspora or Transnational Citizens – wealth and job creation! Examples- Aviation; Agriculture; Information Communication Technology; Capital Market; Real Estate; Mining; Health; Education: Communications-Media e.g. Nigeria Movie; Fast Moveable Consumer Goods; Money Transfer Organisations;Nigeria Stock Exchange (500 million US$/year)


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Examples of Diaspora Investors- Individuals

Opportunities for wealth creation and economic empowernment


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Examples of Diaspora Investors- Organisations

“Our research shows us that Africans want to increase investment in Africa. While African governments have put in place various policies to facilitate investment by large multinationals, little has been done to enable the inflow of investment from private individuals. We are keen that Africans in the Diaspora are recognised as key players and key investors” – AfricaRecruit


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Challenges and Opportunities


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Facilitating Skills and Knowledge Transfer

  • All African nationalities based inside and outside Africa

  • Experts based inside and outside Africa

  • All industry represented on the database

  • Users professional work experience range from 0-25 years

  • Total 188,000 plus

  • Users include public, private and non-governmental sector covering job vacancies in all African countries e.g. An organisation that provides management and capacity building services to African businesses, particularly Small and Medium Enterprises; Growing bond market

  • Voluntary, Consultancies, Contract and Permanent

  • Over 500 Diaspora returned annually and many more skills engaged on an adhoc basis


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Challenges and Opportunities


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Recommendations- Government 1 of 2

  • Effective Government and corporate partnerships

  • Provide stable political and economic enabling conditions

  • Technical assistance grant to the Diaspora

  • Attractive business start-up incentives such as low tariffs/ reasonable loans

  • Efficient market system, efficient transport system, documentations and banking facilities

  • Culture or attitude that welcomes investment and trade

  • Lean regulatory and administrative framework

  • Investment guarantee measures

  • Tighter corporate governance, mechanisms for credible governing and monitoring

  • Soft landing packages e.g. tax breaks or incentives (Non Resident Ghanaians at Ghana Investment Promotion Centre)

  • Government’s to act as 3rd party insurance for Diaspora

  • Debt forgiveness or protection of naturalisation/citizen


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Recommendations- Government 2 of 2

  • Receiving countries to explore ways to harness remittances- Home Link Zimbabwe

  • Host countries to explore how to harness investment by Diaspora

  • Employment laws to incorporate skills transfer and local capacity building incentives

  • Development of regional wide skills strategy e.g. entrepreneurial

  • Soft landing packages e.g. Packages

  • More awareness of the various incentives and packages- online and offline e.g. Nigerian Diaspora Day in Nigeria

  • Harnessing the role the Missions play as a source of update information

  • Ensure they work in partnership with the private and development sector, to make skill transfer easier including opportunities to self-employed African’s

  • Provide incentives that encourage transparency and good governance


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Factors to consider in Policy formulation

  • Fostering an understanding of the Diaspora by the Donor and host countries facilitating a process that will harness their capacity to effectively engage in programmes in their countries of origin e.g. labour and migration laws, tax concessions

  • Enhancing circular migration e.g. debt forgiveness; sabbatical and long leaves encouraged and facilitated

  • Build strategic partnerships between other host countries and sending countries e.g.African governments to enable transglobal policy enhancers

  • Work with international and multilateral organisations to address the constraints on public spending- decent employment opportunities in the healthcare public sector

  • Move from bilateral to multilateral agreements- UN level as cohesive integrated action is required

  • African governments to adopt policies that enable assimilation of the critical skills deployed back from the Diaspora


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Recommendations- Business

  • Awareness of products, services and job opportunities

  • Use remittance/Investment channels to harness micro credit- Post Bank Kenya,home link Zimbabwe, United Bank for Africa

  • Increased involvement of the private sector in particular the financial sector to develop policy, create more packages and incentives to encourage formal flows of remittances

  • Closer cooperation between the private, public and civil society sectors

  • Increasing partnership with Diaspora Investors- South Africa Association of Investors

  • Engaging Diaspora in global supply chain lines- Diageo Africa

  • Understanding the investment needs of the Diaspora

  • Providing transparent information on investment opportunities

  • Bridge the perception gap


Recommendations diaspora l.jpg

Seek information

Collective engagement

Sensitivity and awareness of changes

Tap into “here and there” competitive advantage

Use of formal channels for remittances

Be Informed

Added value

Recommendations- Diaspora


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Remit using formal channels

Greater understanding of the impact of remittances/FDI to Africa as a continent

Invest in various options Wealth creation in the Diaspora

Seek opportunities for entrepreneurship, investment and partnerships

Lobby host governments for policy enhancers

Volunteering by the Diaspora

Secondment

Mentorship

Permanent

Virtual

Internship

Exchange

Role of the Diaspora- to add value in…

Skills..Knowledge

Sustenance…Investment

..partnership with African’s in Africa


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