Diaspora remittances as finance source for development

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Last week I attended the 2018 DICOTA Convention where I was invited to speak on matters of investment opportunities here at home, particularly in the capital markets space, by the Tanzanians in diaspora. In today’s article I summarise part of what I spoke in this convention.

Much as this may be a result of poor entrepreneurial as well as savings culture, as we know it to be even here at home – but there may be other reasons, i.e. probably diaspora from other countries went outside long time ago for reasons such as civil wars, hunger, political related reasons, etc and therefore have had more time to settle in, build up wealth, raise the highly-educated-well-earning children who also contribute to what’s sent back home – this is not the case for Tanzanians in diaspora; or the other reasons may be related to time and/or professional, for example probably diaspora from these other countries are rather professionals who are highly-paid from the get-go, and therefore more able to quickly build up a monetary base which they remit back home to their countries; or may be it might be caused by the way our people living abroad remit moneys back home.

Diaspora remittances as finance source for development

What you need to know:

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