Diaspora-driven development by Adams Bodomo The African diaspora is a major source of foreign income — so large that it now outstrips foreign aid sent by western donors. Nearly 140 million Africans live abroad. The money they send back home, remittances, is worth far more — in value and usefulness — than the development donations sent by western financial institutions. The exact amount of these remittances is unknown because not all of it is sent through official banking channels. But the official volume to the continent has gradually increased over the years, from $11 billion in 2000 to $60 billion…
