The African Development Bank hosted it in partnership with the African Union Commission, the International Organisation for Migration, and the African Continental Free Trade Area secretariat. The forum focused on several themes, such as securitizing remittances, diaspora bonds, promoting trade and investment, enhancing research, innovation and technology sharing. Securitized remittances would offer African governments robust investment collateral and a source of financing through bond issuance. In addition to remittances, Africans overseas represent a source of much-needed direct investment, expertise and skills that can be transferred to businesses and workers in their home countries. Muchanga also stressed that while the African Continental Free Trade Area is critical to deepening pan-African trade, African countries must also be involved in global trade.

Source: Daily Observer December 03, 2022 17:48 UTC