August 16, 2017Malik IbrahimAfrica will inevitably be central to Emmanuel Macron’s presidency, as has always been the case for French heads of state. While there is still time to make amends and shape an effective Africa policy, the window of opportunity is closing fast for the new French president. Chancellor Angela Merkel’s “Marshall Plan for Africa,” a cornerstone of Germany’s G20 presidency that aims to increase private investment in the continent, is a promising step. But state aid is far from the only source of capital available to invest in African development. Last year, remittances sent to Africa totaled more than $60 billion, far more than what Western powers allocated to overseas development aid.

Source: The North Africa Journal August 16, 2017 12:51 UTC