When we discuss philanthropy within the African continent, too often the focus is on the wealthiest class of Africans and the large contributions they can make. However, what matters more when it comes to charitable giving is the potential for billions of aggregate dollars from millions of small givers.
For instance, two million Somalis abroad send home $1.4 billion, the equivalent to 23 per cent of the country’s GDP, and higher than any amount of foreign aid. Overall, African diaspora’s contribution amounts to $63 billion per year. Communities use it for education, homebuilding, land purchases and farm improvements, all critical enablers of social transformation.