Global Africa, to me, is about harnessing the collective strength of Africa, its people, and the diaspora to fuel sustainable economic growth. It is about recognising that all Africans wherever they may live are connected and when united can be a potent force for their own economic development.
The African diaspora isn't just a market - it's a powerhouse of trade, innovation, culture, creative spirit and entrepreneurial solutions that can drive the continent forward. Their contributions go beyond billions in annual remittances - they bring invaluable skills and expertise while building a bridge between Africa and the global world.
I am excited about what the Bank is doing to fully harness Global Africa's potential. My primary focus is on tapping into this potential by mobilising deposits from the diaspora, including the Caribbean, and assisting our member countries to issue diaspora bonds. By leveraging diaspora resources and capital, we aim to enhance economic integration and build a resilient, thriving African economy.
Ensuring that our bank remains sound, with enough liquidity to finance quality and strategically-aligned Global Africa transactions is a key priority for me. I am also interested in creating collaborations that drive innovation, technological development, and skills development to enable Africa to thrive in this, the Fourth Industrial Revolution.
George Elombi Executive Vice-President, GLCSAfrica is not just a continent but a shared identity that unites Africans around the world. It is said that human life originated from the African continent. Thus, some have even gone so far as to say all humans are African! But even with the narrower definition of African, it is a fact that Africans have migrated and settled across the globe, and, for that reason, Africa is indeed global.
