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Compassionate Investment?—Diaspora Contribution to Poverty Alleviation in Francophone West Africa

  • Dieu Hack-Polay
Chapter
Part of the Palgrave Studies of Entrepreneurship in Africa book series (PSEA)

Abstract

This chapter examines the input of the Francophone African diaspora in development effort in the region. The example of Côte d’Ivoire is particularly highlighted because it is the largest economy in Francophone West Africa and a dominant economy in the Francophone world in Africa. It examines the construction of the remittances sent to the region and the direct investment by members of the diaspora in the home country. A critical line of argument is that the funds that feed remittances and diaspora direct investment are hard earned at the cost of the diaspora’s work-life balance. Many diaspora investors had to take multiple jobs, often low paid, to fund ventures in the country of origin (COO). However, much of the investment, whether in remittances or direct venture creation, is made with limited expectations of financial return on investment, but psychological return, hence the concept of compassionate investment introduced in this chapter.

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Copyright information

© The Author(s) 2018

Authors and Affiliations

  1. 1.Lincoln International Business SchoolUniversity of LincolnLincolnUK

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