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Impact Africa

Impact Africa

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September 05th 2013:Sending Money Home for Growth

Remittances to home countries by Africans in Diaspora run into billions of dollars every year. In fact, according to the World Bank, the total amount of $51.8bn “sent home” by Africans in the Diaspora far outweighed the $43bn official development assistance given to Africa by western donors in 2010. A lot of analysts however believe that the amount of remittances by Africans in Diaspora is under reported because of the fund transferred via informal channels. In this episode of Impact Africa we will explore how “sending money home” can be a key to infrastructure and economic development in many

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Featured Guest

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Eric-Vincent Guichard

Eric-Vincent Guichard (Founder and Chief Executive Officer of Homestrings) Eric was born in Brooklyn, NY of a Guinean father (West Africa) and an American mother. He spent 20 years growing up in poor rural Guinea, going to primary and secondary school in Fria and then Conakry, the capital. Eric is also currently Chairman and Chief Executive Officer of GRAVITAS Capital Advisors, Inc. an asset management firm he founded in 1996. Prior to GRAVITAS Capital, Eric was portfolio manager at the World Bank (1990-1996) where he also served as technical adviser to sovereign and multilateral institutions worldwide. Eric is a graduate of the University of Dakar (Cheikh Anta Diop), in Senegal; of Duquesn
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