The Diaspora Was Already in the Room
Earlier this month, I traveled to Abidjan, Côte d’Ivoire, at the invitation of Prof. Kevin Chika Urama, Chief Economist and Vice President for Economic Governance and Knowledge Management at the African Development Bank Group. The occasion was the 2026 African Economic Conference (AEC), co-hosted by the AfDB, UNDP, and OECD, held under a theme that could not have felt more urgent: Strengthening Africa’s Geopolitical Agency and Trade Resilience in a Multipolar World.
Who Was Actually in the Room
We talk a great deal about the African diaspora as though it lives almost entirely outside Africa — in London, Washington, Toronto, Dubai. That story isn’t wrong, but it’s incomplete, and the incompleteness matters. The truth is that 70-80 percent of African migration (roughly over 21 million) happens within Africa. The diaspora isn’t only the economist in a Geneva office or the scientist in a Boston lab. It’s also the Nigerian building a career in Abidjan and the Ethiopian shaping policy in Nairobi. That is diaspora too, and it is arguably the version of it doing the most immediate, on-the-ground work of building the continent’s institutions.
A New Voice at the Table
Against that backdrop, the launch of the African Chief Economists Network, (ACE Network) felt like exactly the right institutional response to what I was seeing informally in every hallway conversation. For the first time, chief economists from finance ministries, central banks, development finance institutions, universities, and the private sector across the continent now have a standing platform to coordinate: to share research, flag early warning signs, and, critically, to speak with one voice when they sit across the table from creditors, trade partners, and multilateral institutions negotiating the terms of Africa’s debt and its place in the global economy.
This matters more than it might sound. For decades, African countries have often negotiated debt restructuring, interest terms, and trade agreements one at a time, individually, without the benefit of a shared analytical base or coordinated strategy. A continent that can pool its economic intelligence walks into those negotiations with real leverage. The ACE-Network is built to do exactly that, and I believe it is one of the most consequential institutional developments to come out of Africa’s economic policy space in years.
Where ADN Fits
This isn’t an abstraction for ADN. We’ve been building toward this exact picture of the diaspora for a while now. Together with Africa Practice, we’ve been developing a project to identify, understand, and ultimately mobilize the intra-African diaspora specifically — the communities of Africans living and working across borders on the continent, not just abroad. The work starts with a straightforward but under-addressed question: who and where are these communities, and how are they connected? Using social media data analysis alongside on-the-ground key informant interviews, the partnership aims to map intra-African diaspora communities in a set of focal countries, laying the groundwork for the kind of engagement that can eventually turn that population into a recognized development actor — one with a role in catalyzing intra-African trade, deepening cross-border resilience, and correcting the narrative that African migration is primarily a story about leaving the continent. Abidjan was that same story playing out in person, room by room, rather than in a dataset.
This is the heart of what I have come to call Beyond Remittances — the idea that the diaspora’s most valuable contribution to Africa’s future isn’t just the money sent home, but the intellectual capital, networks, and expertise that circulate back into institutions like the ACE-Network, strengthening Africa’s hand exactly where it needs strengthening most: in the rooms where debt terms, trade rules, and investment flows get decided. Abidjan made it clear that this circulation is already happening intra-continentally, often without the institutional recognition or support it deserves.
Takeaways: Prof. Urama's Challenge and Opportunity
A few points from his remarks that I think deserve to sit with our readers:
- Economic diplomacy. Africa’s leverage in a multipolar world depends on speaking with coordination, not as fragmented negotiators. This is precisely what the ACE-Network is built for.
- Revenue mobilization, and the cost of debt. Africa spends an estimated $87 billion a year simply servicing debt. Prof. Urama was direct that this must change, and that remittances, and diaspora capital more broadly, have a real role to play in easing that burden. He also flagged a hard truth: the poorer the country, the higher the interest rate it is charged, compounding the very inequality that debt relief is supposed to address.
- The upside case. Prof. Urama balanced today’s fiscal pressures with a powerful message of optimism. Africa’s untapped domestic revenue potential is estimated at $781 billion annually, while structured policies could increase African diaspora investments from $104.8 billion today to $179 billion by 2030—and as much as $1.1 trillion by 2050. His point was clear: Africa’s financing challenge is not simply about finding more money. It is about creating the policies, institutions, and partnerships that allow African capital—both at home and across the diaspora—to work more effectively for Africa’s development.
Just as significant, to me, was his openness to expanding the ACE-Network itself: a real willingness to consider bringing diaspora economists, including those based outside the continent, into the network as full participants in shaping Africa’s economic future, not as outside commentators
