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Provocation

The Uncomfortable Truth About African Wealth Creation

TL;DR: Why the diaspora has both the opportunity and the obligation to drive African economic transformation.

December 20, 20247 min readBy Kwame Brempong

The Uncomfortable Truth About African Wealth Creation

This might be controversial. But it needs to be said.

The Problem

Africa has 1.4 billion people. $3 trillion GDP. Massive natural resources. Young, growing populations.

Yet foreign capital controls most of the economic infrastructure. Local entrepreneurs struggle to access funding. And the diaspora — 200+ million strong — largely invests elsewhere.

The Uncomfortable Truth

The diaspora is complicit in Africa's economic stagnation.

Not intentionally. But through inaction.

We send remittances — $100B+ annually. But remittances are consumption, not investment. They don't build infrastructure. They don't create jobs at scale. They don't compound.

The Opportunity

What if even 10% of diaspora wealth was invested in African SMEs?

We're talking about:

  • Millions of jobs created
  • Local ownership of economic infrastructure
  • Generational wealth that stays in Africa
  • A complete shift in economic power dynamics
  • The Obligation

    I'll go further: **we have an obligation.**

    Those of us who left — or whose parents left — benefited from opportunities Africa couldn't provide. We got education, experience, and capital that most Africans never had access to.

    We owe a debt. And the way to pay it isn't charity. It's investment.

    The Call to Action

    This is why I built Bvester. To make it easy for the diaspora to invest in African SMEs. To channel our collective wealth toward collective impact.

    Are you in?


    Wealth as leverage. Impact as purpose.

    Topics

    africadiasporawealth

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    About the Author

    Kwame Brempong is the Philosopher-Capitalist for African Wealth Creation. He is the founder of Bvester, a platform mobilizing the African diaspora to invest in SMEs across Africa. His mission is to become the most influential African by 2034 through systems-first investing, philosophical clarity, and generational vision.

    Learn more about Kwame →

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