Regional Diaspora Strategy



COMESA and IOM push to channel remittances into investment, jobs, and trade corridor development across Eastern and Southern Africa

By Francis Maingaila ♥️ 

Lusaka, Zambia24 — (22 June 2026) -- The International Organization for Migration (IOM), in partnership with the Common Market for Eastern and Southern Africa (COMESA), has intensified efforts to mobilise diaspora investment as a driver of economic growth, industrialisation, and regional trade integration.

The initiative was advanced during a three-day Diaspora Investment Workshop under the theme “Unlocking Corridor Investment Opportunities,” which brought together diaspora investors, government officials, financial institutions, development partners, and regional organisations.

Discussions focused on practical ways to channel diaspora remittances into productive investments, strengthen investment facilitation frameworks, and improve financial inclusion across COMESA Member States.

Participants noted that while remittances remain vital to household and national economies, there is increasing emphasis on directing more of these flows into structured investments that support job creation, enterprise development, and economic resilience.


Opening the workshop, Humphrey Okusimba, Director of the Savings, Investments and Remittances Division at Kenya’s Ministry of Foreign and Diaspora Affairs, said diaspora engagement is now central to development planning.

“Diaspora engagement is no longer an afterthought in development planning — it is a strategic imperative,” Okusimba said, adding that governments must prioritise shifting remittances from consumption to investment.

COMESA Assistant Secretary General for Programme, Ambassador Dr Mohamed Kadah, said the region is positioning the diaspora as a key driver of investment, industrialisation, and competitiveness.

He said development corridors across Eastern and Southern Africa offer significant opportunities but require stronger coordination between governments, regional institutions, and diaspora actors.


IOM Deputy Regional Director for East, Horn and Southern Africa, Nihan Erdogan, highlighted the role of women in diaspora investment.

“Women in the diaspora are already leading — as entrepreneurs, professionals, investors, and innovators — yet their contributions remain under-recognised and under-supported,” she said.

The workshop is expected to produce policy recommendations aimed at improving investment facilitation, strengthening diaspora engagement frameworks, and expanding access to financial instruments across the region.

IOM said diaspora communities are increasingly viewed not only as remittance senders, but as strategic development partners contributing capital, skills, and cross-border networks.

The initiative is being implemented under the African Development Bank-funded SDE4R programme, which supports private sector development and resilience through diaspora engagement in selected African transition states.

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