Tag Archives: African names

Kenya #DiasporaConference2015 to discuss Diaspora in business and investment

Today, Diaspora in Business and Investment will be at the very center of Kenyan #DiasporaConference2015 – gathering ~600 participants in Nairobi Windsor Golf Club, Kenya.

So what’s the potential? Let’s look at innovation for example. We used NamSor technology, to recognize in AngelList or CrunchBase -the two reference databases on the global startup ecosystem- the full potential of Kenyan Diaspora to boost the startup ecosystem in Kenya. Please RT if you like our infographics

This potential is not just in the #digital world, its in specific sectors too such as the Health sector. In one US state alone, there are about 25k registered health professionals of the Kenyan Diaspora : Nurses, Medical Doctors, Pharmacists – but also experts in various fields. Read our full presentation on the potential of HomeComing for Africa, Kenya specifics start slide 6:

One major question is how to redirect some of the 1.43bn remitted by the Kenyan Diaspora in 2014 to job-creating Foreign Direct Investments, Innovation incubators and start-ups.

We think we can help 🙂 we’ve done it, it works! We wish the best success to this conference today. On twitter follow ‏@CapitalFM_kenya for a live stream.

Further information:

About FDIMagnet,

FDIMagnet is NamSor™ offering for Investment Promotion. We use our unique data mining software to offer differentiated Foreign Direct Investment (FDI) services:

–   Diaspora Direct Investments (DDI)

–   Smart Investors Targeting & CRM

–   FDI Targeted Communication

Follow @FDIMagnet, join the LinkedIn group or email us at contact@fdimagnet.com

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Filed under FDI Magnet, General

After BusinessFrance, France launches AfricaFrance

France took the bold step of naming yet an other international business initiative with an English name: AfricaFrance.

It doesn’t mean France is about to ditch the Francophonie, but it could mean that it takes a pragmatic approach to English language being the language for business. It could also indicate that France business community, represented by MEDEF International, will be more proactive to invest beyond Françafrique in English-speaking African countries currently driving growth in Africa. The project takes the form of a foundation, AfricaFrance, headed by Lionel ZINSOU and endorsed by the French Ministry of Foreign Affairs.

Fernand Braudel, in his book a Grammar of Civilizations, mentioned the “linguistic joke played on Black Africa by the colonization: instead of gaining one international common language, it got two”. The map below, prepared using NamSor technology from a large database of company directors in Africa, shows that the linguistic divide is also very current in business and Foreign Direct Investments (FDI).

2015_FDIMagnet_AfricaFranceA challenge for the French Ministry of Foreign Affairs will be to promote this new brand on traditional and social media, as currently searching for AfricaFrance on Google returns totally orthogonal results, compared to the message the Quai d’Orsay would like to convey.

AfricaFrance was launched this morning very much as a ‘top-down’ approach, when the United-States and the United-Kingdom have built successful bottom-up approaches in recent years, directed towards the local elites in Africa or the global African Diasporas.

Will this particular initiative encounter a more durable success than last year event ‘African Forum – 100 innovations for sustainable development‘, which failed to deliver practical results? How will AfricaFrance maintain and gain traction once the African leaders are back in their home country?

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Further reading:

About FDIMagnet,

FDIMagnet is NamSor™ offering for Investment Promotion. We use our unique data mining software to offer differentiated Foreign Direct Investment (FDI) services:

–   Diaspora Direct Investments (DDI)

–   Smart Investors Targeting & CRM

–   FDI Targeted Communication

Follow @FDIMagnet, join the LinkedIn group or email us at contact@fdimagnet.com

Leave a comment

Filed under FDI Magnet, General