Diaspora bonds: An innovative source of financing?

There is no question that the African diaspora in the United States has reached a new level of influence. In fact, last year, Dana Banks, senior director for Africa at the National Security Council, stated at a press briefing focused on U.S.-Africa trade that the Biden administration will provide targeted support to small- and medium-sized businesses with a specific focus on the African diaspora and their businesses and investors across the United States.