Africa: Germany's Platform for Remittances to Africa's Entrepreneurs

16 September 2020

Africans in the diaspora routinely send money to relatives and friends at home. A new online platform makes it possible to direct some of those remittances to the entrepreneurs among them too.

Herve Tcheumeleu has lived in Germany for almost 20 years. He was caught off guard two years ago when his aunt back home in Cameroon asked him to help her buy a refrigerator so that she could start a small ice cream and water vending business. Her start-up budget was almost €1,000 ($1,186).

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