The Diaspora Sends $120 Billion to Africa Every Year

Eric Guichard is on a mission to change how the Black diaspora thinks about wealth, power, and Africa.

✅ Born in Brooklyn, raised across France and Senegal, and founder of Homestrings
✅ $120B+ sent annually to Africa—but barely invested
✅ How we shift from remittance to investment
✅ Why Africa needs bold diaspora entrepreneurs
✅ The vision for diaspora bonds, Homestrings, and building our narrative

From Guinea to global finance, Eric unpacks the gaps in capital flow, what keeps us stuck, and how we build across borders.

Video Chapters:

0:00 – Intro
2:24 – Wahala Segment
16:15 – Eric’s Global Background: U.S., France, Senegal
23:30 – Starting His Company “Homestrings”
31:12 – Guinea’s Unification & Political Rise
34:21 – Why the Diaspora Sends $120 Billion (But Doesn’t Invest)
40:57 – Homestrings: Mission, Pivot & Future Vision
44:10 – Obama’s Jobs Act & Diaspora Bond Roadblocks
53:33 – His First Time in Africa
56:30 – Final Thoughts & Appreciation

––Music Credits–––––––––––––––––––––––––––––––––––––

RIDDIM | Afrobeat Library | Music For Content Creators
Youtube: https://www.youtube.com/watch?v=Fm9_E41jmVA
Creative Commons — Attribution – CC BY-NC-ND 4.0
Affiliated YouTube channel | https://www.youtube.com/c/KaseemBada

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About the Author
Creative Director and Founder of Indie Creative Network. Tech guy... Podcast Guy... Dad.