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The Hub signs MOU with the Aspen Institute’s Diaspora Investment Alliance

Published on July 16, 2015

On July 13, 2015, the Hub signed a Memorandum of Understanding (MOU) with the Aspen Institute’s Diaspora Investment Alliance (DIA). The focus of the collaboration between the Hub and DIA is technology adoption, from the U.S. to the East African region, and investment promotion activities focused on channeling investments from diaspora into East Africa.

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The Aspen Institute in partnership with Rockefeller Foundation launched the Diaspora Investment Alliance to harness the untapped potential of diaspora communities by more effectively channeling investments from the diaspora into their countries of origin in ways that are beneficial for development. In addition, DIA is working with U.S. investors to set up a Technology Transfer Fund that aims at identifying and bringing viable and easily adoptable American technology into frontier markets like the East African region.