Investment platforms vie to capture a share of global remittances
It’s coming home
IN 2016 AYO ADEWUNMI, a Nigerian-born agricultural trader living in London, bought a five-hectare farm in his homeland. It has produced little since. “I am not in the country, so I have to rely on third parties. It’s just not good enough,” he says.
Mr Adewunmi has since discovered another, potentially more satisfactory way to make such investments: through FarmCrowdy, a crowdfunding platform that lends to Nigerian farms and provides technical assistance to their owners. The two-year-old startup, which is considering expanding into Ghana, places high hopes in the African diaspora as a source of funds.
This article appeared in the Finance & economics section of the print edition under the headline "It’s coming home"
Finance & economics November 10th 2018
- American farmers grapple with falling prices and sinking incomes
- Why house prices in global cities are falling
- A new commissioner at America’s main securities regulator causes a buzz
- The 1MDB saga reaches Goldman Sachs
- Naughty investment banks win more IPO business
- The benefits gap between high and low earners is widening
- Investment platforms vie to capture a share of global remittances
- An Italian budget showdown underlines the need for euro-zone reform
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