Diaspora : UBA launches platform to channel $100B annual remittances into investment

On February 15 2026, United Bank for Africa Plc (UBA) unveiled in Lagos a digital diaspora investment platform designed to channel up to $100 billion in annual remittance flows into structured financial products — including banking, payments, savings, investments, insurance, real estate and pensions — beyond traditional money transfers. Developed with partners United Capital, Africa Prudential, UBA Pensions, Afriland Properties, Heirs Insurance Group and Avon Healthcare Limited, the ecosystem lets Africans worldwide manage their finances and invest for long‑term wealth. According to UBA, diaspora remittance flows into Africa exceed $100 billion per year, historically used for consumption, and can be redirected towards structured investments to support sustainable economic growth. UBA’s Head of Diaspora Banking, Anant Rao, explained the shift as a strategic move “from simple money transfers to an integrated financial ecosystem where Africans globally can bank, invest, protect their families, and build long‑term wealth.”