Parallel Capital: How Ethiopian Diaspora Networks Are Building an Innovation Economy That Washington Cannot See
Ethiopian diaspora remittances are quietly funding a grassroots innovation ecosystem—from fintech cooperatives to agri-tech networks—that operates entirely outside the metrics Western investors and policymakers use to measure economic progress. Despite generating measurable returns in employment, productivity, and community resilience, these capital flows remain invisible to US development institutions. The result is a widening gap between what is actually happening on the ground in Ethiopia and