Africa: Diaspora Sent $81b to Africa in 2006

Kampala — THE volumes of money remitted to Africa by its citizens living abroad surpassed the development aid to Africa in 2006 by $56 billion.

Professor Myles Wickstead CBE who is currently a senior adviser to the England -Africa Partnership Programme and Business action for Africa said during his public presentation at the Sheraton Kampala Hotel recently that in 2006 development aid to Africa amounted to $25 billion while remittance from African Diasporas abroad was $81 billion.

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