Can Diaspora Help Meet Africa's Development Goals?
Diaspora remittances are a key foreign exchange earner for Africa with U.S.$40 billion flowing from the west annually.
A customer being served.
Remittances to Kenya.
A primary education classroom.
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Africa:
Beyond Remittances - Can Diaspora Bonds Help Meet Development Goals?
TradeInvest, 3 January 2012
Diaspora remittances are a key foreign exchange earner for Africa with US$40-billion flowing from the west annually. Read more »
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Kenya:
Remittances By Locals Abroad Hit Ksh6.9 Billion
Citizen, 1 January 2012
Kenyans abroad sent home about Ksh6.9 billion in November 2011, a 43 per cent increase over November 2010 figures. Additionally, cumulative funds for the 12 months ending November… Read more »
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Rwanda:
Remittances to Developing Nations to Total U.S.$350 Billion - WB
New Times, 6 December 2011
Remittance flows to developing countries are expected to total US$351bn this year, while worldwide remittances, including those to high-income countries, will reach US$406b,… Read more »
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Nigeria:
Citizens Abroad Remitted N1.7 Trillion in 2011
Vanguard, 5 December 2011
Nigerians living abroad are estimated to have remitted home N1.727 trillion ($11 billion), the highest for any African country, says a World Bank report. Read more »
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Zimbabwe:
Government to Issue Diaspora Bond
Zimbabwe Independent, 13 October 2011
FINANCE minister Tendai Biti says government will issue another Diaspora Bond after overwhelming success of US$50 million bond floated in July. Read more »
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Africa:
Ideas for Africa - Tapping Into the Diaspora
State Department, 9 November 2011
Solome Lemma had been working on African development and aid programs for years when her mother pointed her to a new approach. Read more »
InFocus
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Remittance flows to developing countries are expected to total U.S. $351 billion in 2011, according to a World Bank brief on global migration and remittances. Read more »