Remittance Fees Cost Rwandans Billions
The high fees to send money home is affecting migrants' contribution to the development of the country, says a World Bank report.
A migrant worker (file photo).
East Africa: World Bank Recognizes Regional Growth
EA Business, 22 January 2013
Last week, the World Bank released a very comprehensive report so far of the world's economic outlook. Read more »
New Times, 3 December 2012
A new report indicates that costs of sending remittances to low developed countries are as high as 20 per cent of the amount transferred which is about a third more than the global… Read more »
New Times, 28 November 2012
Governments of the Least Developed Countries (LDCs) should embark on a reduction of transfer costs of remittances if money sent home by their nationals in the Diaspora is to make… Read more »
New Times, 16 October 2012
Remittances from Rwandans living abroad reached US$80 million within the first six months of this year, which indicates the members of the Diaspora's increased involvement in the… Read more »
Diaspora remittances are a key foreign exchange earner for Africa with U.S.$40 billion flowing from the west annually. Read more »