Are Remittances Africa's Lifeline?
Africans living abroad remitted a total of U.S.$60 billion to the continent in 2012, says the International Organisation for Migration.
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Africa: Diaspora Remittances to Africa Hits U.S.$60 Billion
This Day, 5 February 2013
The International Organisation for Migration (IOM) Monday disclosed that Africans in diaspora remitted a total of $60 billion to the continent in 2012. read more »
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Nigeria: Nigerian Migrants Remitted U.S.$21 Billion Home in 2012
This Day, 1 February 2013
Nigerians living abroad, who remitted $21 billion home last year, rank among citizens of the top five countries that remitted about $530 billion to their countries in 2012, showing ... read more »
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Rwanda: Remittance Fees Cost Rwandans Billions
The New Times, 29 January 2013
Rwandans living abroad could be sending more money back home if remittance fees were not too high, the World Bank says in a report. read more »
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Africa: Africans in the Diaspora Announces Campaign Success
Africans in the Diaspora, 24 January 2013
Seven weeks ago, Africans in the Diaspora (AiD) launched a campaign to raise $30,000 for three social change organizations in Africa. The organization is pleased to announced that ... read more »
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Somalia: Diaspora's Remittances Cast a Lifeline (interview)
Africa Renewal, 28 January 2013
During two decades of conflict, famines and floods, Somali expatriates' transmission of money back home -- known as "remittances" -- has been instrumental in keeping Somalia ... read more »
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Kenya: Diaspora Remittances Hit Record High
Capital FM, 22 January 2013
Kenyans in the Diaspora sent home over Sh9 billion in remittances in December, pushing transfer of funds for the year to a record high of Sh104.3 billion. read more »
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Africa: Mobilizing the Diaspora to Invest in Africa (press release)
Africans in the Diaspora, 19 December 2012
Two weeks ago, Africans in the Diaspora (AiD) launched its “New Year, New AiD” campaign to mobilize $30,000 from the Diaspora and friends of Africa for African social ... read more »
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Nigeria: Remittance Investment Can Help Lift Poorest Nations
This Day, 29 November 2012
The United Nations trade and development body has urged that remittances to the world's least developed countries (LDCs) must play a greater role in reducing poverty while also ... read more »
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Africa: UN - Remittance to Poorest Nations Increases to U.S.$27 Billion
Sudan Tribune, 28 November 2012
Remittances sent to poor nations from family and friends living abroad has increased from $3.5 billion in 1990 to $27 billion in 2011, according to a new United Nations report. read more »
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Rwanda: 'johnny Come Lately' On the African Diaspora (column)
The New Times, 16 November 2012
In the winter of 2003, I found myself hurdled up in a 4 bed shared flat in Streatham, south London. read more »
Comments Post a comment
How much of this $60-billion is going straight to the bank account of the African National Congress in South Africa?
Such fabulous sums of money yet the level of development in Africa is still so low. I would like to recommend a remitting system that translates directly into the development of Africa. Africans in the diaspora can use Dev Hope to transfer services to family back home. Whatever money they might want to send is destined to address some need/service. This social media makes it possible for them to transfer directly the need/service of the family. This is obtained from shops/institutions that are found on their website. Another advantage is that since these shops are home-based, it directly develops home countries. There couldn't be any better remitting option. Email for more details.