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.

Counting foreign currency.

  • 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 »

  • 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 »

  • 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 »

  • Somalia:  Diaspora's Remittances Cast a Lifeline

    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 »

  • 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 »

  • Africa:  Mobilizing the Diaspora to Invest in Africa

    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 »

  • 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 »

  • 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 »

  • Rwanda:  'johnny Come Lately' On the African Diaspora

    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 »