Remittances have now become one of the most important external sources of finance for Africa, but the money could go further if it wasn't more expensive to send money to Africa than anywhere else in the world, according to the World Bank.
Africa Loses Billions Due to High Cost of Remittances
Deutsche Welle, 24 April 2018
Billions of dollars in remittances flowed to Africa in 2017. The money could go further if it wasn't more expensive to send money to Africa than anywhere else in the world, a new… Read more »
Money, money, money.
Tanzanians Abroad Send Home U.S.$439 Billion Yearly
Citizen, 18 April 2018
Tanzanians living abroad send home an average of $456.5 million (about Sh1.03 trillion) annually. Read more »
Nigeria Tops Remittances to Sub-Saharan Africa With $22bn - World Bank
Vanguard, 24 April 2018
The World Bank, yesterday, said that Nigerians living abroad (Diaspora) sent home $22 billion in 2017, the highest in the Sub-Saharan region, and the fifth highest in the world. Read more »
Migrants sent more than U.S.$445 million in remittances to developing countries in 2016. Migration flows and the remittances that migrants send home are having large-scale impacts ... Read more »
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