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East Africa: Diaspora Remittances Outpace FDI, but Costs Remain a Major Hurdle
East African, 13 April 2019
East African countries received $17.38 billion from their citizens living abroad between 2013 and 2018, as foreign remittances outpaced foreign direct investment to become the… Read more »
East Africa's Remittances Far More Than Foreign Investment
East African countries received U.S.$17.38 billion from their citizens living abroad between 2013 and 2018, as foreign remittances outpaced foreign direct investment to become the largest source of external financing in low and middle-income countries, according to the World Bank. Kenya topped the region as the biggest beneficiary of remittances, receiving U.S.$10.74 billion, followed by Uganda with U.S.$6.28 billion.
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Ethiopia: Diaspora's Economic Involvement - a Boon to Domestic Efforts
Ethiopian Herald, 13 April 2018
In his inaugural speech Prime Minister Dr. Abiy Ahmed boldly vowed that all doors will remain open to embolden active participation of Ethiopian diaspora across different spheres… Read more »
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East Africa: How Region's Diaspora Community Can Spur the Manufacturing Sector
New Times, 26 May 2017
The East African Diaspora community can add great value to human and financial capital needed as the region embarks on a bold transformation agenda and seeks to end dependence on… Read more »
InFocus
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The high fees to send money home is affecting migrants' contribution to the development of the country, says a World Bank report. Read more »
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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 ... Read more »
