The US$91 billion that moves quietly across continents each year dwarfs the headlines given to IMF programs and World Bank loans - and it comes with...
By Michele Moscaritoli As foreign direct investment falters and aid budgets shrink, one capital flow has remained remarkably steady. Operators who understand why are building businesses...
By Charles F.V. Chitekwe The African diaspora, and Black Americans in particular, represent one of the most powerful and untapped pools of capital, talent, and market...
By Danilo Desiderio The persistent shortfall in domestic savings represents one of the most binding structural constraints on Africa’s long-term growth and economic transformation. Sub-Saharan Africa...
By Ajay Wasserman For decades, Africa’s economic narrative has been tethered to foreign direct investment. While external capital has played a role, it has often arrived...
By Des H Rikhotso In an era of global uncertainty, one financial flow remains remarkably resilient – remittances. Across Africa, these cross-border transfers from diaspora communities...
By Dishant Shah Africa is rich – not just in natural resources, but in talent, innovation, and ambition. Yet, year after year, the continent quietly hemorrhages...
The Inter-American Development Bank (IDB) has projected that Caribbean nations will receive approximately US$18.4 billion in remittances in 2024, reflecting a modest growth rate of two...
By Gregory Simpkins Most of the world is experiencing a population decline. According to a August 31 article in the New York Post, for the first...
Remittances are pivotal in many African economies, significantly boosting their Gross Domestic Product (GDP). In 2022, remittances comprised 7.6 percent of GDP in Western Africa, 6.8...
By Joseph Rutakangwa The rapid evolution of the digital age has seen the world grow closer than ever before. An integral part of this story has...
JIS | Jamaica’s remittance inflows exceeded US$3.3 billion for 2021, representing an increase of over US$2.9 billion for 2020. Minister of State in the Ministry of...
Remittance inflows to sub-Saharan Africa grew by 6.2 percent to US$45 billion this year
Nigeria, will launch its eNaira digital currency on October 1, while Ghana will trial e-Cedi from this month.
Remittances from Africans in the diaspora are now estimated at around US$60 billion annually and are said to have surpassed traditional western aid. While these help...
Caribbean countries continued to benefit from an increase in remittances in 2013, according to figures released by the Multilateral Investment Fund. According to the investment fund...
Although the crucial financial importance of money sent to African countries has long been documented, detailed research into the scale of remittances is lacking. Despite the...
The World Bank has voiced concern about what it described as the exorbitant cost of sending remittances to the Caribbean and other places, saying that forcing...
Net remittances to Jamaica by Jamaicans abroad. IMAGE/Bank of Jamaica In a bid to kick start Jamaica’s economy, the island-nation is actively wooing its citizens living...
Remittances from Africans in the diaspora are now estimated at around US$60 billion annually and are said to have surpassed traditional western aid. While these help...
Africans are helping themselves more than aid workers are, according to new research. Analysis of cash flows by Hong Kong-based Ghanaian academic Adams Bodomo shows that...
A new World Bank report says remittance flows to the Caribbean countries are expected to exceed earlier estimates and total US$406 billion this year, an increase...
(PRWEB) – Xoom Corporation, a pioneer and leader in online consumer-to-consumer money transfer services to Jamaica, has announced its partnership with Golden Krust Caribbean Bakery &...
(Reuters) – Citizens of Kenya residing abroad sent home US$106.2 million in March, the highest monthly amount since the central bank started releasing data on the...
Jamaica: Net Remittances. Source: Bank of Jamaica (Jamaica Gleaner) On the back of record remittances in 2011 that narrowly edged out pre-recession highs, companies in the...
(Reuters) – African countries can prepare for the impact of the euro-zone crisis that threatens to derail economic growth on the continent by improving trade between...
Somali officials said Friday they are pleading with U.S. authorities to persuade banks to reconsider a decision to block money transfers from Minnesota’s Somali community to...
At the beginning of every month, Ms Safia Ibrahim anxiously waits for a call that will offer her a lifeline. Once it comes, she walks to...
(Reuters) – Some European banks are now refusing to lend to firms trading with Africa, threatening growth on the African continent, a senior official of the...
The cost of sending remittances to and within Africa could come down thanks to a new online database that will compare costs among money transfer service...
A branch of Ecobank in Nairobi, Kenya. As the aircraft floats across the landscape of West Africa, one notices ruler-straight earth roads stretching as far as...
Abdirashid Duale, CEO of Dahabshiil, one of Africa’s largest money transfer companies, gave the keynote address at a conference hosted by Oxford University from 29-30 June....
African migrants send home billions Mashonaland, Zimbabwe (CNN) — They might have left their countries to earn themselves a living abroad but for millions of Africans...
