remittances
The African Development Bank (AfDB) recently hosted a forum focused on leveraging the skills, wealth, and dynamism of the African diaspora for inclusive growth and sustainable development. The hybrid event, held December 1-2 in Abidjan, brought together academics and leaders of international institutions amidst challenging global economic conditions. Forum Focus and Key Themes The Development […]
Family remittances play a crucial role in supporting millions of families across Africa, often representing the difference between survival and destitution. The International Day of Family Remittances, observed annually on June 16th, highlights the importance of these transfers and the challenges that need to be addressed to maximize their benefits. Remittances in Africa: A Vital […]
Kenya’s diaspora remittances have shown consistent growth in recent years, significantly impacting the nation’s foreign exchange earnings. These inflows represent a vital economic support system for the country. Remittance Trends Diaspora remittances to Kenya totaled $3.09 billion in 2020. This figure increased to $3.52 billion in 2021, demonstrating an initial upward trend. The positive trend […]
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