Remittances News

Nigeria to raise $300 million diaspora bond


The bond is expected to be issued by June 2017 and mature for a period of five to seven years.

Africa: on the way to mobile money remittances


Mobile money is transforming lives

WorldRemit starts cash pickup service in Ethiopia and Uganda


This will allow easy money transfer to Ethiopia and Uganda

Zimbabwe's central bank to fight remittances fraud


Some fraudsters are stealing bonuses meant to encourage remittances from the diaspora.

Remittances to developing countries reached $432 billion in 2015


This is three times the amount of development aid, according to the World Bank

Remittances: African diaspora hit by high fees


Africans abroad face the highest transactions fees in the world.

Working Paper Series


Financial sector development research for policymakers and practitioners

UNCTAD urges African governments to find new ways to finance development


It highlighted remittances and public-private partnerships.

Somalia: World Bank makes progress to support remittances flows


Improved remittances services will ensure that the diaspora is able to safely and cost-effectively send money home to families.

Net financial inflows to Africa down 1.8%


A new AfDB report said financial flows were estimated at $208 billion.

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