Tag Archives: remittances

Kampala, Uganda | THE INDEPENDENT | Inflows from Ugandans based outside the country increased to $1.4 billion, or about sh5 trillion, ahead of tourism or coffee earnings in the economy. However, this remains low according to the country’s estimated potential, and the banking industry says the value of diaspora remittances …

Kampala, Uganda | THE INDEPENDENT | Companies dealing in remittance services are now required to report data on their transactions weekly to the Bank of Uganda (BOU), under a newly developed system. The Central Bank has developed a new data collection approach regarding diaspora remittances, where all remittance service providers …

Money sent home by relatives abroad is vital for families in Sub-Saharan Africa to withstand climate change impacts ANALYSIS | RONALD MUSOKE | The fact that remittances –the money sent home by migrant workers– is often a lifeline for millions of those left behind has been known for a long time. …

Remittances sent back to Africa are a considerable growth pillar for the continent and are currently nearly double the total value of aid. The top 10 countries listed here each have remittance inflows of more than US$1 billion. SPECIAL REPORT | BIRD AGENCY | Africa’s growing diaspora community is increasingly …

Kenya is witnessing a surge in remittances from its citizens in other African countries, highlighting the economic impact of intra-African migration. This trend gains significance as European remittance hubs face severe inflation. Experts attribute the rise in intra-African remittances to digital innovation and a growing network of money transfer avenues. …

How to move conversations from the recent U.S. Africa Leaders Summit by the Biden administration into Action COMMENT | Almaz Negash | With a median age of 20 years and 60 percent of the population under 25, Africa is the youngest continent in the world and holds the future. Projections show that …

They are vital for continent’s growth, say participants at African Development Bank Forum Kampala, Uganda | AGENCIES | Hundreds of academics and leaders of international institutions from around the world came together for an African Development Bank (AfDB) Forum on ways to harness the skills, wealth and dynamism of Africa’s 160-million-strong diaspora …

Kampala, Uganda | THE INDEPENDENT | Delays in financial remittances from member states are still a major impediment to the operations and activities of the East African Legislative Assembly (EALA). This was revealed by EALA MPs sitting on the accounts committee who are in Uganda to benchmark on the best parliamentary practices. …

Kampala, Uganda | THE INDEPENDENT | While labour externalization is on an increase in Uganda, experts have pointed out that the country lacks a return policy that supports them to be able to sustain themselves in the economy when they return home. Agnes Igoye, the Deputy National Coordinator, Prevention of Trafficking in …

Nairobi, Kenya | XINHUA | Kenya’s Edwin Kamau secured a job as a mechanic in the gulf state of Qatar. He is set to join the growing number of Kenyans seeking greener pastures abroad. The 27-year-old father of three was recruited last week by an employment agency based in Nairobi …