Recession and rising unemployment in rich nations have begun to eat into remittances, the multi-billion dollar stream of cash that African migrant workers send to their families back home.
According to recent World Bank forecasts, remittances will fall by between 7 and 10 per cent this year. The bank has estimated that global migrants sent $328 billion home last year, although, with many remittances unreported, that figure could be significantly higher.
A number of countries have already begun...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team