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Tag Archives: remittances

Scaling Diaspora remittances

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 …

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Africa: Diaspora’s remittances, investment, expertise

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 …

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Delays in financial remittances from member states frustrate EALA MPs

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. …

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Uganda Investment Authority predicts drastic decline in investments

Kampala, Uganda | THE INDEPENDENT | The Uganda Investment Authority (UIA) predicts a significant decline in both Foreign Direct Investment (FDI) and domestic direct investment (DDI), particularly in tourism, transport and construction sectors due to the economic crisis induced by the COVID-19 pandemic and shutdown. The value of planned FDI …

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World Bank warns remittance payments to plunge amid pandemic

Washington, United States | AFP | Developing countries are losing a key source of revenue as the coronavirus pandemic causes worldwide shutdowns, sharply reducing payments from workers living abroad, the World Bank said Wednesday. Remittances are expected to plunge by about 20 percent globally this year, the biggest decline in recent …

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India tops world remittance payments, Uganda at $1.3 billion

Remittance payments hit record in 2017: World Bank Washington, United States | AFP |  Payments from immigrants back to their home countries rebounded to reach a new record in 2017 but the costs of transferring funds also increased, the World Bank said Monday. Uganda’s remittance inflows improved from $1.1 billion  …

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