Remittances to sub-Saharan Africa exceed US$21 billion and are forecast to grow by almost two percent in 2010 despite a weak global economy, said the World Bank.
The Bank stated in a press release issued on Tuesday, urging governments and remittance service providers to cooperate and reach out to each other to enhance the development impact of remittances for Africa.
“A recent Bank survey for Kenya estimates that 14 percent of adult Kenyans regularly receive an average of US$735 in remittances from abroad a year. This amount is remitted in seven transactions amounting to US$105 each, according to the survey for Kenya, which was launched today at a joint conference by the World Bank and the Central Bank of Kenya in Nairobi. Read more
No comments:
Post a Comment