Thursday, 3 February 2011

After a slump in 2009, migrant financial remittances back to Africa were again on the rise in 2010. Experts expect a further growth in funds sent to Africa in 2011 and 2012.

According to a recent World Bank study, the slump in remittances to Africa in 2009 was recovered last year. By the end of 2010, Bank estimates show, Africans abroad will have sent back a total of US$ 21.5 billion, posting a 4.4 percent rise, after a decline of 3.7 percent the year before. Read more

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