Diaspora Journey takes you to the world of millions of people on the move. It contains news, articles, studies, and stories from various sources about the everyday life of diasporas. It also includes topics and discussions related to migration, development, remittances and microfinance.
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