World Bank projects 7.1% rise in remittances to Sub-Saharan Africa
Increase in adoption of digital payments infrastructure as markets look to recover from economic hardship exacerbated by COVID-19 and the Ukraine-Russia conflict.
Michael Malakata
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Research shows Sub-Saharan Africa most expensive for remittances
World Bank and KNOMAD release report reflecting drop in remittance rate in 2020, but expectation of growth in 2021.
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World Bank vows to ‘keep the remittance lifeline flowing’
Organisation warns of a decline in remittances to Sub-Saharan Africa due to COVID-19.