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Uganda’s Remittance Blues
African countries like Uganda are paying more attention to migrant workers’ remittances because this money has become another avenue for spurring domestic development. The reason for this attention is simple: “remittance flows directly impact on consumption, savings and investment“. As of 2007 Uganda was among the top 10 African remittance […]
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How is Africa Benefitting from Labour Migration?
The migration of skilled professionals, or the brain drain as it is popularly known, is believed to impact negatively on the migrant’s home country. It usually involves the transfer of human capital important for economic growth from countries suffering from scarcity of resources or poor working conditions to countries enjoying […]
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“Cash Back:” Remittances from the African Diaspora
The African diaspora is comprised of over 30 million emigrants from Africa‘s 54 nations. The International Fund for Agricultural Development (IFAD) estimates that each year the African diaspora contributes about 40 billion USD in the form of remittances to their families and communities. Between 1960 and 2003, the continent of […]